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A Decomposition of Changes in Labour Productivity in Australia: 1970‐71 to 1989‐90*
Author(s) -
DIXON PETER B.,
McDONALD DAINA
Publication year - 1992
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.1992.tb01756.x
Subject(s) - productivity , economics , slowdown , unit (ring theory) , decomposition , production (economics) , labour economics , multifactor productivity , capital (architecture) , business cycle , total factor productivity , macroeconomics , geography , mathematics , economic growth , ecology , mathematics education , archaeology , biology
We show that business‐cycle phenomena, climatic conditions and industrial structure are important determinants of annual variations in Australia's labour productivity growth. Another finding is that Australia's productivity slowdown in the 1980s was associated with a reduction in capital growth per unit of labour. The methodology relies on production functions at the industry level We analyze the sensitivity of results to the specification of these functions.