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This paper investigates the mining industry's poor productivity performance as measured by the conventional multifactor … productivity (MFP) index during the recent mining boom in Australia. We derive a relationship between the measured and 'true' MFP … average MFP growth in Australian mining based on the dual measure of technical change is nearly 2% over the sample period 1974 …
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This paper investigates the mining sector’s poor productivity performance as measured by the growth accounting formula … for multifactor productivity (MFP) index during the recent mining boom in Australia. We provide an alternative measure of … show that the average MFP growth in Australian mining based on the dual cost-function measure of technical change is 2 …
Persistent link: https://www.econbiz.de/10010988881
This paper investigates the mining industry's poor productivity performance as measured by the conventional multifactor … productivity (MFP) index during the recent mining boom in Australia. We derive a relationship between the measured and 'true' MFP … average MFP growth in Australian mining based on the dual measure of technical change is nearly 2% over the sample period 1974 …
Persistent link: https://www.econbiz.de/10014188719
Mining typically accounts for around 5 per cent of Australia's nominal market sector gross domestic product. Long lead … times between investment in new capacity in mining and the associated output response can lead to short term movements in … mining multifactor productivity (MFP) unrelated to underlying efficiency. Ongoing depletion of Australia's natural resource …
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