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Articles on Productivity

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There are vast opportunities for firms to improve productivity at the enterprise level. Image from www.shutterstock.com

How individual firms can solve the ‘productivity paradox’

Commentators are urging government and others to do whatever they can to improve productivity in Australia because it is a key driver of prosperity, living standards and national wealth. While recent reports…
Confronted with poor productivity growth and middling economic performance, it’s time for Australia’s managers to step up their game and skill up. Image from www.shutterstock.com

Productivity growth provides a reality check for the lucky country

As Australian economists and thought leaders continue to ponder what will happen when the resources boom ends, declining productivity levels are causing alarm. According to the global survey by the Economist…
A poor report card on Australia’s productivity carried some obvious flaws. Flickr

Gloomy productivity report hides some fatal flaws

This week’s global report ranking Australia’s productivity growth performance second-last on a list of 51 countries raised eyebrows and prompted calls for urgent action. The Australian Human Resources…
If the government is serious about maintaining its economic prosperity into the future, it needs to address Australia’s historically poor productivity growth. Ann Douglas

Australia’s productivity problem: why it matters

The majority of Australians would prefer higher living standards. This can take the form of better access to better healthcare services and education, better environmental outcomes, more time for friends…
There is no feasible set of adjustments around labour reform or productivity enhancements that will offset the loss of international competitiveness being experienced by the non-resources sector.

Ken Henry: why Australia’s non-mining sector will continue to struggle

A new approach to tackling the structural effects of Australia’s record terms of trade on non-mining industries is needed from both business and government, argues one of Australia’s most eminent economists…
Robert F Kennedy thought it a mistake to equate success with what we produce. RFK Wharehouse

There’s more to good policy than increasing GDP

Economists are regularly criticised for worrying about gross domestic product (GDP) and similar measures. The classic statement of the case was by Robert F Kennedy: “Too much and too long, we seem to have…
Increasing workforce participation of women and older people could increase Australia’s GDP by $50 billion. AAP

How can Australian governments change the game for economic growth?

If Australian governments are serious about raising rates of economic growth, they must reform the tax mix and increase the workforce participation rates of women and older people. Each of these reforms…
Australia’s global competitiveness has slipped, according to a global study: but it is worth exploring some of its assumptions. AAP

World competitiveness rankings: what do they tell us?

The IMD World Competitiveness Rankings released this week are worth reflecting on, not so much because of the relative positioning of various countries - including Australia - but rather because of the…
Young men with mental health problems take an average of 9.5 extra days off work each year. PixieClipx

Bottom line on young men’s mental health shows high cost of inaction

Mental illness in young men costs the Australian economy $3.27bn a year in lost productivity, according to a report released today by the Inspire Foundation and Ernst & Young. The report, titled Counting…
Improving the transparency and evaluation of major infrastructure projects is one way to increase productivity. AAP

Budget provides a chance to carve out the path to higher productivity

Productivity growth results in more valued output per unit of production input, or the same output for fewer inputs. Growth of productivity requires changes involving the adoption of new technology, better…
Graeme Samuel and Stephen King: two of Australia’s most senior regulators sit down together for The Conversation.

Graeme Samuel: We’ve lost principled, analytical debate in this country

What happens when two of Australia’s best known former competition regulators sit down together and talk about the world? A wide-ranging discussion on the state of Australia’s political debate, xenophobia…
Managing Director of Google Australia and New Zealand Nick Leeder. AAP/Lukas Coch

Google boss: let internet flourish to boost productivity

The annual $27-billion boost to Australia’s productivity from internet innovation is at threat from policymakers who would rather restrict online access than embrace it, Google’s Australia boss has warned…
The future of Australia’s manufacturing sector will be the focus of today’s Jobs Summit. AAP

Jobs Summit: making a future for manufacturing

Hot on the heels of the Tax Forum in Canberra is today’s Jobs Summit, which is expected to concentrate on the pressing issues facing manufacturing. Dean of UTS Business School Professor Roy Green, who…
Tony Abbott has tough decisions to make on workplace reform before the next election. AAP

A return to WorkChoices: Why is business trying to hammer it home?

In one of the most significant moments of the 2010 federal election campaign, Opposition Leader Tony Abbott declared the Coalition’s unpopular WorkChoices policy “dead, buried, cremated.” In an interview…
Record terms of trade have masked dropping productivity growth - until now. AAP

Australia’s productivity: what can be done?

What is to be done about Australia’s deteriorating productivity performance? It’s by no means inconceivable that the answer to this question could be “nothing”. Historical precedent strongly suggests Australians…

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