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dc.contributor.authorAgbenyegah, Benjamin K.
dc.contributor.authorBloch, Harry
dc.date.accessioned2017-01-30T14:30:01Z
dc.date.available2017-01-30T14:30:01Z
dc.date.created2008-11-12T23:36:40Z
dc.date.issued2008
dc.identifier.citationAgbenyegah, Benjamin K. and Bloch, Harry. 2008. : Growth and productivity in Australia, in Alam, Khorshed (ed), 37th Australian Conference of Economists, 30 Sep - 3 Oct 2008. Gold Coast, Queensland, Australia: The Economic Society of Australia.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/39074
dc.description.abstract

This paper empirically investigates and identifies the main contributing factors to output and productivity growth in Australia for the period 1950-2005. Cointegration and a vector error-correction model are used along with Granger causality tests, impulse response functions and forecast error variance decomposition analyses to achieve these objectives. Accumulation of human capital and investments in information and communications technology (ICT) are identified as significant in the cointegration analysis of production in Australia and should be included in the long-run production relationship along with fixed capital and labour employed. The vector-error correction model estimates further provide evidence that human capital and ICT are important drivers of output growth in Australia, so their omission from standard productivity measures leads to inaccurate measures and may mislead policy formulation, planning and budgeting decisions.

dc.publisherThe Economic Society of Australia
dc.relation.urihttp://www.ace08.com.au/
dc.subjectimpulse response functions
dc.subjectGranger causality
dc.subjecthuman capital and ICT
dc.subjecteconomic growth
dc.subjectAustralia
dc.subjectforecast error variance decomposition
dc.subjectcointegration
dc.subjectproductivity
dc.titleGrowth and productivity in Australia
dc.typeConference Paper
dcterms.source.titleProceedings of the 37th Australian Conference of Economists
dcterms.source.seriesProceedings of the 37th Australian Conference of Economists
dcterms.source.conference37th Australian Conference of Economists
dcterms.source.conference-start-date30 Sep - 3 Oct 2008
dcterms.source.conferencelocationGold Coast, Queensland, Australia
dcterms.source.placeQueensland, Australia
curtin.identifierEPR-3293
curtin.accessStatusFulltext not available
curtin.facultyCurtin Business School
curtin.facultySchool of Economics and Finance


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