Australia's Productivity: Some Insights from Productivity Analysis

Jenny Gordon

Asia and the Pacific Policy Studies from Crawford School of Public Policy, The Australian National University

Abstract: Since the turn of the century, multifactor productivity has stagnated. Australia's income growth was supported until recent years by strong growth in the terms of trade and investment, but the terms of trade have been falling since 2011, and investment is slowing. To maintain at least the modest growth rate of the last decade, long term multifactor productivity growth needs to recover. The last decade or so has seen productivity challenges arising from natural resource depletion, as new mines were more costly to develop, and as technological replacements for environmental services, such as desalinisation plants, were increasingly introduced. Lags in the time required to bring major investments online also contributed to the poor performance. More broadly, shifts in tastes and technology have delivered quality improvements to consumers without increases in price commensurate to the additional inputs required, a trend that dampens nominal GDP growth and measured productivity.

Keywords: productivity; environment; investment; intergenerational; Australian economy (search for similar items in EconPapers)
Pages: 14 pages
Date: 2016-07-01
References: Add references at CitEc
Citations:

Published in Asia & the Pacific Policy Studies, May 2016, pages 173-186

Downloads: (external link)
http://onlinelibrary.wiley.com/doi/10.1002/app5.137/epdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (http://onlinelibrary.wiley.com/doi/10.1002/app5.137/epdf [301 Moved Permanently]--> https://onlinelibrary.wiley.com/doi/10.1002/app5.137/epdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:een:appswp:201616

Access Statistics for this paper

More papers in Asia and the Pacific Policy Studies from Crawford School of Public Policy, The Australian National University Contact information at EDIRC.
Bibliographic data for series maintained by Sung Lee ( this e-mail address is bad, please contact ).