Does Technological Diffusion Explain Australia’s Productivity Performance?

This paper analyzes the impact of product and labor market policies on technological diffusion and multi-factor productivity (MFP) in a panel of industries in 15 OECD countries over the period 1980 to 2003, with a special focus on Australia. We use a simple convergence empirical framework to show th...

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Bibliographic Details
Main Author: Tressel, Thierry
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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260 |a Washington, D.C.  |b International Monetary Fund  |c 2008 
300 |a 42 pages 
651 4 |a Australia 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Productivity 
653 |a Capital and Total Factor Productivity 
653 |a Cost 
653 |a Commodity exchanges 
653 |a Industrial productivity 
653 |a Production 
653 |a Aggregate Labor Productivity 
653 |a Unemployment 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Total factor productivity 
653 |a Aggregate Human Capital 
653 |a Information technology in revenue administration 
653 |a Macroeconomics: Production 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Macroeconomics 
653 |a Wages 
653 |a Capacity 
653 |a Commodity markets 
653 |a Intergenerational Income Distribution 
653 |a Public Finance 
653 |a Finance: General 
653 |a Revenue 
653 |a Employment 
653 |a Capital productivity 
653 |a Production and Operations Management 
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520 |a This paper analyzes the impact of product and labor market policies on technological diffusion and multi-factor productivity (MFP) in a panel of industries in 15 OECD countries over the period 1980 to 2003, with a special focus on Australia. We use a simple convergence empirical framework to show that, on average, convergence of MFP within industries across countries has slowed-down in the 1990s. In contrast, Australian industries have significantly caught-up with industry productivity best practices over the past 16 years, and have benefited from the diffusion of Information and Communication Technologies (ICTs). We show that reforms of both the labor and product markets since the early 1990s can explain Australia's productivity performance and adoption of ICTs