Microeconomic reform and productivity in Australia-boom or blip

McKenzie, Margaret 2005, Microeconomic reform and productivity in Australia-boom or blip, in ACE 2005 : Proceedings of the Australian Conference of Economists, 2005, [Economic Society of Australia], [Melbourne, Vic.], pp. 1-28.

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Title Microeconomic reform and productivity in Australia-boom or blip
Author(s) McKenzie, Margaret
Conference name Economic Society of Australia. Conference (34th : 2005 : Melbourne, Victoria)
Conference location University of Melbourne, Melbourne, Victoria
Conference dates 26-28 Sep. 2005
Title of proceedings ACE 2005 : Proceedings of the Australian Conference of Economists, 2005
Editor(s) Dixon, Robert
Publication date 2005
Conference series Economic Society of Australia Conference
Start page 1
End page 28
Publisher [Economic Society of Australia]
Place of publication [Melbourne, Vic.]
Keyword(s) macroeconomic
growth
productivity
time series
public policy
Summary The impact of microeconomic reform in Australia as indicated by aggregate productivity growth estimates is examined. Aggregate evaluations are few. The Productivity Commission / Australian Bureau of Statistics estimates of ‘market sector MFP’ since the mid 1960s showing recent increasing productivity growth for the Australian economy are examined. ‘Market sector’ series for 62 per cent of the economy are reconstructed for whole economy. The whole economy estimates add support to a spike shown in ‘multifactor’ productivity growth in the 1990s rather than sustained increase with a microeconomic reform as a factor. Simple regression estimates support the point findings and indicate the presence of unknown factors and cyclicality in the estimates.
Language eng
Field of Research 140212 Macroeconomics (incl Monetary and Fiscal Theory)
Socio Economic Objective 970114 Expanding Knowledge in Economics
HERDC Research category E1 Full written paper - refereed
Persistent URL http://hdl.handle.net/10536/DRO/DU:30005616

Document type: Conference Paper
Collection: School of Accounting, Economics and Finance
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