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Measuring Productivity Change Under Different Levels Of Assistance: The Australian Dairy Industry

  • Knopke, Philip
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    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.

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    File URL: http://purl.umn.edu/22960
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    Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.

    Volume (Year): 32 (1988)
    Issue (Month): 02-03 ()
    Pages:

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    Handle: RePEc:ags:ajaeau:22960
    Contact details of provider: Postal: AARES Central Office Manager, Crawford School of Public Policy, ANU, Canberra ACT 0200
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    1. Diewert, W Erwin, 1978. "Superlative Index Numbers and Consistency in Aggregation," Econometrica, Econometric Society, vol. 46(4), pages 883-900, July.
    2. Diewert, Erwin, 2007. "Index Numbers," Economics working papers diewert-07-01-03-08-17-23, Vancouver School of Economics, revised 31 Jan 2007.
    3. Lau, Lawrence J, 1979. "On Exact Index Numbers," The Review of Economics and Statistics, MIT Press, vol. 61(1), pages 73-82, February.
    4. Lawrence, Denis & McKay, Lloyd, 1980. "Inputs, Outputs And Productivity Change In The Australian Sheep Industry," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 24(01), April.
    5. Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
    6. Allen, Robert C & Diewert, W Erwin, 1981. "Direct versus Implicit Superlative Index Number Formulae," The Review of Economics and Statistics, MIT Press, vol. 63(3), pages 430-35, August.
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