Agroeconomia Croatica, Vol. 12 No. 1, 2022.
Original scientific paper
Innovation and total factor productivity growth in Serbian agriculture
Danilo Đokić
orcid.org/0000-0002-7962-4910
; University of Novi Sad, Faculty of Economics in Subotica, Segedinski put 9-11, Subotica, Serbia
Stanislav Zekić
; University of Novi Sad, Faculty of Economics in Subotica, Segedinski put 9-11, Subotica, Serbia
Ivan Đurić
; Leibniz Institute of Agricultural Development in Transition Economies (IAMO), 06120 Halle (Saale), Germany
Bojan Matkovski
orcid.org/0000-0003-2563-3843
; University of Novi Sad, Faculty of Economics in Subotica, Segedinski put 9-11, Subotica, Serbia
Abstract
The analysis of the total factor productivity (TFP) of Serbian agriculture is the main goal of this paper. To achieve it, data envelopment analysis (DEA) is used to calculate Malmquist productivity indices. Results showed that there was a significant TFP decline from 1999 to 2008 (annual mean TFP change was -4.6%) probably caused by transitional disturbances and agricultural reforms. On other hand, in the period after 2008 annual mean TFP change was 5%. This TFP growth is explained by technical change associated with the European integration process and better implementation of innovation. Therefore, it can be concluded that if technological change is generated by innovation, it could be a clear sign to agricultural policymakers to encourage investment in research and development, especially those research that has a positive impact on agricultural productivity growth and environmental performance such as organizational and information technology innovations. In addition, adequate investments in technology development can increase the competitiveness of the agricultural sector of Serbia, which is especially important in the case of full integration with the EU market.
Keywords
innovation, Serbia, total factor productivity
Hrčak ID:
280448
URI
Publication date:
30.6.2022.
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