The Australian Multi-Factor Productivity Growth Illusion

Foster, John (2015) The Australian Multi-Factor Productivity Growth Illusion. Australian Economic Review, 48 1: 33-42. doi:10.1111/1467-8462.12089


Author Foster, John
Title The Australian Multi-Factor Productivity Growth Illusion
Journal name Australian Economic Review   Check publisher's open access policy
ISSN 0004-9018
1467-8462
Publication date 2015-03-01
Year available 2015
Sub-type Article (original research)
DOI 10.1111/1467-8462.12089
Open Access Status Not yet assessed
Volume 48
Issue 1
Start page 33
End page 42
Total pages 10
Place of publication Richmond, VIC, Australia
Publisher Wiley-Blackwell Publishing
Language eng
Abstract Over the past decade, Australian multi-factor productivity growth has been predominantly negative, often leading to the view that there is a ‘productivity problem’. It is shown that it is not a useful measure and is thus misleading. Exploratory econometric investigations suggest that economies of scale are the primary drivers of productivity growth. However, more research needs to be undertaken to understand the determinants of these economies of scale before any new policy to promote productivity growth is designed. There needs to be greater understanding of the underlying process of innovation that gives rise to economies of both scale and scope.
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2016 Collection
School of Economics Publications
 
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Created: Wed, 13 Jan 2016, 03:12:03 EST by Alys Hohnen on behalf of School of Economics