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The Drivers of Australia's Productivity Surge

Chairman's speech

On 7 March 2002, the Chairman Gary Banks presented a paper to ABARE's Outlook 2002 Conference in Canberra.

Contents

Key Points

Introduction

Measuring productivity

Trends in Australia’s productivity

Industry contributors to the productivity surge

ICTs and the new service industry contributors

The microeconomic reform catalyst
Advances in technology are not the only source of productivity growth
The importance of technology uptake
The need for flexibility and adaptation to get the most out of new technology

The gains from reform and productivity growth

The productivity outlook

Appendix A Multifactor productivity by industry sector, 1974-75 to 2000-01

References