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Microeconomic reform and productivity in Australia – boom or blip

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  • Margaret McKenzie

Abstract

Increased aggregate productivity growth in the 1990s has been taken to indicate support for the success of microeconomic reform policy in Australia. The Productivity Commission / Australian Bureau of Statistics key estimates of peak to peak market sector multifactor productivity growth since the mid 1960s are examined in this paper. The peak to peak market sector measures are compared with five year averages. Series are reconstructed for the whole economy, and simple regression estimates obtained. The findings lend support to a spike in the measure in the 1990s rather than sustained increase and highlight the sensitivity of the estimates to cyclical and unknown factors.

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File URL: http://www.deakin.edu.au/buslaw/aef/workingpapers/papers/2010_15.pdf
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Bibliographic Info

Paper provided by Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance in its series Economics Series with number 2010_15.

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Date of creation: 28 Sep 2010
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Handle: RePEc:dkn:econwp:eco_2010_15

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Cited by:
  1. John Quiggin, 2006. "Stories about productivity," Australian Public Policy Program Working Papers WP4P06, Risk and Sustainable Management Group, University of Queensland.
  2. John Edwards & David Gruen & John Quiggin, 2011. "Wrap-up Discussion," RBA Annual Conference Volume, Reserve Bank of Australia, in: Hugo Gerard & Jonathan Kearns (ed.), The Australian Economy in the 2000s Reserve Bank of Australia.

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