What Happened to Australia's Productivity Surge?
Government of the Commonwealth of Australia - Productivity Commission
Australian Economic Review, Vol. 42, Issue 3, pp. 243-263, September 2009
Australia's productivity has grown 1 percentage point per year slower in the current decade than in the 1990s. This article shows that almost one-half of the slowdown is related to unusual developments in the mining industry, the effects of drought and the overstatement of productivity growth in the 1990s. Part of the remainder might be as a result of a combination of slower technological change, unmeasured declines in labour quality, the diminishing effects of past reforms and the increasing profitability of Australian firms.
Number of Pages in PDF File: 21Accepted Paper Series
Date posted: October 8, 2009
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