Capital Stock, Labour Productivity and Per Capita Output in the States of Australia, 1984/5 - 2003/4

No Thumbnail Available
File version
Author(s)
Smith, Christine
Nguyen, Tom
Griffith University Author(s)
Primary Supervisor
Other Supervisors
Editor(s)

Christine Smith

Date
2007
Size
File type(s)
Location
License
Abstract

This paper uses newly available estimates of the capital stock to explore the role of capital in the economic performance of the various states of Australia, in terms of gross state product per capita and labour productivity. A variant of standard growth decomposition methodology is used, allowing distinction to be made between the impact of changes in the output-to-capital ratio and that of capital deepening (an increase in the capital-to-labour ratio). Both of these factors are found to have played important roles in determining output and labour productivity growth. Analysis is also made of estimates of the capital stock disaggregated by type. The results suggest that interstate variations in the private-sector components of the capital stock, particularly those categorised as 'machinery and equipment' and 'non dwelling construction', have been more influential on relative performances with respect to aggregate output growth than those associated with the public-sector components.

Journal Title

Australasian Journal of Regional Studies

Conference Title
Book Title
Edition
Volume

13

Issue

2

Thesis Type
Degree Program
School
DOI
Patent number
Funder(s)
Grant identifier(s)
Rights Statement
Rights Statement
Item Access Status
Note
Access the data
Related item(s)
Subject

Applied economics

Persistent link to this record
Citation
Collections