A Richer Understanding of Australia's Productivity Performance in the 1990s: Improved Estimates Based Upon Firm-level Panel Data
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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]
dc.contributor.author | Breunig, Robert | |
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dc.contributor.author | Wong, Marn-Heong | |
dc.date.accessioned | 2015-12-08T22:22:31Z | |
dc.identifier.issn | 0013-0249 | |
dc.identifier.uri | http://hdl.handle.net/1885/32596 | |
dc.description.abstract | 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 two-digit Australian industries. A new aggregation method for industry-level data allows us to separate productivity changes from output composition changes. Our study sheds new light on the Australian productivity performance. | |
dc.publisher | Blackwell Publishing Ltd | |
dc.source | The Economic Record | |
dc.subject | Keywords: economic conditions; estimation method; industrial production; modeling; panel data; productivity; Australasia; Australia | |
dc.title | A Richer Understanding of Australia's Productivity Performance in the 1990s: Improved Estimates Based Upon Firm-level Panel Data | |
dc.type | Journal article | |
local.description.notes | Imported from ARIES | |
local.identifier.citationvolume | 84 | |
dc.date.issued | 2008 | |
local.identifier.absfor | 140304 - Panel Data Analysis | |
local.identifier.absfor | 140209 - Industry Economics and Industrial Organisation | |
local.identifier.absfor | 140202 - Economic Development and Growth | |
local.identifier.ariespublication | u8410019xPUB93 | |
local.type.status | Published Version | |
local.contributor.affiliation | Breunig, Robert, College of Business and Economics, ANU | |
local.contributor.affiliation | Wong, Marn-Heong, University of Adelaide | |
local.description.embargo | 2037-12-31 | |
local.bibliographicCitation.issue | 265 | |
local.bibliographicCitation.startpage | 157 | |
local.bibliographicCitation.lastpage | 176 | |
local.identifier.doi | 10.1111/j.1475-4932.2008.00460.x | |
dc.date.updated | 2015-12-08T08:45:12Z | |
local.identifier.scopusID | 2-s2.0-44849113448 | |
local.identifier.thomsonID | 000256442400002 | |
Collections | ANU Research Publications |
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