Productivity Growth
Productivity growth is the most important determinant of long run improvements in any country's sustainable standard of living. After decades of decline relative to other countries, Australia substantially improved its productivity performance in the 1990s. However productivity growth has slowed substantially during the current decade.
Grattan Institute's Productivity Growth Program will seek to heighten public awareness of the importance of productivity growth to Australia's long-term well-being, and draw on original research, and the research and experience of others in Australia and abroad, to identify how public policy can contribute to reinvigorating Australia's long-run productivity performance.
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Program Reference Group
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Publications and News
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A Liveable City
Publication | 17 June 2010 | Cities
Melbourne often 'Tops the Pops' in the Most Liveable Cities of the World charts - but what don't those league tables look at? Jane-Frances Kelly and Helen Morrow explore the question of 'liveability' in an article published recently by the Victorian Council of Social Services.
| Economic Returns to Education
Event | 6 May 2010 | Education
What are the links between education and productivity? With the Australian school education system currently going through a major reform, Grattan Institute hosted a seminar which discussed the relationship between education and economic returns. Will the proposed education reforms make a difference to Australian productivity?
| An Analysis of Victoria's Labour Productivity Performance
Publication | 15 April 2010 | Productivity Growth
Saul Eslake addressed a seminar for Victorian public servants from the Department of Innovation, Industry and Regional Development, Treasury, Premier and Cabinet, and Planning and Community Development where he discussed An analysis of Victoria's labour productivity performance.
| Education Investment Better for Tasmanian Living Standards and Productivity
Publication | 11 March 2010 | Productivity Growth
A sustained focus on year 12 retention rates and school performance is needed to lift Tasmanian living standards. Although Tasmanian's outcomes have improved over the last 10 years, Tasmania has significantly lagged the mainland for decades on living standards, life expectancy, long-term unemployment, and disadvantaged children. A fundamental cause is that Tasmanian productivity is significantly behind the mainland in most industries. Productivity could be substantially higher if Tasmania lifted year twelve retention rates and school performance to mainland levels, along with curriculum reform.
| 2% Productivity Growth Target is a Worthy Objective
Publication | 2 February 2010 | Productivity Growth
Economic growth, in the sense of growth in the income derived from the production of goods and services, comes from four sources: from population growth; from growth in the proportion of the population employed in producing goods and services; from increases in the hours worked by those who are employed in producing goods and services; and from increases in the value of the goods and services produced by those in employment for each hour that they work.
| Productivity and Economic Reform - Address to the Economic Society
Publication | 4 December 2009 | Productivity Growth
Productivity is, as Reserve Bank Governor put it earlier this year, "the only real basis for optimism about future income". Or, as Paul Krugman famously put it, before he himself became as well-known as his columns in the New York Times and his Nobel Prize have since made him, productivity 'isn't everything, but in the long run it's nearly everything. Alan Blinder and William Baumol explain why: because 'nothing contributes more to reduction of poverty, to increases in leisure, and to the country's ability to finance education, public health, environment and the arts.
| After the Crisis: Social Policy Challenges
Publication | 5 November 2009 | Productivity Growth
Australian experience of the global financial crisis has turned out to be remarkably benign, both by comparison with that of most other advanced economies and with what was commonly expected in the early stages of the crisis.
| Key Challenges for Australian Economic Managers
Publication | 1 October 2009 | Productivity Growth
Australian economic policy makers face any number of challenges at the moment and it is not possible to do justice to them in 5-10 minutes.
| Aftermath of a Financial Crisis
Publication | 29 September 2009 | Productivity Growth
Aftermath of a financial crisis. Annual finsia and MCFS Banking and Finance Conference.
| The Shann Memorial Lecture
Publication | 19 August 2009 | Productivity Growth
Saul Eslake delivers the Shann Memorial Lecture at the University of Western Australia - Aug 2009.
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