Dairy productivity growth, efficiency change and technological progress in Victoria

Business Corporation growth Australia Victoria

This paper examines the possible sources of total factor productivity change in the dairy sector between 2007–08 and 2010–11.

Analysis is conducted over the components of total factor productivity (TFP) growth for a subset of dairy enterprises in Victoria. Specifically, the research considers the contributions of technological progress and technical efficiency changes to TFP growth using the Malmquist index based on a decomposition of TFP change. A comparison of estimates of productivity is made to financial measures of farm performance, with an additional contrast made to qualitative assessments of field staff involved in collecting the survey data used in the analysis.

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