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Has growth in productivity in Australian broadacre agriculture slowed? AgEcon
Sheng, Yu; Mullen, John D.; Zhao, Shiji.
Agricultural productivity growth has been strong relative to other sectors in the Australian economy, and relative to the agricultural sectors of other developed countries. However, as commonly observed among other developed economies, growth in productivity in the broadacre sector of Australian agriculture seems to have slowed in the past decade. This paper uses the adjusted cumulative sum square (CUSQ) index to examine the trend stability of total factor productivity in Australian broadacre agriculture over the period 1952-53 to 2006-07. The results show that a significant slowdown occurred around the mid-1990s. Further analysis shows that the slowdown in productivity growth is driven by a longterm decline in public R&D investment in addition to poor...
Tipo: Conference Paper or Presentation Palavras-chave: Total factor productivity; Structural change analysis; CUSUM index; Crop Production/Industries; Farm Management.
Ano: 2010 URL: http://purl.umn.edu/59266
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Productivity and farm size in Australian agriculture: reinvestigating the returns to scale AgEcon
Sheng, Yu; Zhao, Shiji; Nossal, Katarina.
Higher productivity among large farms is often assumed to be a result of increasing returns to scale. However, using farm-level data for the Australian broadacre industry, it was found that constant or mildly decreasing returns to scale is more typical. On examining the monotonic change in marginal input returns as farm operating size increases, it was found that large farms achieve higher productivity through changes in production technology rather than through changes in scale. The results highlight the disparity between ‘returns to scale’ and ‘returns to size’ in Australian agriculture. They also suggest that improving productivity in smaller farms would depend more on their ability to access advanced technologies than their ability to simply expand....
Tipo: Conference Paper or Presentation Palavras-chave: Returns to scale; Returns to size; Production function; Technology progress; Structural adjustment; Australian agriculture; Agricultural and Food Policy.
Ano: 2011 URL: http://purl.umn.edu/100711
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