Public infrastructure and productivity growth in Greek agriculture

Mamatzakis, Emmanuel C (2003) Public infrastructure and productivity growth in Greek agriculture. Agricultural Economics, 29 (2). pp. 169-180. ISSN 0169-5150

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Abstract

Recent research has focused on the effect of public infrastructure on economic performance. In this paper, a model of Greek agriculture's technology and behaviour is constructed based on the dual cost function framework. The model provides a decomposition of productivity growth into the components technical change, returns to scale, and public infrastructure. The empirical estimates indicate that public infrastructure investment provides a significant return to agriculture and augments productivity growth. Over the period 1960–1995, the impact of public infrastructure on productivity growth in livestock and crop production is found to be positive, although it has been declining since the late 1970s. These results strongly suggest that a decline in public infrastructure investment can partly explain the observed decline in the productivity growth of Greek agriculture in the 1980s.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > Business and Management
Subjects: H Social Sciences
Depositing User: Janet Snow
Date Deposited: 13 Jul 2012 07:46
Last Modified: 13 Jul 2012 07:46
URI: http://sro.sussex.ac.uk/id/eprint/40057
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