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The public R&D and productivity growth in Australia’s broadacre agriculture: is there a link?

Author

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  • Khan, Farid
  • Salim, Ruhul
  • Bloch, Harry
  • Islam, Nazrul

Abstract

This paper investigates the dynamic relationships between research and development (R&D) expenditure and productivity growth in Australian broadacre agriculture using aggregate time series data for the period 1953 to 2009. The results show a cointegrating relationship between R&D and productivity growth and a unidirectional causality from R&D to TFP (total factor productivity) growth in Australian broadacre agriculture. Using the dynamic properties of the model, data from beyond the sample period are analysed by employing the variance decomposition and the impulse response function. The findings reveal that R&D can be readily linked to the variation in productivity growth beyond the sample period. Furthermore, the forecasting results indicate that a significant out-of-sample relationship exists between public R&D and productivity in broadacre agriculture.

Suggested Citation

  • Khan, Farid & Salim, Ruhul & Bloch, Harry & Islam, Nazrul, 2017. "The public R&D and productivity growth in Australia’s broadacre agriculture: is there a link?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 61(2), April.
    • Handle: RePEc:ags:aareaj:302930
    DOI: 10.22004/ag.econ.302930
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    Cited by:

    1. Will Chancellor, 2023. "Exploring the relationship between information and communication technology (ICT) and productivity: Evidence from Australian farms," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 67(2), pages 285-302, April.
    2. Li, Kuo & Malcolm, Bill & Griffith, Garry & Kingwell, Ross, 2022. "A Model of the Southern Australian Grains Industry," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 30(2), April.
    3. Stéphane Lemarié & Valérie Orozco & Jean-Pierre Butault & Antonio Musolesi & Michel Simioni & Bertrand Schmitt, 2020. "Assessing the long-term impact of agricultural research on productivity: evidence from France," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 47(4), pages 1559-1586.
    4. Sansi Yang & C. Richard Shumway, 2020. "Knowledge accumulation in US agriculture: research and learning by doing," Journal of Productivity Analysis, Springer, vol. 54(2), pages 87-105, December.
    5. Huang, Chia-Hui & Hou, Tony Chieh-Tse, 2019. "Innovation, research and development, and firm profitability in Taiwan: Causality and determinants," International Review of Economics & Finance, Elsevier, vol. 59(C), pages 385-394.
    6. Deng, Haiyan & Jin, Yanhong & Pray, Carl & Hu, Ruifa & Xia, Enjun & Meng, Hong, 2021. "Impact of public research and development and extension on agricultural productivity in China from 1990 to 2013," China Economic Review, Elsevier, vol. 70(C).
    7. Bouali Guesmi & Juan Hernán Cabas Monje & Marta Alfaro Valenzuela & José M. Gil, 2024. "Impact of public research investments on agricultural productivity in Chile," Agribusiness, John Wiley & Sons, Ltd., vol. 40(1), pages 277-298, January.
    8. Soriano, Franklin A. & Villano, Renato A. & Fleming, Euan M. & Battese, George E., 2018. "What’s driving innovation in small businesses in Australia? The case of the food industry," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(1), October.
    9. Muhammad Masood Azeem & Syed Fazal‐e‐Hasan & Leopoldo Gutiérrez & Derek Baker, 2022. "Does functional diversity in interfirm collaborations lead to innovation diversity? Firm‐level evidence from the Australian food industry," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 66(3), pages 612-637, July.
    10. Steele C. West & Amin W. Mugera & Ross S. Kingwell, 2021. "Drivers of farm business capital structure and its speed of adjustment: evidence from Western Australia’s Wheatbelt," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 65(2), pages 391-412, April.

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