Growth and productivity in Australia
dc.contributor.author | Agbenyegah, Benjamin K. | |
dc.contributor.author | Bloch, Harry | |
dc.date.accessioned | 2017-01-30T14:30:01Z | |
dc.date.available | 2017-01-30T14:30:01Z | |
dc.date.created | 2008-11-12T23:36:40Z | |
dc.date.issued | 2008 | |
dc.identifier.citation | Agbenyegah, 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.uri | http://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.publisher | The Economic Society of Australia | |
dc.relation.uri | http://www.ace08.com.au/ | |
dc.subject | impulse response functions | |
dc.subject | Granger causality | |
dc.subject | human capital and ICT | |
dc.subject | economic growth | |
dc.subject | Australia | |
dc.subject | forecast error variance decomposition | |
dc.subject | cointegration | |
dc.subject | productivity | |
dc.title | Growth and productivity in Australia | |
dc.type | Conference Paper | |
dcterms.source.title | Proceedings of the 37th Australian Conference of Economists | |
dcterms.source.series | Proceedings of the 37th Australian Conference of Economists | |
dcterms.source.conference | 37th Australian Conference of Economists | |
dcterms.source.conference-start-date | 30 Sep - 3 Oct 2008 | |
dcterms.source.conferencelocation | Gold Coast, Queensland, Australia | |
dcterms.source.place | Queensland, Australia | |
curtin.identifier | EPR-3293 | |
curtin.accessStatus | Fulltext not available | |
curtin.faculty | Curtin Business School | |
curtin.faculty | School of Economics and Finance |