Advanced Search
MyIDEAS: Login to save this article or follow this journal

Understanding productivity trends

Contents:

Author Info

  • Ben Dolman

    (Treasury, Government of Australia)

  • Lan Lu

    (Treasury, Government of Australia)

  • Jyoti Rahman

    (Treasury, Government of Australia)

Registered author(s):

    Abstract

    Market sector productivity — the output produced per hour worked — grew at an annual rate of 3.2 per cent during the five years to 1998-99, which was the fastest rate on record. In the five years to 2003-04, productivity growth eased to 2.2 per cent per year, which is around the average rate over the past four decades. On balance, business cycle fluctuations, international developments, investment in physical and human capital (including information and communication technology), and the movement of labour across industries did not cause this easing in productivity growth. Rather, these trends are apparent within a number of industries: mining, construction, utilities, wholesale trade, communications and finance and insurance. A closer inspection of these industries suggests that, with the exception of mining, the recent trends at least partly reflect an easing of growth rates towards their historical averages after the unusual productivity surge of the late 1990s.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://archive.treasury.gov.au/documents/1087/PDF/04_Productivity_trends.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Treasury, Australian Government in its journal Economic Roundup.

    Volume (Year): (2006)
    Issue (Month): 1 (March)
    Pages: 35-52

    as in new window
    Handle: RePEc:tsy:journl:journl_tsy_er_2006_1_1

    Contact details of provider:
    Postal: Langton Crescent, PARKES ACT 2600
    Phone: +61 2 6263 2111
    Fax: +61 2 6273 2614
    Email:
    Web page: http://www.treasury.gov.au
    More information through EDIRC

    Related research

    Keywords: labour productivity; labour market; macroeconomics;

    Find related papers by JEL classification:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Susanto Basu & John Fernald, 2001. "Why Is Productivity Procyclical? Why Do We Care?," NBER Chapters, in: New Developments in Productivity Analysis, pages 225-302 National Bureau of Economic Research, Inc.
    2. Dean Parham, 2004. "Sources of Australia's Productivity Revival," The Economic Record, The Economic Society of Australia, The Economic Society of Australia, vol. 80(249), pages 239-257, 06.
    3. Abbas Valadkhani, 2002. "An Empirical Analysis of Australian Labour Productivity," School of Economics and Finance Discussion Papers and Working Papers Series, School of Economics and Finance, Queensland University of Technology 110, School of Economics and Finance, Queensland University of Technology.
    4. Jyoti Rahman, 2005. "Comparing Australian and United States productivity," Economic Roundup, Treasury, Australian Government, Treasury, Australian Government, issue 2, pages 27-45, June.
    5. David H. Romer & Jeffrey A. Frankel, 1999. "Does Trade Cause Growth?," American Economic Review, American Economic Association, American Economic Association, vol. 89(3), pages 379-399, June.
    6. Graeme Davis & Gene Tunny, 2005. "International comparisons of research and development," Economic Roundup, Treasury, Australian Government, Treasury, Australian Government, issue 4, pages 63-82, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Samantha Farmakis-Gamboni & David Prentice, 2007. "Does Reducing Union Bargaining Power Increase Productivity?," Working Papers, School of Economics, La Trobe University 2007.04, School of Economics, La Trobe University.
    2. Samantha Farmakis‐Gamboni & David Prentice, 2011. "When Does Reducing Union Bargaining Power Increase Productivity? Evidence from the Workplace Relations Act," The Economic Record, The Economic Society of Australia, The Economic Society of Australia, vol. 87(279), pages 603-616, December.
    3. Robert Ewing & Sian Fenner & Steven Kennedy & Jyoti Rahman, 2007. "Recent productivity outcomes and Australia’s potential growth," Economic Roundup, Treasury, Australian Government, Treasury, Australian Government, issue 3, pages 49-71, September.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:tsy:journl:journl_tsy_er_2006_1_1. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Department of Treasury).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.