Current Business Issues in Australia

A DECLINE IN PRODUCTIVITY IN AUSTRALIA OVER THE LAST DECADE

TABLE OF CONTENTS EXECUTIVE SUMMARY 1. INTRODUCTION 2. PRODUCTION GROWTH ISSUES 3. PRODUCTION PERFORMANCE IN THE LAST DECADE 3.1 MINING 3.2 UTILITIES 3.3 INVESTMESNT 4. THE DECLINE IN PRODUCTIVITY 4.1 GROWTH IN THE LAST DECADE 4.2 TECHNOLOGY 4.3 INNOVATION 4.4 EDUCATION 5. CONCLUSION, RECCOMMENDATION & IMPLEMENTATION BIBLIOGRAPHY APPENDIX

A decline in productivity in Australia over the last decade

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EXECUTIVE SUMMARY
Australia’s Productivity growth has been on a steady decline over the past decade. Part of Australia’s productivity prosperity is not assured. While the mining sector is expected to continues to thrive for the foreseeable future, many other sectors as well struggling to improve upon the productivity growth in Australia. In the report I highlighted the alternate source for the decline in productivity which has resulted in no real answers as to what is best way forward. Despite being a simple concepts there is no unique measure of productivity growth being the three most important the demographic, economic and social which are faced over the decade, nevertheless the decline over the last decade broadly in line with the productivity performance. The labour productivity growth over the period of 1989 -90 to 2002 -03 had an average of around 2.0 per cent but slowed to around 0.7 per cent in the subsequent period to 2008-09. The multifactor productivity performance growth in the last decade has been most the mining, utilities industries and investment where most of the slowdown in Australia’s productivity performance is concentrated. The agriculture, forestry and fishing sectors accounts for almost 80 per cent of the decline in Multifactor production growth between 1998-99 and 2007 -08. However the decline in productivity in the mining and utilities industries account for an important part of the slowdown in accumulated market sector productivity growth between the 1990s and

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