Productivity Growth, Changes in Efficiency and Technical Progress in the Private Sectors of the Australian Economy
This paper estimates the private sector productivity growth in the Australian economy by decomposing productivity growth into growth of efficiency and technical progress. The paper computes Malmquist indices of Total factor productivity (TFP) using a Data Envelopment Analysis (DEA)-like linear programming technique. In view of the lack of any study examining components of productivity growth at the sectoral level, the decomposition pattern of TFP growth as revealed in this paper should significantly contribute to the existing knowledge and policy debate on Australia’s private sector competitiveness. The results indicate that mean rates of technical efficiency growth and technical change over the period have been highest for Transport, Storage and Communication (TSC) and Mining (MIN) industries, respectively. It has been also found that although the average growth rates of efficiency and technical progress have been slow over the study period, annual average productivity growth rates improved in recent years. The findings also suggest that increased efficiency growth played a significant role in raising overall private sector productivity. The results reveal the benefits of deregulation and industry reforms introduced in the Australian economy since the 1980s.
|Date of creation:||12 Oct 2006|
|Contact details of provider:|| Postal: 221 Burwood Highway, Burwood 3125|
Phone: 61 3 9244 3815
Fax: +61 3 5227 2655
Web page: http://www.deakin.edu.au/buslaw/aef/index.php
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:dkn:econwp:eco_2006_14. 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: (Dr Xueli Tang)
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.