State-contingent analysis of productivity, efficiency and innovation. Productivity growth is a fundamental precondition for sustainable improvements in living standards. The main drivers of productivity growth are technological innovation and improvements in the efficiency of resource use. Effective public policy in this area requires identification of these components. This project develops improved productivity measurement methods that are applicable in economic environments characterised b ....State-contingent analysis of productivity, efficiency and innovation. Productivity growth is a fundamental precondition for sustainable improvements in living standards. The main drivers of productivity growth are technological innovation and improvements in the efficiency of resource use. Effective public policy in this area requires identification of these components. This project develops improved productivity measurement methods that are applicable in economic environments characterised by production and/or demand uncertainty. The methods will be used to obtain improved estimates of rates of innovation and changes in the relative efficiency of selected Australian enterprises. The empirical results will inform National Competition Policy and the process of microeconomic reform.Read moreRead less
Measurement and Sources of Productivity Growth under Imperfect Competition. The relative growth performance of countries using net output will free comparisons from the contentious and differing adjustments made by many statistical agencies in an attempt to take account of quality change in capital goods. Thus, Australia will have a better understanding of its relative performance in terms of growth, and thus be better positioned to make informed policy decisions. In addition, whether producti ....Measurement and Sources of Productivity Growth under Imperfect Competition. The relative growth performance of countries using net output will free comparisons from the contentious and differing adjustments made by many statistical agencies in an attempt to take account of quality change in capital goods. Thus, Australia will have a better understanding of its relative performance in terms of growth, and thus be better positioned to make informed policy decisions. In addition, whether productivity growth is mainly driven by technical progress or returns to scale, and the size of monopolistic markups, has a large bearing on how we view the performance of an economy and its potential for future growth.Read moreRead less