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Full-Text Articles in Social and Behavioral Sciences
An Empirical Analysis Of Australian Labour Productivity, Abbas Valadkhani
An Empirical Analysis Of Australian Labour Productivity, Abbas Valadkhani
Faculty of Commerce - Papers (Archive)
This study presents a model capturing sources of Australian aggregate labour productivity using annual time series data from 1970 to 2001. Labour productivity, or real output per hour worked, in this model is determined by real net capital stock in information technology and telecommunications (ITT), real net capital stock in the non-ITT sector, trade openness, human capital, the wage rate, international competitiveness, and the union membership rate. Given the lack of long and consistent time series data, multivariate cointegration techniques are inappropriate as the cointegration results will be sensitive to the lag length, the inclusion or exclusion of the intercept …
Using Input-Output Analysis To Identify Australia’S High Employment Generating Industries, Abbas Valadkhani
Using Input-Output Analysis To Identify Australia’S High Employment Generating Industries, Abbas Valadkhani
Faculty of Commerce - Papers (Archive)
Using the 1996-97 input-output table, the objective of this paper is to identify Australia’s high employment generating industries. First, the “real” (direct and indirect) contribution of the tradeable industries to employment are quantified by adopting the “loss of the industry” or “shut-down of industry” approach. Second, the sectoral employment elasticities are calculated to determine the leading employment generating sectors. The empirical analysis and rankings undertaken in this study shed some light on sectoral potentials in relation to the creation of jobs in the economy. It is found that, inter alia, the following industries will play a crucial role in generating …