Real wages, inflation and labour productivity in Australia

Kumar, Saten; Webber, Don J.; Perry, Geoff

doi:10.1080/00036846.2011.568405

Cited by 36 publications

(32 citation statements)

References 52 publications

(48 reference statements)

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“…They found that a 1% increase in real wages is correlated with a 0.6% increase in productivity for the panel as a whole. Similar results were obtained by Kumar et al (2012) who applied cointegration and structural tests to Australian data over the 1965 to 2007 period and got the result that a 1% increase in manufacturing sector real wages related to a 0.5% to 0.8% increase in manufacturing labour productivity. Srour et al (2006) performed statistical analyses to explore what the US construction industry values in its workers, as reflected in both hourly wages and average annual income.…”

Section: Wage Differentialssupporting

confidence: 81%

An analysis of construction productivity differences between Canada and the United States

Nasir

Ahmed

Haas

et al. 2013

Construction Management and Economics

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Comparisons of industry sectors in advanced economies since the 1960s show that the construction sector has lagged in productivity growth rates, especially in the United States. Although the US and Canadian economies are highly integrated, Canada's experience differs in key ways. Analysis of these differences offers insight into fundamental construction productivity drivers. Three levels of analyses of construction productivity in the US are provided in this study. The first analysis compared international levels of labour productivity growth. The second compared construction productivity between the US and Canada, and the third analysed cost estimating data from RS Means estimating manuals to measure the changes in labour and partial factor productivity in the US from 1995 to 2009. Statistical significance testing indicates that labour productivity remained nearly constant in the building sub-sector and that partial factor productivity has improved at an annual compound rate of 0.66%. This supports previous findings that US construction has stagnated but is still improving in Canada, with wage differentials and training systems as potential drivers of this difference. While growth rates of productivity seem to decline with higher absolute levels of productivity, there is no evidence that high absolute productivity levels preclude significant growth.

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Section: Wage Differentialssupporting

confidence: 81%

An analysis of construction productivity differences between Canada and the United States

Nasir

Ahmed

Haas

et al. 2013

Construction Management and Economics

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“…7 See, for instance, Romer (1990) and Grossman and Helpman (1994) for details. 8 Some of the recent ones include Banerji and Dua (2004), Narayan andSmyth (2009), Kim, Lim, andPark (2013), Kumar, Webber, and Perry (2012) and Tang (2014). 9 See for instance, Fase and Abma (2003), Estrada, Park, and Ramayandi (2010), Bakaert et al (2009), Ang and Madsen (2013) and Timmer and Vries (2013).…”

Section: Discussionmentioning

confidence: 99%

“…Some of the recent ones include Banerji and Dua (), Narayan and Smyth (), Kim, Lim, and Park (), Kumar, Webber, and Perry () and Tang ().…”

mentioning

confidence: 99%

Determinants of labour productivity: Comparison between developing and developed countries of Asia‐Pacific

Dua

Garg

2019

Pacific Economic Review

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The current study investigates the trends in labour productivity of the major developing and developed economies of the Asia‐Pacific region and examines its determinants over the period 1980–2014. The study analyses capital deepening, human capital, technology, share of agriculture in GDP, financial development, institutional quality, inflation as well as macroeconomic variables as potential determinants of productivity, and identifies the differences in the impact of these factors on the productivity of developing and developed countries. Using panel cointegration and group‐mean fully modified ordinary least squares estimation, the study finds that capital deepening, human capital, technology, institutional quality and macroeconomic variables (i.e. government size and openness) are significant determinants of labour productivity of both developing and developed economies of the Asia‐Pacific region. The study further finds that while both trade openness and foreign direct investment affect productivity of developing economies positively, only trade openness has a positive and significant impact on the productivity of developed economies. The share of agriculture in GDP affects the labour productivity of developing Asia‐Pacific economies significantly but not that of developed economies. Furthermore, capital deepening has a much higher impact on the productivity of developing Asia‐Pacific economies than that of developed economies.

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“…The aim is to improve the knowledge of these variables due to their complexity and interrelation between them. According to Kumar et al (2012), the analysis of this mutual connection can provide policy directions for productivity improvement, inflation testing and consumption strengthening.…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Real wages, inflation, and labor productivity: Evidences from Bulgaria and Romania

Dritsaki

2016

JEFS

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Real wages, inflation and labour productivity in Australia

Cited by 36 publications

References 52 publications

An analysis of construction productivity differences between Canada and the United States

An analysis of construction productivity differences between Canada and the United States

Determinants of labour productivity: Comparison between developing and developed countries of Asia‐Pacific

Real wages, inflation, and labor productivity: Evidences from Bulgaria and Romania

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