PRODUCTIVITY GROWTH IN AUSTRALIAN MANUFACTURING - A VINTAGE CAPITAL MODEL

被引:2
|
作者
BLOCH, H [1 ]
MADDEN, G [1 ]
机构
[1] CURTIN UNIV TECHNOL,DEPT ECON,PERTH,WA,AUSTRALIA
关键词
D O I
10.1108/01437729510082768
中图分类号
F24 [劳动经济];
学科分类号
020106 ; 020207 ; 1202 ; 120202 ;
摘要
Uses a model of technical change embodied in capital equipment to analyse average labour productivity growth. Determinants of productivity growth identified in this analysis are: (1) the rate of labour-saving technical change; (2) the differential in the rates of change of wages and the rental price of capital; and (3) the rate of growth of industry productive capacity. Finds evidence that each of the identified factors has a positive and statistically significant relationship to average labour productivity growth in a cross-section of Australian manufacturing industries.
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页码:22 / 31
页数:10
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