The Efficiency of the Australian Dairy Processing Industry

Posted: 20 Sep 2000

See all articles by Hristos Doucouliagos

Hristos Doucouliagos

Deakin University - School of Accounting, Economics and Finance

Phillip Hone

Deakin University - School of Accounting, Economics and Finance

Abstract

In this article we analyse trends in the economic performance of the dairy processing industry and evaluate the link between these trends and the deregulation of the industry. Using Stochastic Frontier Analysis to derive Malmquist total factor productivity estimates, we show that the industry exhibits a relatively high level of technical efficiency. Victoria, the major producing state, has been effectively on the frontier over the period studied. In recent years, the rapid expansion in capital investment that has attended the shift towards deregulation, has been accompanied by an apparent slowdown in both productivity growth and technical progress. There is also evidence of a convergence in productivity levels across states.

Suggested Citation

Doucouliagos, Chris (Hristos) and Hone, Phillip, The Efficiency of the Australian Dairy Processing Industry. Available at SSRN: https://ssrn.com/abstract=241294

Chris (Hristos) Doucouliagos (Contact Author)

Deakin University - School of Accounting, Economics and Finance ( email )

Burwood, Victoria 3215
Australia

Phillip Hone

Deakin University - School of Accounting, Economics and Finance ( email )

Burwood, Victoria 3215
Australia

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