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.
Volume (Year): 32 (1988)
Issue (Month): 02-03 ()
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- Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
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- Diewert, Erwin, 2007. "Index Numbers," Economics working papers diewert-07-01-03-08-17-23, Vancouver School of Economics, revised 31 Jan 2007.
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