Aggregate and Industry Productivity Estimates for Australia

Parham, Dean; Zheng, Simon

doi:10.1111/j.1467-8462.2006.00414.x

Cited by 9 publications

(9 citation statements)

References 4 publications

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“…What lay behind New Zealand and Australia's strong labour productivity performance? Productivity growth can be sourced (under certain assumptions) to changes in the capitallabour ratio and changes in multifactor productivity growth (Parham and Zheng 2006). An increase in the capital-labour ratio means essentially that labour is assisted with more machinery, buildings and equipment in the production process.…”

Section: Total Economy Versus Measured-sector Estimates Of Productivitymentioning

confidence: 99%

Do Workplace Contracts Harm Labour Productivity Growth? A Reconsideration of the Macroeconomic Evidence from New Zealand

Perry

2006

Australian Economic Review

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This article reconsiders the argument advanced or endorsed by a large number of leading Australian academics and others that labour productivity growth in New Zealand fell markedly during the period in which NewZealand's Employment Contracts Act 1991 (ECA) was operative-that is, for most of the 1990s. On the one hand, based on total economy estimates developed by The Conference Board and the Groningen Growth and Development Centre, labour productivity growth was unexceptional though a little higher than the New Zealand average of the last three decades or so. On the other hand, based on newly released official estimates of New Zealand's 'measured sector' (which accounts for about two-thirds of the total economy), labour productivity growth was almost identical to that of Australia during the ECA period. This in turn suggests that New Zealand's labour productivity growth rose markedly for the measured sector during the ECA years. All in all, the evidence presented in this article is inconsistent with claims that the period of the ECA was associated with relatively weak New Zealand productivity growth. Selected issues arising from these findings are briefly canvassed.

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Section: Total Economy Versus Measured-sector Estimates Of Productivitymentioning

confidence: 99%

Do Workplace Contracts Harm Labour Productivity Growth? A Reconsideration of the Macroeconomic Evidence from New Zealand

Perry

2006

Australian Economic Review

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“…Two commonly used measures of productivity are labour productivity (LP), computed as output divided by labour input, and multifactor productivity (MFP), measuring the amount of output produced from a combined unit of capital and labour (PC, 2010). "Partial" (single-input) productivity measures need to be interpreted carefully: labour productivity, in particular, does not capture solely workers' efficiency, but it is also affected by changes in capital intensity or other non-labour factors that influence output (Parham and Zheng, 2006;PC, 2010). MFP is a more comprehensive productivity measure accounting fully for both labour and capital input changes.…”

Section: Statistical Issues In Productivity Measurementmentioning

confidence: 99%

“…It is considered, in principle, as a better indicator of efficiency, though in some cases robust measures of capital input can be difficult to find (PC, 2009;. MFP growth can reflect various sources of production efficiency such as the diffusion of new technologies, changes in industry composition or economies of scale (Parham and Zheng, 2006).…”

Section: Statistical Issues In Productivity Measurementmentioning

confidence: 99%

Boosting Productivity in Australia

Koutsogeorgopoulou

Barbiero

2013

OECD Economics Department Working Papers

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Boosting productivity in Australia Australia's productivity growth has decelerated markedly around the turn of the century. Part of the decline is probably temporary, but raising multifactor productivity is key to ensure that living standards continue to grow strongly, especially if the currently strong terms of trade weaken over time. Recent efforts by the government are welcome. Ensuring responsive, high quality, vocational and higher education systems is indispensable to long-term growth. Raising the completion rate of vocational students, and enhancing the level of collaboration among the key innovation players are priorities. The productivityenhancing effects of infrastructure could be boosted by more effective and strategic planning, new sources of funding, and better use of existing capacity. Efficient pricing for infrastructure services and rapid progress towards harmonisation of regulations across states would boost competition and productivity.

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“…In each case the estimates of productivity appear to show a stagnation of growth in productivity. In the Australian case some studies have also shown that there has been a slowdown of productivity growth (see for instance: Parham and Zheng 2006;Li and Liu 2010;KPMG Econtech 2010).…”

Section: Past Measures Of Productivitymentioning

confidence: 99%

A comparative approach to determining the growth of productivity of the New Zealand construction industry

Abbott¹,

Carson

2013

CEB

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In recent years there has been increasing interest in the productivity and efficiency of the construction industry in New Zealand. In part this interest has manifested itself in the increased use of numerous statistical techniques to determine the productivity and efficiency of the industry. These efforts have, however, some degree of controversy. The purpose of this paper is, therefore, threefold. First it summarises the key structural findings that have been determined from past research into the construction industry in New Zealand. Secondly it makes some comparisons between the construction industry's productivity in New Zealand with that of the six states of Australia. Finally it also considers potential areas for potential future research.

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Aggregate and Industry Productivity Estimates for Australia

Cited by 9 publications

References 4 publications

Do Workplace Contracts Harm Labour Productivity Growth? A Reconsideration of the Macroeconomic Evidence from New Zealand

Do Workplace Contracts Harm Labour Productivity Growth? A Reconsideration of the Macroeconomic Evidence from New Zealand

Boosting Productivity in Australia

A comparative approach to determining the growth of productivity of the New Zealand construction industry

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