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

Autor:	Khan, Farid, Salim, Ruhul, Bloch, Harry, Islam, Nazrul
Předmět:	RESEARCH & development projects AGRICULTURAL productivity INDUSTRIAL productivity AGRICULTURAL economics PRODUCTION (Economic theory) FINANCE
Zdroj:	Australian Journal of Agricultural & Resource Economics; Apr2017, Vol. 61 Issue 2, p285-303, 19p
Abstrakt:	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. [ABSTRACT FROM AUTHOR]
Databáze:	Complementary Index
Externí odkaz:	Zobrazit plný text záznamu Plný text ve formátu HTML
Nepřihlášeným uživatelům se plný text nezobrazuje	K zobrazení výsledku je třeba se přihlásit.