This paper examines the impact of investment in research and innovation on Australian market sector productivity. While previous studies have largely focused on a narrow class of private sector intangible assets as a source of productivity gains, this paper shows that there is a broad range of...

This paper examines the impact of the provision of public transport infrastructure on the cost structure of the Australian economy within a context that recognises industry agglomeration externalities. The paper extends the symmetric generalised quadratic cost functionby incorporating public...

This paper examines the optimality of the provision of economic infrastructure in Australia using a system of Euler equations to represent intertemporal efficiency conditions. Employing Generalised Method of Moments, our estimation results suggest that dealing with individual types of...

This paper presents new evidence on the impact of public infrastructure on the Australian economy. The contribution of the paper is three-fold. First, it estimates measures of multifactor productivity for each of the states and territories. Second, it employs a new data set on public...

While many model selection criteria have been suggested over the last thirty years, applied researchers still rely on R2 and R -2 to a surprising degree. It is suggested that this is mainly due to the extra informational content of these criteria compared to other alternatives. Expressions for...

The modelling of technical progress in a production economy is a problem of great interest. Non-parametric approximation of technical progress through the use of an adaptively fitted spline function is presented as an attractive solution. An application demonstrates the sensitivity of estimates...

Caves, Christensen, Diewert introduced Malmquist output, input and productivity indexes into production theory in a systematic way. These indexes use distance functions to represent the technology. In recent years, there have been many attempts to decompose Malmquist productivity indexes into...

Diewert and Fox (2013) proposed decompositions of a Malmquist-type productivity index into explanatory factors, with a focus on extracting technical progress, technical efficiency change and returns to scale components. A major problem with their decompositions is that it may be difficult to...

A firm may be different from other firms either in terms of the mix or scale of its input-output vector. This paper develops separate mix and scale measures of dissimilarity, and shows that these can be additively aggregated into a measure of absolute dissimilarity. The mix measure is...