A More Dynamic Economy

Andrew Leigh

No 193, IZA Policy Papers from Institute of Labor Economics (IZA)

Abstract: Economic dynamism is fundamental to productivity and living standards. Several important metrics suggest that the Australian economy has become less dynamic over recent decades. The share of workers starting a new job has fallen. Among employing businesses, the start! up rate has declined. On average, markets have become more concentrated. Mark!ups have increased. Reinvigorating competition policy may be an important means of boosting dynamism and raising the rate of productivity growth.

Keywords: market concentration; markups; new business formation; job mobility (search for similar items in EconPapers)
JEL-codes: D43 K21 L40 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2022-10
New Economics Papers: this item is included in nep-com and nep-law
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Citations: View citations in EconPapers (5)

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