Productivity Growth and R&D Spending in Australian Broadacre Agriculture: Empirical Analyses by Using Alternative Approaches
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This thesis computes and decomposes productivity changes and investigates the effect of research and development (R&D) expenditure on productivity growth in Australian broadacre agriculture. The empirical results indicate slower TFP growth, driven by declining growth in technical change and find a cointegrated and causal relationship between public R&D and productivity growth. With R&D spending seen to increase agricultural productivity significantly, impact variations across states emerged as important to public R&D policy development in Australian agriculture.
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