Discussion of Microeconomic Policies and Structural Change
نویسندگان
چکیده
My comments may be summarised by an inversion of Solow’s famous comment that the information technology productivity miracle can be seen everywhere but in the productivity statistics. By contrast, the Australian productivity miracle can be seen only in the productivity statistics. The lesson of everyday life is that people are running harder to stay in the same place. More formally, an increase in the intensity of work has only partially offset a continued decline in the underlying rate of productivity growth.
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