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The Centre for Independent Studies promotes free choice and individual liberty and the open exchange of ideas. CIS encourages debate among leading academics, politicians, media and the public. We aim to make sure good policy ideas are heard and seriously considered so that Australia can prosper.
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Let’s share good ideas. 💡
The Centre for Independent Studies promotes free choice and individual liberty and the open exchange of ideas. CIS encourages debate among leading academics, politicians, media and the public. We aim to make sure good policy ideas are heard and seriously considered so that Australia can prosper.
The Productivity Problem. Australia’s Growth Slump Is Undermining Prosperity
Centre for Independent Studies
44 minutes
3 months ago
The Productivity Problem. Australia’s Growth Slump Is Undermining Prosperity
For all references and graphs, read the paper here: https://www.cis.org.au/publication/the-productivity-problem-australias-growth-slump-is-undermining-prosperity/
Key Findings:
Labour productivity growth has halved, sliding from 2.4% a year in the late 1990s to just 1.2% in recent years.
Australia is falling further behind the United States, with the productivity gap now wider than it was in the early 2000s.
Business investment – a driver of growth – is subdued, starving firms of the latest technology and techniques needed to compete globally.
Centre for Independent Studies
Let’s share good ideas. 💡
The Centre for Independent Studies promotes free choice and individual liberty and the open exchange of ideas. CIS encourages debate among leading academics, politicians, media and the public. We aim to make sure good policy ideas are heard and seriously considered so that Australia can prosper.
