The public R&D and productivity growth in Australia's broadacre agriculture: Is there a link?
© 2017 Australian Agricultural and Resource Economics Society Inc.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 res...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
Blackwell Publishing Asia
2017
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| Online Access: | http://hdl.handle.net/20.500.11937/62852 |
| _version_ | 1848760927568003072 |
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| author | Khan, F. Salim, Ruhul Bloch, Harry Islam, N. |
| author_facet | Khan, F. Salim, Ruhul Bloch, Harry Islam, N. |
| author_sort | Khan, F. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | © 2017 Australian Agricultural and Resource Economics Society Inc.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. |
| first_indexed | 2025-11-14T10:23:33Z |
| format | Journal Article |
| id | curtin-20.500.11937-62852 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T10:23:33Z |
| publishDate | 2017 |
| publisher | Blackwell Publishing Asia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-628522018-10-12T06:52:22Z The public R&D and productivity growth in Australia's broadacre agriculture: Is there a link? Khan, F. Salim, Ruhul Bloch, Harry Islam, N. © 2017 Australian Agricultural and Resource Economics Society Inc.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. 2017 Journal Article http://hdl.handle.net/20.500.11937/62852 10.1111/1467-8489.12202 Blackwell Publishing Asia restricted |
| spellingShingle | Khan, F. Salim, Ruhul Bloch, Harry Islam, N. The public R&D and productivity growth in Australia's broadacre agriculture: Is there a link? |
| title | The public R&D and productivity growth in Australia's broadacre agriculture: Is there a link? |
| title_full | The public R&D and productivity growth in Australia's broadacre agriculture: Is there a link? |
| title_fullStr | The public R&D and productivity growth in Australia's broadacre agriculture: Is there a link? |
| title_full_unstemmed | The public R&D and productivity growth in Australia's broadacre agriculture: Is there a link? |
| title_short | The public R&D and productivity growth in Australia's broadacre agriculture: Is there a link? |
| title_sort | public r&d and productivity growth in australia's broadacre agriculture: is there a link? |
| url | http://hdl.handle.net/20.500.11937/62852 |