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Recent Trends in New Zealand Agricultural Productivity and its Measurement

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  • Forbes, Rod
  • Johnson, Robin

Abstract

This paper updates the results of an earlier paper (Johnson 1996) exploring productivity trends 1972-92 prepared for the OECD. Tornqvist indexes are used to compensate for changes in the mix of outputs and inputs. Capital is charged at service prices. Present indications are that labour and capital inputs have not increased in the last ten years but total factor productivity has increased at the rate of around 4 per cent per year reflecting past investments and adaptation to new challenges. Comparisons are made with indexes based on static factor shares and suggestions are made on the construction of more ideal index numbers for measuring productivity change where the data is available.

Suggested Citation

  • Forbes, Rod & Johnson, Robin, 2000. "Recent Trends in New Zealand Agricultural Productivity and its Measurement," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123646, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare00:123646
    DOI: 10.22004/ag.econ.123646
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    References listed on IDEAS

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    1. Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
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    Cited by:

    1. Lattimore, Ralph G., 2006. "Farm Subsidy Reform Dividends," 2006 NAAMIC Workshop III: Achieving NAFTA Plus 163879, North American Agrifood Market Integration Consortium (NAAMIC).
    2. Anderson, Kym & Lattimore, Ralph G. & Lloyd, Peter J. & MacLaren, Donald, 2007. "Distortions to Agricultural Incentives in Australia and New Zealand," 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand 10407, Australian Agricultural and Resource Economics Society.

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    Keywords

    Productivity Analysis;

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