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http://www.agriculture.gov.au/ABARES/Pages/exit_site.aspx?link=https://doi.org/10.1111/roiw.12250
Resource Name:
http://www.agriculture.gov.au/ABARES/Pages/exit_site.aspx?link=https://doi.org/10.1111/roiw.12250
Resource Type:
External Resource
Metadata
Title:
Measuring Output, Input and Total Factor Productivity in Australian Agriculture: An Industry-Level Analysis
Series:
The Review of Income and Wealth
Series Issue:
Volume 63, Issue s1, February 2017
Publication Date:
01/02/2017
Description:
Article released in the Review of Income and Wealth February 2017. Cite as: Sheng Y, Jackson T, Zhao S, Zhang D, 2017, Measuring Output, Input and Total Factor Productivity in Australian Agriculture: An Industry-Level Analysis. Review of Income and Wealth. Volume 63, issue s1. doi: 10.1111/roiw.12250 This paper uses the growth accounting approach to estimate total factor productivity in the Australian agriculture industry between 1949 and 2012. To shed light on an unresolved debate on quantifying the roles of capital and labor, we compare the ex-ante and ex-post approaches to the estimation of returns to capital and labor, and find the former performs better than the latter in the context of the agricultural production account. We also demonstrate how the measurement of agricultural productivity may be improved by accounting for heterogeneity in output and input quality. Finally, our estimates are distinct from existing statistics in both the time length and industry coverage and provide new information about the long-term trend of agriculture productivity in Australia.
Resource URL Description:
0 : Link to the article on the Review of Income and Wealth website - HTML
Publisher:
John Wiley and Sons
Author:
SHENG Yu

JACKSON Tom

ZHAO Shiji

ZHANG Dandan
Right Management:
Use constraints: copyright

Other constraints: Licence type:Copyright

Other constraints: Copyright (c) 2016, John Wiley and Sons
Identifier:
ISSN 1475-4991
Asset Name:
pj_moitfpd9aap_20170201