The productivity conundrum: Currrent thinking and future trends
Vas, C. (2012) The productivity conundrum: Currrent thinking and future trends. The Conversation, 21 December 2012 .
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Looking back over the analysis and opinion offered by academics for The Conversation this year, this is probably the one area of shared agreement. Various themes emerge that plot a trajectory from the macro to the micro which will be instructive for the debate which is only likely to intensify next year.
From a big picture point of view, the understanding of the productivity problem is vague. Some writers relate to the productivity issue as being an end in itself, while others acknowledge that productivity, just as innovation and competitiveness are all means to an end. What is agreed is that the end objective should be an aspiring to sustain higher standards of living, higher GDP per capita and overall prosperity.
To achieve this end goal, the government continues to grapple with market and industrial relations issues, business (de)regulation, achieving a balance between propping up less competitive sectors or creating new ones and fiscal policy - to name a few.
|Publication Type:||Non-refereed Article|
|Murdoch Affiliation:||Murdoch Business School|
|Publisher:||The Conversation Media Group|
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