Josef Steindl offers an innovative dynamic analysis of competition in Maturity and Stagnation in American Capitalism, with a key role for technical change. However, in his later writings he suggests that he had not gone far enough and that his account was not sufficiently dynamic, noting...

This paper combines Salter's analysis of capital-embodied technical change with Kalecki's analysis of financing investment from retained profits to provide a model of investment with innovation, which is applied to data from Australian manufacturing industries. In the estimated model, profit is...

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 growth that separates the effects of returns...

Australia is currently undertaking its first national evaluation of university research, which is being performed by the Australian Research Council (ARC) at the request of the Australian government. The Australian approach to evaluation has some unique characteristics, especially a focus on...

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...

Disaggregated data for twenty-seven Australian manufacturing industries are used to examine movements in international price competitiveness relative to each of sixteen major trading partners over the period 1968 to 1989. The changes in price competitiveness are decomposed into elements of...

The Australian telecommunications sector is being improved and extended through substantial recent investment in intelligent technology such as digital switching, fibre optics, satellite and cellular transmission, and the Internet. These technologies are being progressively integrated with...

In their efforts to create a position in a market, and to maintain that position, firms make positioning investments of various sorts, in R&D, plant, advertising, and location, or more generally, in product development and maintenance. The heart of this paper is the hypothesis that the success...