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
Robust Productivity Measurement: An Econometric Distance Function Approach. Accurate measures of productivity are required in a range of economic analyses. For example, in the assessment of the success of microeconomic reforms, or in price-cap regulation of utility and transport infrastructure firms. In this project we investigate the use of econometric distance functions as a means of obtaining improved productivity measures. This new approach addresses the main criticisms of alternative ap ....Robust Productivity Measurement: An Econometric Distance Function Approach. Accurate measures of productivity are required in a range of economic analyses. For example, in the assessment of the success of microeconomic reforms, or in price-cap regulation of utility and transport infrastructure firms. In this project we investigate the use of econometric distance functions as a means of obtaining improved productivity measures. This new approach addresses the main criticisms of alternative approaches, such as the single output restriction in the production function approach, the optimisation assumptions embedded in both the value dual approach and the Törnqvist index approach, and the statistical noise criticism of the data envelopment analysis approach.Read moreRead less
Determinants of Variations in Productivity Growth across the States of Australia: Aggregate and Sectoral Analyses. This research project will investigate factors which account for differences in economic and productivity growth performance across the states of Australia. This is a topic of considerable significance to academic researchers, policy-makers, and the public at large. The proposed project will be at the forefront of international research in two sub-areas, namely analysis of inters ....Determinants of Variations in Productivity Growth across the States of Australia: Aggregate and Sectoral Analyses. This research project will investigate factors which account for differences in economic and productivity growth performance across the states of Australia. This is a topic of considerable significance to academic researchers, policy-makers, and the public at large. The proposed project will be at the forefront of international research in two sub-areas, namely analysis of interstate productivity growth at a sectoral level, and measurement of productivity growth in services industries. It will break new ground in Australian research in two respects, namely estimation of state capital stocks, and analysis of total factor productivity on an interstate basis.
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