Sources of Australia's Productivity Revival
Australia's annual rate of multifactor productivity growth accelerated a full percentage point in the 1990s. The fact that most other OECD countries did not share this experience suggests that domestic factors must have provided at least a major part of the explanation. This article establishes six stylised facts about Australia's 1990s productivity performance and then surveys available analytical studies to find explanations for them. With few aggregate models available to shed light on recent output and productivity growth, the survey also covers cross-country, industry and firm-level studies. Despite various shortcomings in data and specification of models, a reasonably clear picture emerges. The accumulation of physical and human capital has laid a long-term foundation for productivity growth. On top of this foundation, the greater openness of the economy to trade and investment, increased R&D activity and a strong uptake and innovative use of ICT have been specific sources of the productivity revival. There is also evidence that policy and institutional factors have been important in driving and enabling these determinants. Copyright © 2004 Economic Society of Australia..
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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 80 (2004)
Issue (Month): 249 (June)
|Contact details of provider:|| Postal: Central Council Administration, L.P.O. Box 2161, Hawthorn VIC 3122|
Phone: 61 3 9497 4140
Fax: 61 3 9497 4140
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0013-0249
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=0013-0249|
When requesting a correction, please mention this item's handle: RePEc:bla:ecorec:v:80:y:2004:i:249:p:239-257. 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: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
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.