Exploring the impact of R&D and climate change on agricultural productivity growth: the case of Western Australia
This article empirically examines the impact of R&D and climate change on the WesternAustralian Agricultural sector using standard time series econometrics. Based onhistorical data for the period of 1977–2005, the empirical results show that both R&Dand climate change matter for long-run pro...
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| Format: | Journal Article |
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Blackwell Publishing Asia
2010
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| Online Access: | http://hdl.handle.net/20.500.11937/4764 |
| _version_ | 1848744607529041920 |
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| author | Salim, Ruhul Islam, Mohammad Nazrul |
| author_facet | Salim, Ruhul Islam, Mohammad Nazrul |
| author_sort | Salim, Ruhul |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This article empirically examines the impact of R&D and climate change on the WesternAustralian Agricultural sector using standard time series econometrics. Based onhistorical data for the period of 1977–2005, the empirical results show that both R&Dand climate change matter for long-run productivity growth. The long-run elasticityof total factor productivity (TFP) with respect to R&D expenditure is 0.497, while thatof climate change is 0.506. There is a unidirectional causality running from R&Dexpenditure to TFP growth in both the short run and long run. Further, the variancedecomposition and impulse response function confirm that a significant portion ofoutput and productivity growth beyond the sample period is explained by R&Dexpenditure. These results justify the increase in R&D investment in the deterioratingclimatic condition in the agricultural sector to improve the long-run prospects ofproductivity growth. |
| first_indexed | 2025-11-14T06:04:09Z |
| format | Journal Article |
| id | curtin-20.500.11937-4764 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T06:04:09Z |
| publishDate | 2010 |
| publisher | Blackwell Publishing Asia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-47642019-04-30T03:27:45Z Exploring the impact of R&D and climate change on agricultural productivity growth: the case of Western Australia Salim, Ruhul Islam, Mohammad Nazrul productivity growth R&D expenditure generalized impulse response function cointegration climate change This article empirically examines the impact of R&D and climate change on the WesternAustralian Agricultural sector using standard time series econometrics. Based onhistorical data for the period of 1977–2005, the empirical results show that both R&Dand climate change matter for long-run productivity growth. The long-run elasticityof total factor productivity (TFP) with respect to R&D expenditure is 0.497, while thatof climate change is 0.506. There is a unidirectional causality running from R&Dexpenditure to TFP growth in both the short run and long run. Further, the variancedecomposition and impulse response function confirm that a significant portion ofoutput and productivity growth beyond the sample period is explained by R&Dexpenditure. These results justify the increase in R&D investment in the deterioratingclimatic condition in the agricultural sector to improve the long-run prospects ofproductivity growth. 2010 Journal Article http://hdl.handle.net/20.500.11937/4764 10.1111/j.1467-8489.2010.00514.x Blackwell Publishing Asia unknown |
| spellingShingle | productivity growth R&D expenditure generalized impulse response function cointegration climate change Salim, Ruhul Islam, Mohammad Nazrul Exploring the impact of R&D and climate change on agricultural productivity growth: the case of Western Australia |
| title | Exploring the impact of R&D and climate change on agricultural productivity growth: the case of Western Australia |
| title_full | Exploring the impact of R&D and climate change on agricultural productivity growth: the case of Western Australia |
| title_fullStr | Exploring the impact of R&D and climate change on agricultural productivity growth: the case of Western Australia |
| title_full_unstemmed | Exploring the impact of R&D and climate change on agricultural productivity growth: the case of Western Australia |
| title_short | Exploring the impact of R&D and climate change on agricultural productivity growth: the case of Western Australia |
| title_sort | exploring the impact of r&d and climate change on agricultural productivity growth: the case of western australia |
| topic | productivity growth R&D expenditure generalized impulse response function cointegration climate change |
| url | http://hdl.handle.net/20.500.11937/4764 |