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Productivity Growth and Australian Manufacturing Industry

Industry Commission Staff Research Paper

This research paper by Paul Gretton and Bronwyn Fisher was released on 1 October 1997. A Statistical Annex has been released in conjunction with the report.

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Contents

Preliminaries
Cover, Copyright, Preface, Contents, Abbreviations, Overview

Part A   ANALYSIS

1   Introduction
1.1   Scope and methodology
1.2   Background to capital stock estimation in Australia
1.3   Developments in ABS national accounting statistics
1.4   Structure of this report

2   Contributions to output, productivity and employment growth
2.1   Introduction
2.2   Productivity growth in Australia
2.3   Productivity growth within manufacturing
2.4   Summing up

3   Effects of industry assistance on measures of productivity growth
3.1   Introduction
3.2   The need for adjustment of value added to unassisted prices
3.3   Effects of industry assistance on measured productivity
3.4   Summing up

4   Implications for employment growth in manufacturing industry
4.1   Introduction
4.2   Employment growth in manufacturing
4.3   Implications for average labour productivity in manufacturing
4.4   Summing up

Part B   METHODOLOGY

5   Industry classification and the measurement of capital
5.1   Introduction
5.2   Industry classification
5.3   Capital stock and capital service measures
5.4   Implementation of capital stock measurement principles for manufacturing industry
5.5   Economic depreciation of the value of capital
5.6   Summing up

Part C   APPENDICES

A   Industry classification for the analysis of productivity
A.1   Introduction
A.2   Industry sector
A.3   Manufacturing industry subdivision

B   Methodology and data used in productivity analysis
B.1   Introduction
B.2   The basic model
B.3   Data sources

C   Linking measures of the value of capital stocks and capital capacity
C.1   Introduction
C.2   Conceptual background
C.3   Implementation of the model
C.4   Approach adopted in this study
C.5   Summing up

D   Multifactor productivity growth accounting
D.1   Growth accounting framework
D.2   Aggregating factors of production using factor shares
D.3   Aggregating factor input components using rental prices
D.4   Aggregating factor inputs using a generalised weighting system

E   Sensitivity of capital stock estimates to alternative assumptions
E.1   Introduction
E.2   Alternative investment data
E.3   Capital capacity
E.4   Value of capital stocks
E.5   Summing up

References

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