Does Technological Diffusion Explain Australia's Productivity Performance?

 
Author/Editor: Tressel, Thierry
 
Publication Date: January 01, 2008
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: 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.
 
Series: Working Paper No. 08/4
Subject(s): Productivity | Australia | Labor markets

Author's Keyword(s): Australia | productivity | technology diffusion | labor market | product market
 
English
Publication Date: January 01, 2008
Format: Paper
Stock No: WPIEA2008004 Pages: 42
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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