Capital Stock, Labour Productivity and Per Capita Output in the States of Australia, 1984/5 - 2003/4

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Title Capital Stock, Labour Productivity and Per Capita Output in the States of Australia, 1984/5 - 2003/4
Author Smith, Christine Ann; Nguyen, Tom
Journal Name Australasian Journal of Regional Studies
Editor Christine Smith
Year Published 2007
Place of publication Wollongong
Publisher ANZRSAI
Abstract This paper uses newly available estimates of the capital stock to explore the role of capital in the economic performance of the various states of Australia, in terms of gross state product per capita and labour productivity. A variant of standard growth decomposition methodology is used, allowing distinction to be made between the impact of changes in the output-to-capital ratio and that of capital deepening (an increase in the capital-to-labour ratio). Both of these factors are found to have played important roles in determining output and labour productivity growth. Analysis is also made of estimates of the capital stock disaggregated by type. The results suggest that interstate variations in the private-sector components of the capital stock, particularly those categorised as 'machinery and equipment' and 'non dwelling construction', have been more influential on relative performances with respect to aggregate output growth than those associated with the public-sector components.
Peer Reviewed Yes
Published Yes
Publisher URI http://www.anzrsai.org/page/publications/ajrs/
Alternative URI http://www.anzrsai.org/system/files/f8/f4/f37/f41/o296//Nguyen%20and%20Smith.pdf
Volume 13
Issue Number 2
Page from 181
Page to 204
ISSN 1324-0935
Date Accessioned 2008-02-28
Date Available 2009-10-29T06:23:41Z
Language en_AU
Faculty Griffith Business School
Subject PRE2009-Economic Development and Growth; PRE2009-Public Sector Economics
URI http://hdl.handle.net/10072/18190
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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