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Inputs, Outputs And Productivity Change In The Australian Sheep Industry

  • Lawrence, Denis
  • McKay, Lloyd
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    Tornqvist quantity indexes of output and input are computed for the period 1952/53 to 1976/77 from Australian Sheep Industry Survey data. The computation includes estimating the annual service flow from durable inputs. Total productivity in the sheep industry is estimated to have increased by 2.9 per cent per annum during this 25-year period. While the ratio of capital employed per unit of labour has increased, materials, services and livestock have been the inputs for which the quantity used has increased most rapidly. On the output side, there has been a move towards greater diversification with both crop and cattle enterprises on 'sheep properties' increasing in relative importance.

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    Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.

    Volume (Year): 24 (1980)
    Issue (Month): 01 (April)

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    Handle: RePEc:ags:ajaeau:23059
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    1. Diewert, Erwin, 2007. "Index Numbers," Economics working papers diewert-07-01-03-08-17-23, Vancouver School of Economics, revised 31 Jan 2007.
    2. Glau, T.E., 1971. "The Cost-Price Squeeze On Australian Farm Income," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 15(01), April.
    3. Zvi Griliches, 1963. "The Sources of Measured Productivity Growth: United States Agriculture, 1940-60," Journal of Political Economy, University of Chicago Press, vol. 71, pages 331.
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