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Public infrastructure and productivity growth in Greek agriculture
journal contribution
posted on 2023-06-08, 12:03 authored by Emmanuel C MamatzakisRecent 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.
History
Publication status
- Published
Journal
Agricultural EconomicsISSN
0169-5150Publisher
Wiley-BlackwellIssue
2Volume
29Page range
169-180Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-07-13Usage metrics
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