The productivity-inflation nexus: The case of the Australian mining sector

Mahadevan, Renuka and Asafu-Adjaye, John (2005) The productivity-inflation nexus: The case of the Australian mining sector. Energy Economics, 27 1: 209-224. doi:10.1016/j.eneco.2004.10.003

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Author Mahadevan, Renuka
Asafu-Adjaye, John
Title The productivity-inflation nexus: The case of the Australian mining sector
Journal name Energy Economics   Check publisher's open access policy
ISSN 0140-9883
Publication date 2005-01
Year available 2004
Sub-type Article (original research)
DOI 10.1016/j.eneco.2004.10.003
Volume 27
Issue 1
Start page 209
End page 224
Total pages 16
Place of publication Amsterdam, Netherlands
Publisher Elsevier
Collection year 2005
Language eng
Subject C1
340299 Applied Economics not elsewhere classified
340405 Panel Data Analysis
720404 Productivity
Abstract This paper examines the causal links between productivity growth and two price series given by domestic inflation and the price of mineral products in Australia's mining sector for the period 1968/1969 to 1997/1998. The study also uses a stochastic translog cost frontier to generate improved estimates of total factor productivity (TFP) growth. The results indicate negative unidirectional causality running from both price series to mining productivity growth. Regression analysis further shows that domestic inflation has a small but adverse effect on mining productivity growth, thus providing some empirical support for Australia's 'inflation first' monetary policy, at least with respect to the mining sector. Inflation in mineral price, on the other hand, has a greater negative effect on mining productivity growth via mineral export growth.
Keyword Productivity
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status UQ
Additional Notes Available online 26 November 2004.

Document type: Journal Article
Sub-type: Article (original research)
Collections: Excellence in Research Australia (ERA) - Collection
2006 Higher Education Research Data Collection
School of Economics Publications
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Citation counts: TR Web of Science Citation Count  Cited 3 times in Thomson Reuters Web of Science Article | Citations
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Created: Wed, 15 Aug 2007, 03:39:49 EST