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Resource reallocation and its contribution to productivity growth in Australian broadacre agriculture

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  • Sheng, Yu
  • Jackson, Thomas
  • Gooday, Peter

Abstract

This article uses farm survey data to measure the contribution of cross-farm resource reallocation to industry-level productivity growth in Australian broadacre agriculture. We show that resource reallocation between farms mainly occurred between incumbent farms and between farms with different productivity growth. Resource reallocation is estimated to account for around half of the industry-level productivity growth that occurred between 1978 and 2010, and its contribution appears to have increased over time. Moreover, we also show that resource reallocation effects vary across different inputs, partly due to their different mobility. This analysis improves our understanding of how reforms targeting structural adjustment – and the resource reallocation this generates – can influence aggregate productivity growth.

Suggested Citation

  • Sheng, Yu & Jackson, Thomas & Gooday, Peter, 2017. "Resource reallocation and its contribution to productivity growth in Australian broadacre agriculture," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 61(1), January.
    • Handle: RePEc:ags:aareaj:301119
    DOI: 10.22004/ag.econ.301119
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    File URL: https://ageconsearch.umn.edu/record/301119/files/ajar12137.pdf
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    Cited by:

    1. Sheng, Yu & Chancellor, Will & Jackson, Thomas, 2020. "Deregulation reforms, resource reallocation and aggregate productivity growth in the Australian dairy industry," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(2), April.
    2. Hongyun Zheng & Wanglin Ma, 2021. "The role of resource reallocation in promoting total factor productivity growth: Insights from China’s agricultural sector," Review of Development Economics, Wiley Blackwell, vol. 25(4), pages 2350-2371, November.

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    Resource /Energy Economics and Policy;

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