Has growth in productivity in Australian broadacre agriculture slowed?

Yu Sheng, John Mullen, Shiji Zhao

    Research output: Book chapter/Published conference paperConference paperpeer-review

    Abstract

    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 seasonal conditions in the past decade.
    Original languageEnglish
    Title of host publicationAARE2010
    Subtitle of host publicationMaking a difference: Celebrating 40 years of educational research
    Place of PublicationAustralia
    PublisherAustralian Agricultural and Resource Economics Society (AARES)
    Pages24
    Number of pages1
    Publication statusPublished - 2010
    EventConference of the Australian Agricultural and Resource Economics Society - Adelaide, SA, Australia
    Duration: 10 Feb 201012 Feb 2010

    Conference

    ConferenceConference of the Australian Agricultural and Resource Economics Society
    Country/TerritoryAustralia
    Period10/02/1012/02/10

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