 Economic reform and productivity growth: the case of Australia and New ZealandRolf Färe, Shawna Grosskopf and Dimitri Margaritis Mathematics and Computers in Simulation (MATCOM), 2002, vol. 59, issue 1, 143-152 Abstract: The purpose of this paper is to study relative developments in total factor productivity (TFP) growth between the Australian and New Zealand traded goods sectors during the 1975–1998 period. Particular attention is paid to the effect of the mid-1980s economic reforms on overall productivity and efficiency change (ECH). We use an approach that decomposes TFP growth into an ECH and a technical change component. This decomposition provides extra insight on assessing relative productivity developments. Our results indicate that the New Zealand primary sector exhibits a remarkable improvement in TFP growth during the post-reform period. This improvement in productivity is driven predominantly by efficiency rather than technical change. There are no significant productivity changes in the Australian primary sector, nor the manufacturing sectors of the two countries as a result of the reforms. In fact, the productivity gains in the New Zealand manufacturing recorded in the initial stage of the post-reform period appear to have been eroded in the 1990s. Keywords: Malmquist index; Total factor productivity; Economic reform (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:matcom:v:59:y:2002:i:1:p:143-152 Access Statistics for this article Mathematics and Computers in Simulation (MATCOM) is currently edited by Robert Beauwens More articles in Mathematics and Computers in Simulation (MATCOM) from Elsevier |
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