Multifactor productivity growth and the Australian mining sector
A commonly used, but unadjusted, measure of Australian mining multifactor productivity (MFP) fell by about one-third over the first decade of the mining boom, coinciding with very large increases in resource prices. Using growth accounting methods and our own adjustments, based on energy use and capital-output lags to account for depletion effects we find (i) the Australian annual average MFP growth in mining was 2.5 per cent a year between 1985-1986 and 2009-2010 compared to -0.65 per cent for...[Show more]
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|Source:||Australian Journal of Agricultural and Resource Economics|
|01_Syed_Multifactor_productivity_2015.pdf||447.96 kB||Adobe PDF||Request a copy|
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