Technological Change in Australian Manufacturing

12 Pages Posted: 16 Jan 2014

See all articles by Harry Bloch

Harry Bloch

Curtin University of Technology - Curtin Business School - School of Economics and Finance

Multiple version iconThere are 2 versions of this paper

Date Written: April 1, 2007

Abstract

In the modern era, the extent and character of technical change features prominently in discussions of productivity growth and movements in the competitiveness of manufacturing. While technical change is pervasive in modern manufacturing, it occurs unevenly. In this study, technical change is estimated by fitting dual cost functions for each of 38 sectors of Australian manufacturing over the 32-year period, 1968/69 to 1999/2000. The estimates show that technical change is heavily labour saving in all industries, but that the rate of change and the degree of bias towards saving labour, rather than capital or material, varies substantially across industries.

Keywords: technical change, manufacturing, cost functions

JEL Classification: D24, M41, O33

Suggested Citation

Bloch, Harry, Technological Change in Australian Manufacturing (April 1, 2007). CRAE Working Paper No. 2007-01. Available at SSRN: https://ssrn.com/abstract=2379929 or http://dx.doi.org/10.2139/ssrn.2379929

Harry Bloch (Contact Author)

Curtin University of Technology - Curtin Business School - School of Economics and Finance ( email )

Curtin University
GPO Box U 1987
Perth, 6845
Australia
+61 8 9266 2035 (Phone)
+61 8 9266 3026 (Fax)

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