Can We Explain Australian Labour Productivity Growth? Some Evidence from AWIRS
G.V. Crockett
Abstract
G.V. Crockett
Abstract
In recent years the productivity performance of the Australian economy has been extraordinary. For example, in terms of labour productivity in the market sector, over the period 1988/89 to 1997/98, labour productivity growth has increased at an average rate of 2.5 percent per year. This paper uses two large data sets to empirically test some of the theoretical determinants of labout productivity growth in the Australian context.
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In recent years the productivity performance of the Australian economy has been extraordinary. For example, in terms of labour productivity in the market sector, over the period 1988/89 to 1997/98, labour productivity growth has increased at an average rate of 2.5 percent per year. This paper uses two large data sets to empirically test some of the theoretical determinants of labout productivity growth in the Australian context.
Key concepts: Productivity, Economics, Context (archaeology), Multifactor productivity, Labour economics, Macroeconomics, Total factor productivity, Geography