Privatization and economic growth in Australia: the shorthand of a long process

McKenzie, Margaret 2008, Privatization and economic growth in Australia: the shorthand of a long process, Applied economics, vol. 40, no. 15, pp. 1953-1967, doi: 10.1080/00036840600915257.

Attached Files
Name Description MIMEType Size Downloads

Title Privatization and economic growth in Australia: the shorthand of a long process
Author(s) McKenzie, Margaret
Journal name Applied economics
Volume number 40
Issue number 15
Start page 1953
End page 1967
Total pages 15
Publisher Chapman and Hall
Place of publication London, England
Publication date 2008-08
ISSN 0003-6846
Keyword(s) privatization
economic growth
Australian economy
Summary The impact of privatization on economic growth has been little investigated relative to disaggregated approaches. A growth accounting framework is used here to investigate the impact of privatization on growth for the  Australian economy. The contribution of public capital to the private sector and whether the growth process is endogenous or Solow is evaluated. Separate measures of public and private capital are computed in order to estimate their impacts with labour on Australian gross domestic product (GDP) growth for the period 1960 to 2003. A simple growth rates version is found preferred by stationarity and other tests. Labour growth appears to strongly positively influence the growth of GDP. In contrast, public capital growth has no statistically significant effect on GDP growth, or on private capital productivity. The data are consistent with the hypothesis that the coefficients of the growth equation are the same before and during privatization.
Language eng
DOI 10.1080/00036840600915257
Field of Research 140212 Macroeconomics (incl Monetary and Fiscal Theory)
Socio Economic Objective 910199 Macroeconomics not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
HERDC collection year 2007
Copyright notice ©2008, Taylor & Francis
Persistent URL

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
Connect to link resolver
Link to Related Work
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 0 times in TR Web of Science
Scopus Citation Count Cited 0 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 671 Abstract Views, 8 File Downloads  -  Detailed Statistics
Created: Mon, 29 Sep 2008, 08:54:46 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact