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The Lost Golden Age of Productivity Growth?

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  • Quiggin, John

Abstract

Economic policy debate in Australia is dominated by the belief that the nation’s economy experienced a surge in productivity in the mid-1990s. The surge is attributed to programs of microeconomic reform that began in earnest with the floating of the dollar in 1983. It was particularly welcomed by advocates of microeconomic reform, given that the decade following the float was characterized by relatively weak productivity growth, and macroeconomic performance that began well, but ended in the deep recession of 1989-91, and the prolonged period of high unemployment that followed.

Suggested Citation

  • Quiggin, John, 2011. "The Lost Golden Age of Productivity Growth?," Risk and Sustainable Management Group Working Papers 151526, University of Queensland, School of Economics.
    • Handle: RePEc:ags:uqsers:151526
    DOI: 10.22004/ag.econ.151526
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    References listed on IDEAS

    as
    1. Ben Dolman & Lan Lu & Jyoti Rahman, 2006. "Understanding productivity trends," Economic Roundup, The Treasury, Australian Government, issue 1, pages 35-52, March.
    2. John Quiggin, 2004. "Looking Back on Microeconomic Reform: A Sceptical Viewpoint," The Economic and Labour Relations Review, , vol. 15(1), pages 1-25, June.
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    Keywords

    Productivity Analysis;

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