IDEAS home Printed from https://ideas.repec.org/a/ags/aareaj/283223.html
   My bibliography  Save this article

Multifactor productivity growth and the Australian mining sector

Author

Listed:
  • Syed, Arif
  • Grafton, R. Quentin
  • Kalirajan, Kaliappa
  • Parham, Dean

Abstract

A commonly used, but unadjusted, measure of Australian mining multifactor productivity (MFP) fell by about one-third over the first decade of the mining boom, coinciding with very large increases in resource prices. Using growth accounting methods and our own adjustments, based on energy use and capital-output lags to account for depletion effects we find (i) the Australian annual average MFP growth in mining was 2.5 per cent a year between 1985–1986 and 2009–2010 compared to 0.65 per cent for the unadjusted measure and (ii) productivity growth was positive in the 2000s, albeit at a lower rate than in the 1990s. Our adjusted MFP growth measures at a state level and subsector level are greater than unadjusted productivity measures. In a complementary study using an econometric decomposition of mining MFP at a state level, we find no statistically significant effect of technological change on MFP growth in the sector, but positive and statistically significant effects of technical efficiency and scale over the period 1990–1991 to 2009–2010. Our results do not support specific policy interventions to increase productivity growth in the mining sector beyond appropriate incentives for resource exploration including the provision of precompetitive resource data.

Suggested Citation

  • Syed, Arif & Grafton, R. Quentin & Kalirajan, Kaliappa & Parham, Dean, 2015. "Multifactor productivity growth and the Australian mining sector," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 59(4), October.
    • Handle: RePEc:ags:aareaj:283223
    DOI: 10.22004/ag.econ.283223
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/283223/files/ajar12122.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.283223?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hosseinzadeh, Ahmad & Smyth, Russell & Valadkhani, Abbas & Le, Viet, 2016. "Analyzing the efficiency performance of major Australian mining companies using bootstrap data envelopment analysis," Economic Modelling, Elsevier, vol. 57(C), pages 26-35.
    2. Ahmad Hosseinzadeh & Russell Smyth & Abbas Valadkhani & Amir Moradi, 2018. "What determines the efficiency of Australian mining companies?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 62(1), pages 121-138, January.
    3. Sahoo, Auro Kumar & Sahu, Naresh Chandra & Sahoo, Dukhabandhu, 2018. "Impact of policy reforms on the productivity growth of Indian coal mining: A decomposition analysis," Resources Policy, Elsevier, vol. 59(C), pages 460-467.
    4. Sabuj Kumar Mandal & Devleena Chakravarty, 2017. "Role of energy in estimating turning point of Environmental Kuznets Curve: an econometric analysis of the existing studies," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 19(2), pages 387-401, October.
    5. Ahmad, Shabbir & Steen, John & Ali, Saleem & Valenta, Rick, 2023. "Carbon-adjusted efficiency and technology gaps in gold mining," Resources Policy, Elsevier, vol. 81(C).
    6. Villena, Marcelo & Greve, Fernando, 2018. "On resource depletion and productivity: The case of the Chilean copper industry," Resources Policy, Elsevier, vol. 59(C), pages 553-562.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aareaj:283223. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaresea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.