Yes, Australian businesses have become less dynamic. But there are bigger reasons for our sliding productivity growth
- Written by: Stephen King, Professor, Monash University
Since 2005, annual labour productivity growth (growth in output per hour worked) has been the best part of one percentage point below its long-term average in Australia and other developed countries.
The Productivity Inquiry that I helped conduct for the Productivity Commission found this will lead to much-slower improvements in Australians’...
