Suchergebnisse

Each of the eight working groups of the strategic partnership "Productivity of Services" has produced a productivity guideline as its central result, via intensive exchanges and interdisciplinary cooperation among the stakeholders involved. Each guideline presents productivity scenarios, practice-oriented examples and recommendations for action.

Cover -- Half-title -- Title -- Copyright -- Dedication -- Contents -- List of figures -- List of tables -- Acknowledgements -- Glossary of terms and company names -- 1 Introduction and overview -- Introduction -- Comparative labour productivity in manufacturing -- Technical choice -- Industry studies -- Conclusions -- Part 1: measuring comparative productivity performance -- 2 International comparisons of productivity in manufacturing: benchmark estimates by industry -- Introduction -- The benchmark estimates -- Comparative productivity and comparative advantage -- Conclusions -- 3 Labour productivity in aggregate manufacturing: Britain, the United States and Germany -- Introduction -- Methodology -- Results -- Conclusions -- 4 Extending the picture: manufacturing productivity in other industrialised countries -- Introduction -- Labour productivity in manufacturing -- Conclusions -- 5 Manufacturing and the whole economy -- Introduction -- Reconciling the manufacturing and whole economy estimates -- Implications for growth and convergence -- Conclusions -- Part 2: explaining comparative productivity performance -- 6 Technology -- Introduction -- Historical models of technology and growth -- A model of technical choice and productivity -- Overview and concluding comments -- 7 Economic geography: markets and natural resources -- Introduction -- Demand -- Natural resources -- Conclusions -- 8 Accumulation of physical and human capital -- Introduction -- Accumulation of physical capital -- Accumulation of human capital -- Conclusions -- 9 Competition and adjustment -- Introduction -- Competition in product markets -- Competition in labour markets -- Competition in capital markets -- Adjustment of accumulation strategy and the role of competition -- Conclusions -- Part 3: reassessing the performance of British industry

AbstractSince the turn of the century, multifactor productivity has stagnated. Australia's income growth was supported until recent years by strong growth in the terms of trade and investment, but the terms of trade have been falling since 2011, and investment is slowing. To maintain at least the modest growth rate of the last decade, long term multifactor productivity growth needs to recover. The last decade or so has seen productivity challenges arising from natural resource depletion, as new mines were more costly to develop, and as technological replacements for environmental services, such as desalinisation plants, were increasingly introduced. Lags in the time required to bring major investments online also contributed to the poor performance. More broadly, shifts in tastes and technology have delivered quality improvements to consumers without increases in price commensurate to the additional inputs required, a trend that dampens nominal GDP growth and measured productivity.