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MEASURING PRODUCTIVITY CHANGE UNDER DIFFERENT LEVELS OF ASSISTANCE: THE AUSTRALIAN DAIRY INDUSTRY

MEASURING PRODUCTIVITY CHANGE UNDER DIFFERENT LEVELS OF ASSISTANCE: THE AUSTRALIAN DAIRY INDUSTRY The effects of different levels of protection on productivity measures are frequently ignored in economic analysis. In this paper. a procedure is developed to net out the effects of non‐marginal cost pricing on the traditional Tornqvist productivity measure. Total factor productivity in the dairy industry is estimated to have grown at a 1.5 per cent annual rate over the period 1967‐68 to 1982‐83. A state and regional analysis of the dairy industry showed that the Victorian industry had outperformed the New South Wales industry, a factor that was attributed to major policy differences between the two states. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

MEASURING PRODUCTIVITY CHANGE UNDER DIFFERENT LEVELS OF ASSISTANCE: THE AUSTRALIAN DAIRY INDUSTRY

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References (5)

Publisher
Wiley
Copyright
Copyright © 1988 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1988.tb00679.x
Publisher site
See Article on Publisher Site

Abstract

The effects of different levels of protection on productivity measures are frequently ignored in economic analysis. In this paper. a procedure is developed to net out the effects of non‐marginal cost pricing on the traditional Tornqvist productivity measure. Total factor productivity in the dairy industry is estimated to have grown at a 1.5 per cent annual rate over the period 1967‐68 to 1982‐83. A state and regional analysis of the dairy industry showed that the Victorian industry had outperformed the New South Wales industry, a factor that was attributed to major policy differences between the two states.

Journal

The Australian Journal of Agricultural Resource EconomicsWiley

Published: Dec 12, 1988

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