A Decomposition of Changes in Labour Productivity in Australia: 1970-71 to 1989-90
The authors show that business-cycle phenomena, climatic conditions, and industrial structure are important determinants of annual variations in Australia's labor productivity growth. Another finding is that Australia's productivity slowdown in the 1980s was associated with a reduction in capital growth per unit of labor. The methodology relies on production functions at the industry level. The authors analyze the sensitivity of results to the specification of these functions. Copyright 1992 by The Economic Society of Australia.
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Volume (Year): 68 (1992)
Issue (Month): 201 (June)
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