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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]

dc.contributor.authorBreunig, Robert
dc.contributor.authorWong, Marn-Heong
dc.date.accessioned2015-12-08T22:22:31Z
dc.identifier.issn0013-0249
dc.identifier.urihttp://hdl.handle.net/1885/32596
dc.description.abstractAustralian 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.publisherBlackwell Publishing Ltd
dc.sourceThe Economic Record
dc.subjectKeywords: economic conditions; estimation method; industrial production; modeling; panel data; productivity; Australasia; Australia
dc.titleA Richer Understanding of Australia's Productivity Performance in the 1990s: Improved Estimates Based Upon Firm-level Panel Data
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume84
dc.date.issued2008
local.identifier.absfor140304 - Panel Data Analysis
local.identifier.absfor140209 - Industry Economics and Industrial Organisation
local.identifier.absfor140202 - Economic Development and Growth
local.identifier.ariespublicationu8410019xPUB93
local.type.statusPublished Version
local.contributor.affiliationBreunig, Robert, College of Business and Economics, ANU
local.contributor.affiliationWong, Marn-Heong, University of Adelaide
local.description.embargo2037-12-31
local.bibliographicCitation.issue265
local.bibliographicCitation.startpage157
local.bibliographicCitation.lastpage176
local.identifier.doi10.1111/j.1475-4932.2008.00460.x
dc.date.updated2015-12-08T08:45:12Z
local.identifier.scopusID2-s2.0-44849113448
local.identifier.thomsonID000256442400002
CollectionsANU Research Publications

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