INPUTS, OUTPUTS AND PRODUCTIVITY CHANGE IN THE AUSTRALIAN SHEEP INDUSTRY

Denis Lawrence and Lloyd McKay

Australian Journal of Agricultural Economics, 1980, vol. 24, issue 01, 14

Abstract: Tornqvist quantity indexes of output and input are computed for the period 1952/53 to 1976/77 from Australian Sheep Industry Survey data. The computation includes estimating the annual service flow from durable inputs. Total productivity in the sheep industry is estimated to have increased by 2.9 per cent per annum during this 25-year period. While the ratio of capital employed per unit of labour has increased, materials, services and livestock have been the inputs for which the quantity used has increased most rapidly. On the output side, there has been a move towards greater diversification with both crop and cattle enterprises on 'sheep properties' increasing in relative importance.

Keywords: Livestock Production/Industries; Productivity Analysis (search for similar items in EconPapers)
Date: 1980
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Citations: View citations in EconPapers (26)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:23059

DOI: 10.22004/ag.econ.23059

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