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The productivity conundrum: Currrent thinking and future trends
The Conversation, Vol.21 December 2012
The Conversation Media Group
2012
Abstract
Looking back over the analysis and opinion offered by academics for The Conversation this year, this is probably the one area of shared agreement. Various themes emerge that plot a trajectory from the macro to the micro which will be instructive for the debate which is only likely to intensify next year.
From a big picture point of view, the understanding of the productivity problem is vague. Some writers relate to the productivity issue as being an end in itself, while others acknowledge that productivity, just as innovation and competitiveness are all means to an end. What is agreed is that the end objective should be an aspiring to sustain higher standards of living, higher GDP per capita and overall prosperity.
To achieve this end goal, the government continues to grapple with market and industrial relations issues, business (de)regulation, achieving a balance between propping up less competitive sectors or creating new ones and fiscal policy - to name a few.
Details
- Title
- The productivity conundrum: Currrent thinking and future trends
- Authors/Creators
- C. Vas (Author/Creator)
- Publication Details
- The Conversation, Vol.21 December 2012
- Publisher
- The Conversation Media Group
- Identifiers
- 991005543888407891
- Copyright
- The Author
- Murdoch Affiliation
- Do not use- Former Murdoch Business School
- Language
- English
- Resource Type
- Other
- Publisher URL
- http://theconversation.com/au
- Resource Sub-type
- Nonrefereed Article
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