Moyu Chen, Christopher Findlay, Yu Sheng, Chunlai Chen, Jikun Huang
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引用次数: 0
Abstract
Australiaʼs agricultural sector has experienced a remarkable resurgence in economic growth since the late 1970s, effectively reversing decades of stagnation following World War II. At the heart of this resurgence lies the pivotal role of agricultural total factor productivity (TFP) growth, which has been 1.4% a year accounting for more than two-thirds of the growth in agricultural output. Crucially, government interventions, encompassing a range of institutions, policies, and investments (IPIs), have significantly contributed to this transformation process. These IPIs include deregulation, substantial investments in research and development, and effective water management. This paper reviews agricultural development in Australia since the 1950s and the profound role of IPIs on agricultural TFP. By drawing valuable insights from the Australian experience, we shed light on the pivotal role that governments can play in fostering agricultural GDP growth, sustainability, and resilience within an ever-evolving global landscape.
期刊介绍:
Asia & the Pacific Policy Studies is the flagship journal of the Crawford School of Public Policy at The Australian National University. It is a peer-reviewed journal that targets research in policy studies in Australia, Asia and the Pacific, across a discipline focus that includes economics, political science, governance, development and the environment. Specific themes of recent interest include health and education, aid, migration, inequality, poverty reduction, energy, climate and the environment, food policy, public administration, the role of the private sector in public policy, trade, foreign policy, natural resource management and development policy. Papers on a range of topics that speak to various disciplines, the region and policy makers are encouraged. The goal of the journal is to break down barriers across disciplines, and generate policy impact. Submissions will be reviewed on the basis of content, policy relevance and readability.