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Productivity Growth in Australian Manufacturing: A Vintage Capital Model


Bloch, HB and Madden, G, Productivity Growth in Australian Manufacturing: A Vintage Capital Model, International Journal of Manpower (UK), 16, (1) pp. 21-30. ISSN 0143-7720 (1995) [Refereed Article]

DOI: doi:10.1108/01437729510082768


Uses a model of technical change embodied in capital equipment to analyse average labour productivity growth. Determinants of productivity growth identified in this analysis are: (1) the rate of labour-saving technical change; (2) the differential in the rates of change of wages and the rental price of capital; and (3) the rate of growth of industry productive capacity. Finds evidence that each of the identified factors has a positive and statistically significant relationship to average labour productivity growth in a cross-section of Australian manufacturing industries.

Item Details

Item Type:Refereed Article
Research Division:Economics
Research Group:Applied economics
Research Field:Labour economics
Objective Division:Economic Framework
Objective Group:Management and productivity
Objective Field:Management
UTAS Author:Bloch, HB (Professor Harry Bloch)
ID Code:3601
Year Published:1995
Web of Science® Times Cited:2
Deposited By:Economics and Finance
Deposited On:1995-08-01
Last Modified:2011-08-22

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