Since the turn of the century, multifactor productivity has stagnated. Australia's income growth was supported until recent years by strong growth in the terms of trade and investment, but the terms of trade have been falling since 2011, and investment is slowing. To maintain at least the modest...

Australia's recent productivity performance is reviewed and analysed, both in the overall economy and in selected sectors. Future prospects for productivity growth are examined.

Australia's recent productivity performance is reviewed and analysed, both in the overall economy and in selected sectors. Future prospects for productivity growth are examined.

Three criticisms of the contingent valuation method (CVM) are considered in this article. One technique that would appear to answer such criticisms is choice modelling (CM). CM permits value estimates for different goods sharing a common set of attributes to be pieced together using the results...