{
  "title": "Does Technological Diffusion Explain Australia’s Productivity Performance?",
  "publication": "IMF Working Papers, January 1, 2008",
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  "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.",
  "sections": [
    {
      "heading": "Summary and main findings",
      "content": "- 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.\n- Uses a simple convergence empirical framework to show that, on average, convergence of MFP within industries across countries has \"slowed-down in the 1990s.\"\n- Finds that Australian industries have \"significantly caught-up with industry productivity best practices over the past 16 years.\"\n- Reports that Australian industries \"have benefited from the diffusion of Information and Communication Technologies (ICTs).\"\n- Concludes that reforms of both the labor and product markets since the early 1990s can explain Australia's productivity performance and adoption of ICTs."
    },
    {
      "heading": "Methodology",
      "content": "- Empirical approach: simple convergence framework applied to industry-level MFP across 15 OECD countries.\n- Sample period: 1980 to 2003.\n- Focus: product market policies, labor market policies, technological diffusion (including ICTs), and multi-factor productivity (MFP)."
    },
    {
      "heading": "Policy-relevant implications",
      "content": "- Labor market reforms since the early 1990s are identified as explanatory factors for Australia’s productivity performance.\n- Product market reforms since the early 1990s are identified as explanatory factors for Australia’s productivity performance.\n- Diffusion of Information and Communication Technologies (ICTs) is linked to the observed catch-up in Australian industry productivity.\n\n---\n\n Content in this bundle\n\n- 6. Australian Industries MFP Levels\n  - 6. Australian Industries MFP Levels (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 6. Australian Industries MFP Levels (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/does-technological-diffusion-explain-australias-productivity-performance-21550"
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    "Authors: Thierry Tressel",
    "Published: January 1, 2008",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451868661.001",
    "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.",
    "Uses a simple convergence empirical framework to show that, on average, convergence of MFP within industries across countries has \"slowed-down in the 1990s.\"",
    "Finds that Australian industries have \"significantly caught-up with industry productivity best practices over the past 16 years.\"",
    "Reports that Australian industries \"have benefited from the diffusion of Information and Communication Technologies (ICTs).\"",
    "Concludes that reforms of both the labor and product markets since the early 1990s can explain Australia's productivity performance and adoption of ICTs.",
    "Empirical approach: simple convergence framework applied to industry-level MFP across 15 OECD countries.",
    "Sample period: 1980 to 2003.",
    "Focus: product market policies, labor market policies, technological diffusion (including ICTs), and multi-factor productivity (MFP).",
    "Labor market reforms since the early 1990s are identified as explanatory factors for Australia’s productivity performance.",
    "Product market reforms since the early 1990s are identified as explanatory factors for Australia’s productivity performance.",
    "Diffusion of Information and Communication Technologies (ICTs) is linked to the observed catch-up in Australian industry productivity.",
    "**6. Australian Industries MFP Levels**"
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