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Slowing Productivity Growth - A developed economy

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  • Christine Carmody

    (Treasury, Government of Australia)

Abstract

Developed economies have experienced slowing productivity growth in recent decades. Potential common drivers include falling rates of innovation, the fading impacts of ICT and past economic reforms, and shifting economic activity to lower productivity sectors. These are argued to have had varying degrees of influence on country performance, tempered by domestic factors. The latter appear to play an important role in the case of Australia.

Suggested Citation

  • Christine Carmody, 2013. "Slowing Productivity Growth - A developed economy," Economic Roundup, The Treasury, Australian Government, issue 2, pages 57-78, December.
    • Handle: RePEc:tsy:journl:journl_tsy_er_2013_2_4
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    References listed on IDEAS

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    Cited by:

    1. Dixon, Janine, 2015. "A new generation of scientists? The impact of STEM-qualified workers on the Australian economy," Conference papers 332626, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

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    More about this item

    Keywords

    Innovation; technological change; reform; economic growth; information and communications technology; ICT;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • F01 - International Economics - - General - - - Global Outlook
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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