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Farm-level efficiency and productivity measurement using panel data: wool production in south-west Victoria

Fraser, Iain and Hone, Phillip 2001, Farm-level efficiency and productivity measurement using panel data: wool production in south-west Victoria, Australian journal of agricultural and resource economics, vol. 45, no. 2, pp. 215-232, doi: 10.1111/1467-8489.00140.

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Title Farm-level efficiency and productivity measurement using panel data: wool production in south-west Victoria
Author(s) Fraser, Iain
Hone, Phillip
Journal name Australian journal of agricultural and resource economics
Volume number 45
Issue number 2
Start page 215
End page 232
Publisher Blackwell Publishers Ltd
Place of publication Oxford, England
Publication date 2001-06
ISSN 1364-985X
1467-8489
Summary In this article we explore some issues surrounding the use of farm-level efficiency and productivity estimates for benchmarking studies. Using an eight-year balanced panel of Victorian wool producers we analyse annual variation between estimates of farm-level technical efficiency derived using Data Envelopment Analysis and Malmquist estimates of Total Factor Productivity. We find that farms change their relative rank in terms of efficiency across years. Also, unlike aggregate studies of Total Factor Productivity, we find at best erratic and modest growth, a worrying result for this industry. However, caution is needed when interpreting these results, and for that matter, benchmarking analysis as currently practised when using frontier estimation techniques like Data Envelopment Analysis.
Notes Published Online: Dec 18 2002
Language eng
DOI 10.1111/1467-8489.00140
Field of Research 140205 Environment and Resource Economics
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2001, Australian Agricultural and Resource Economics Society Inc. and Blackwell Publishers Ltd
Persistent URL http://hdl.handle.net/10536/DRO/DU:30006428

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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