Understanding Australia’s Productivity Performance

The Nobel Prize-winning economist (and more recently New York Times columnist), Paul Krugman, famously described productivity as being not everything, but in the long run nearly everything. At this event, Saul Eslake discussed Grattan Institute’s Productivity Growth Program’s first report, which examines how productivity growth is important to meeting several of Australia’s more important economic challenges; a new perspective on the reasons for the marked deterioration in Australia’s productivity growth performance over the past decade; and a preliminary look at some of the policy options for reversing that trend over the decade ahead.

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