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In: The economy, key ideas
Productivity looms large in public policy discussions yet many find themselves hard-pressed to explain exactly what the term means. Even within economics, its nature and significance is contested and the focus of complex debate. Michael Haynes cuts through the jargon and political sloganeering to provide a detailed examination of the concept, how it is used and why it is held by economists to be so important in evaluating the health of economies.The book explores why productivity grows or fails to grow in certain contexts, in particular how real world variables can interact with measurements of efficiency and output. The difficulties of measuring its scope are examined alongside the larger question of whether growth in productivity is sustainable, both at the level of national economies and globally. Whether productivity remains the motor of economic growth that it once was and continues to be the most appropriate economic indicator for modern economies is shown to be a key consideration.For anyone searching for a clear, engaging and level-headed guide to one of the most important metrics for understanding economic growth, this book will be warmly welcomed.
In: Asia & the Pacific policy studies, Band 3, Heft 2, S. 173-186
ISSN: 2050-2680
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.
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.
BASE
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.
BASE
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.
BASE
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.
BASE
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.
BASE
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.
BASE
In: Public Productivity Review, Band 7, Heft 1, S. 68
In: World Development Report 2015: Mind, Society, and Behavior, S. 128-142
World Affairs Online