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’...
