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
Growth and Renewal in the United States: Retooling America's Economic Engine
2011
Beyond Austerity: A Path to Economic Growth and Renewal In Europe
2010
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
Growth and competitiveness in the United States: The role of its multinational companies
2010
How to Compete and Grow: a Sector Guide to Policy
2010
India's urban awakening: Building inclusive cities, sustaining economic growth
2010
Debt and Deleveraging: The Great Global Credit Bubble and Its Economic Consequences
2010
Lions on the move: The progress and poten...
2010
An Economy That Works: Job Creation and America's Future
2011