THE SLOWDOWN IN AUSTRALIAN PRODUCTIVITY GROWTH: SOME AGGREGATED AND DISAGGREGATED EVIDENCE

A. Phipps, Jeffrey Sheen and C. Wilkins

No 175, Working Papers from University of Sydney, School of Economics

Abstract: The decline in Australian aggregate labour productivity growth in the 1980's was closely associated with a fall in capital intensity. While many believe that real wage restraint was the explanation for these aggregate outcomes, this paper examines the data disaggregated to an industry level to see whether industrial composition changes can refute the factor substitution argument.

Date: 1992-04
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