07109oam 22013934 450 991095611510332120251116183910.0978661382546997814623093991462309399978145271277214527127789781283513012128351301397814519131941451913192(CKB)3360000000443538(EBL)1607691(SSID)ssj0000949370(PQKBManifestationID)11598651(PQKBTitleCode)TC0000949370(PQKBWorkID)10997921(PQKB)10866949(OCoLC)560672904(MiAaPQ)EBC1607691(IMF)WPIEE2008004(IMF)WPIEA2008004WPIEA2008004(EXLCZ)99336000000044353820020129d2008 uf 0engurcn|||||||||txtccrDoes Technological Diffusion Explain Australia’s Productivity Performance? /Thierry Tressel1st ed.Washington, D.C. :International Monetary Fund,2008.1 online resource (44 p.)IMF Working Papers"January 2008."9781451868661 1451868669 Includes bibliographical references (p. 24-27).Contents; I. Introduction; II. Productivity Performance and Reforms in Australia; A. Australian Productivity Performance since 1990: Key Facts; Figures; 1. Australia's Productivity Performance; 2. Investments in Information and Communication Technologies; 3. Sectoral Contributions to Real GDP Growth; B. The Reform Process in Australia; 4. Employment Protection Legislations in OECD Countries; III. Empirical Model and Data Description; A. Theory; 5. Product Market Reforms in Australia; B. Empirical Specification; C. The Long-Run Impact of Covariates X on MFP and Capital-Labor Ratio LevelsD. Data Sources and Methodology Tables; 1. Sectoral Decomposition; E. Growth Accounting; F. Level Accounting; G. Exchange Rates for International Comparisons; IV. Empirical Analysis; A. A First Look at the Data; B. Regression Results; C. Robustness Tests; D. Do Reforms Explain Australia's Productivity Performance?; E. Other Determinants of MFP Convergence: the Role of Human Capital and R&D ..; V. Conclusion; References; 2. Summary Statistics (1980-2003); 3. Correlations; 4. Multi-Factor Productivity Leaders; 6. Australian Industries MFP Levels (relative to U.S.)5. Convergence of Australian Industries' Technology Level in a Panel of OECD Countries 6. Impact of Product Market Regulations of MFP Growth; 7. Impact of Labor Market Institutions on MFP Growth; 8. Disentangling the Effects of Product and Labor Market Institutions on MFP Growth; 9. Impact of Labor and Product Market Institutions on ICT Capital Deepening; 10. Predicted Impact of Product and Labor Market Reforms; 11. Controlling for Other Determinants of MFP Growth; Appendixes; I. The Impact of Product and Labor Market Institutions on Labor Productivity; II. Dropping Countries One by OneIII. Regressions with 3-year AveragesThis paper analyzes the impact of product and labor market policies on technological diffusion and multi-factor productivity (MFP) in a panel of industries in 15 OECD countries over the period 1980 to 2003, with a special focus on Australia. We use a simple convergence empirical framework to show that, on average, convergence of MFP within industries across countries has slowed-down in the 1990s. In contrast, Australian industries have significantly caught-up with industry productivity best practices over the past 16 years, and have benefited from the diffusion of Information and Communication Technologies (ICTs). We show that reforms of both the labor and product markets since the early 1990s can explain Australia's productivity performance and adoption of ICTs.IMF Working Papers; Working Paper ;No. 2008/004Industrial productivityAustraliaEconometric modelsTechnological innovationsAustraliaEconometric modelsManpower policyAustraliaEconometric modelsAggregate Human CapitalimfAggregate Labor ProductivityimfCapacityimfCapital and Total Factor ProductivityimfCapital productivityimfCommodity exchangesimfCommodity marketsimfCostimfEmploymentimfFinanceimfFinance: GeneralimfGeneral Financial Markets: General (includes Measurement and Data)imfIndustrial productivityimfInformation technology in revenue administrationimfIntergenerational Income DistributionimfMacroeconomicsimfMacroeconomics: ProductionimfProduction and Operations ManagementimfProductionimfProductivityimfPublic finance & taxationimfPublic FinanceimfRevenueimfTaxation, Subsidies, and Revenue: GeneralimfTotal factor productivityimfUnemploymentimfWagesimfAustraliaimfIndustrial productivityEconometric models.Technological innovationsEconometric models.Manpower policyEconometric models.Aggregate Human CapitalAggregate Labor ProductivityCapacityCapital and Total Factor ProductivityCapital productivityCommodity exchangesCommodity marketsCostEmploymentFinanceFinance: GeneralGeneral Financial Markets: General (includes Measurement and Data)Industrial productivityInformation technology in revenue administrationIntergenerational Income DistributionMacroeconomicsMacroeconomics: ProductionProduction and Operations ManagementProductionProductivityPublic finance & taxationPublic FinanceRevenueTaxation, Subsidies, and Revenue: GeneralTotal factor productivityUnemploymentWages338.900153535Tressel Thierry1804345International Monetary Fund.Research Department.DcWaIMFBOOK9910956115103321Does Technological Diffusion Explain Australia’s Productivity Performance4371803UNINA