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By Ssolbergj [ GFDL or CC-BY-SA-3.0] via Wikimedia Commons

Dynamic efficiency - the key to lifting Australia's productivity performance?

The need for Australia to lift its productivity performance is well recognised (see for example the International Monetary Fund’s (IMF’s) latest assessment of the Australian economy). With its terms of trade declining Australia can no longer rely on the willingness of the rest of the world to pay more for our exports to fund improved living standards. Part of the challenge is improving the efficiency of Australian firms and other organisations that produce the goods and services we consume as a community and export to the rest of the world. Read more...

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