Beyond the boom: Australia's productivity imperative
Publisher Description
The scale of the expansion in mining and energy makes it difficult to assess the long-run prospects of Australia’s broader economy. Drawing on expertise from 20 years of productivity studies, this report develops a new analytical framework that acknowledges the complex structural shifts under way. It emphasises the distinct roles of capital and labour, and separates the terms of trade from output. The report discusses scenarios for future growth, finding that concerted action to boost productivity could deliver up to A$90 billion in additional income by 2017. But it also cautions that if productivity growth doesn’t recover, there is a risk that Australia could experience little or no income growth in the future.
More Books Like This
Beyond the Boom: A Lowy Institute Paper: Penguin Special
2014
The Productivity Puzzle: Restoring Economic Dynamism
2019
Beyond Austerity: A Path to Economic Growth and Renewal In Europe
2010
Growth and Renewal in the United States: Retooling America's Economic Engine
2011
A New Era of Transformation In Ghana
2011
Resource Revolution: Meeting the World's Energy, Materials, Food, and Water Needs
2011
More Books by McKinsey Global Institute, Charlie Taylor, Chris Bradley, Richard Dobbs, Fraser Thompson & Daniel Clifton
The Social Economy: Unlocking Value and Productivity Through Social Technologies
2012
Trading Myths: Addressing Misconceptions About Trade, Jobs, and Competitiveness
2012
The World At Work: Jobs, Pay, and Skills for 3.5 Billion People
2012
Urban world: Cities and the rise of the consuming class
2012
Disruptive Technologies: Advances That Will Transform Life, Business, and the Global Economy
2013
Resource Revolution: Meeting the World's Energy, Materials, Food, and Water Needs
2011