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A Richer Understanding of Australia's Productivity Performance in the 1990s: Improved Estimates Based Upon Firm-level Panel Data

Breunig, Robert; Wong, Marn-Heong

Description

Australian industry is characterised by differences across firms, entry of new firms and exit of unsuccessful firms. These facts highlight the inappropriateness of measuring productivity using aggregate production functions based upon representative firms. In this study, we model heterogeneous firms which change over time. We model the interrelationship between productivity shocks, input choices and decisions to cease production. Firm-level data provides production function estimates for 25...[Show more]

CollectionsANU Research Publications
Date published: 2008
Type: Journal article
URI: http://hdl.handle.net/1885/32596
Source: The Economic Record
DOI: 10.1111/j.1475-4932.2008.00460.x

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