Exploring the Impact of R&D and Climate Change on Agricultural Productivity Growth: The Case of Western Australia
Exploring the Impact of R&D and Climate Change on Agricultural Productivity Growth: The Case of Western Australia
复制标题
探索 R 的影响
DOI:
10.1111/j.1467-8489.2010.00514.x
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发表时间:
2010
期刊:
影响因子:
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通讯作者:
N. Islam
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文献类型:
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作者:
Ruhul Salim;N. Islam
This article empirically examines the impact of R&D and climate change on the Western Australian Agricultural sector using standard time series econometrics. Based on historical data for the period of 1977–2005, the empirical results show that both R&D and climate change matter for long-run productivity growth. The long-run elasticity of total factor productivity (TFP) with respect to R&D expenditure is 0.497, while that of climate change is 0.506. There is a unidirectional causality running from R&D expenditure to TFP growth in both the short run and long run. Further, the variance decomposition and impulse response function confirm that a significant portion of output and productivity growth beyond the sample period is explained by R&D expenditure. These results justify the increase in R&D investment in the deteriorating climatic condition in the agricultural sector to improve the long-run prospects of productivity growth.
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