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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(01), January.
    • Handle: RePEc:ags:aareaj:301119
    DOI: 10.22004/ag.econ.301119
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    Cited by:

    1. Sheng, Yu & Chancellor, Will & Jackson, Thomas, . "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).
    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.
    3. Moyu Chen & Christopher Findlay & Yu Sheng & Chunlai Chen & Jikun Huang, 2026. "Cultivating Success: The Role of Institutions, Policies and Investments in Driving Rural Transformation in Australia," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 13(1), January.
    4. Kun Song & Yu Tang & Dungang Zang & Hua Guo & Wenting Kong, 2022. "Does Digital Finance Increase Relatively Large-Scale Farmers’ Agricultural Income through the Allocation of Production Factors? Evidence from China," Agriculture, MDPI, vol. 12(11), pages 1-15, November.
    5. Kasem Kunasri & Manh Hung Do & Trung Thanh Nguyen, 2025. "The Role of Farming Efficiency in Rural Transformation: Insights From Long‐Term Panel Data for Thailand," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 69(4), pages 911-933, October.

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