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Labour productivity trends in Australian manufacturing : some time series properties

Bhattacharya, Mita and Narayan, Paresh Kumar 2008, Labour productivity trends in Australian manufacturing : some time series properties, Applied economics, vol. 42, no. 25, pp. 3221-3230.

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Title Labour productivity trends in Australian manufacturing : some time series properties
Author(s) Bhattacharya, Mita
Narayan, Paresh Kumar
Journal name Applied economics
Volume number 42
Issue number 25
Start page 3221
End page 3230
Publisher Routledge
Place of publication London, England
Publication date 2008-08-22
ISSN 0003-6846
1466-4283
Summary Labour productivity plays a significant role in economic growth, labour demand and employment situation of a particular economy. In this light, the presence of a structural break in productivity, and its unit root property, has important consequences for the overall economy and in major sectors such as manufacturing. In this article, using some recently developed unit root tests, we examine: (i) the null hypothesis of a unit root in the log-level of labour productivity for 38 manufacturing subdivisions against the alternative of trend stationarity over a three-decade period; and (ii) the presence of a structural break in the series, and whether the break has had a permanent or a transitory effect on manufacturing labour productivity. Our main finding is that shocks to labour productivity have had a transitory effect, implying that policies are likely to have only short-term effects.
Language eng
Field of Research 140211 Labour Economics
Socio Economic Objective 910404 Productivity (excl. Public Sector)
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2008, Taylor & Francis
Persistent URL http://hdl.handle.net/10536/DRO/DU:30024684

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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