Discussion of Productivity: The Lost Decade
نویسنده
چکیده
The paper by Saul Eslake provides a thorough discussion of issues relating to productivity growth in Australia over the 2000s. Following a brief discussion of why productivity is important, the paper provides evidence of a fairly broad-based slowing in multifactor productivity growth across a range of countries over the 2000s, but argues that this slowing has been more pronounced in Australia. While the relatively weaker productivity growth in Australia can partly be attributed to developments in the mining and utilities sectors (see below), it is argued that the slowing in Australia’s productivity growth has nevertheless been broad based across industries. The paper cites a number of reasons for this: the fading impact of reforms in the 1980s and 1990s, such as deregulation of the labour and financial markets; the dearth of productivity-enhancing reforms in the 2000s; reduced emphasis on productivity due to generally prosperous economic conditions; deterioration in productivity growth as the economy moved towards full capacity; increased regulation; and a decline in Australia’s relative take-up of new technologies. It is argued that the deterioration in Australia’s productivity performance will act as a drag on living standards and place upward pressure on inflation, and a number of policy responses are outlined (see below).
منابع مشابه
Measuring and valuing the lost productivity due to knee osteoarthritis and its effective factors among military personnel
Background and Aim: Promoting productivity of military personnel has a key role in enhancing security-defense capabilities and reducing costs. Musculoskeletal disorders are one of the most common causes of disability and lost productivity of military personnel. The aim of this study was to measure the lost productivity due to knee osteoarthritis and identify its influencing factors in military ...
متن کاملProductivity costs and years of potential life lost associated with five leading causes of death: Evidence from Iran (2006-2010)
Background: Economic burden due to premature mortalities is significant both on health system and on the society as a whole. This study aimed to determine the productivity costs and years of potential life lost associated with five leading causes of death in Iran from 2006 to 2010. Methods: Data on mortality by sex and age-groups due to five main leading causes of death (m...
متن کاملA Study on Productivity Model of Supply Chain in Industrial Units by System Dynamic Approach
In this decade, due to the current competitive environment,reputation of industrial brands is markedly dependent upon theperformance of their supply chain. Therefore, it is necessary to examinethe factors affecting their supply chain so as to increase the competitivenessof their chain. Productivity is among the most important factorsin the advancement of industry and its evaluation requires the...
متن کاملPlastic Surgery and Acellular Dermal Matrix: Highlighting Trends from 1999 to 2013
The last decade has ushered in a rapidly expanding global discussion regarding acellular dermal matrix (ADM) applications, economic analyses, technical considerations, benefits, and risks, with recent emphasis on ADM use in breast surgery. This study aims to evaluate global trends in ADM research using bibliometric analysis. The top nine Plastic Surgery journals were determined by impact factor...
متن کامل