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This 2001 edition of OECD's periodic economic reviews of Australia examines recent economic developments, policies and prospects and includes a special feature on sustainable development as well as annexes on business tax reform and environmental legislation.
This 2004 OECD Economic Survey of Australia presents a comprehensive overview of the Australian economy. The special chapter covers competition and economic performance.
This book should become a standard reference in the field. . . It combines rigorous modeling with sophisticated econometrics and includes telling examples to illustrate general principles. Dennis C. Mueller, University of Vienna, Austria This book provides a uniform and coherent approach to the analysis of distribution systems in general and retail systems in particular. It develops the fundamentals of retail demand and supply, and demonstrates how the provision of distribution services is a principal determinant of economic outcomes in retail exchanges for both retailers and their customers, as well as for other agents such as suppliers and franchisors. The author integrates the existing literature with new applications to provide novel insights into the multi-product nature of retailing, the service aspects of packaging, and the evolution of retail formats such as supermarkets, non-store retailers (including the Internet) and shopping centers. He illustrates how the complementarity that underlies retail activities leads to lower average prices for customers. This integrative process also brings out the role of distribution services as mechanisms to exercise economic power. This is evident not only in channels of distribution but in the evolution of Wal-Mart and the development of franchise contracts. The author also identifies the crucial differences between the retailing of goods and the retailing of services. This impressive volume skilfully integrates conceptual, theoretical and empirical research to analyse critical issues in the economics of retailing and distribution. It will be required reading for academics and professional economists interested in industrial organization, marketing, applied microeconomics and business.
Productivity growth is a key determinant of improvements in living standards in the long run. However, analysis of productivity trends at the aggregate level does not capture the variation of firm and sub-industry productivity performance that underlies industry or aggregate productivity. By examining the differences in productivity performance of firms in particular industries (i.e. productivity dispersion) we can enhance our understanding of the rich productivity dynamics of the economy and ultimately help to better inform policy advice. This paper - a collaboration between Treasury and the Australian Bureau of Statistics - uses firm-level data from the Business Longitudinal Analysis Data Environment (BLADE) to measure the dispersion in labour productivity for six Australian industries (Manufacturing; Construction; Retail Trade; Wholesale Trade; Professional, Scientific and Technical Services; and Administrative and Support Services). The study finds labour productivity dispersion to be persistent in the selected industries. Among the six industries, Manufacturing and Professional, Scientific and Technical Services exhibit the smallest labour productivity gap between businesses at the top and bottom quartiles. Contrary to international evidence, there is little evidence of widening labour productivity dispersion over time, with dispersion decreasing to varying degrees over 2001-02 to 2013‐14. In particular, labour productivity dispersion declined significantly over the period in Retail Trade and Wholesale Trade. We also explore potential drivers of labour productivity dispersion and its relationship with aggregate labour productivity, and discuss avenues for further research.
This 2013 Article IV Consultation highlights that the Australian economy has performed well relative to many other advanced economies since the global financial crisis. A transition phase has now been reached as the terms of trade-driven mining investment boom of the past decade has peaked, and the economy is moving to the production and export phase. Annual growth slowed to 21⁄4 percent in the third quarter of 2013, below the trend growth of about 3 percent. Inflation remains anchored in the Reserve Bank of Australia’s (RBA) target range.
The services sector now accounts for over 70% of employment and value added in OECD economies. It also accounts for almost all employment growth in the OECD area. But despite its growing weight in OECD economies, productivity growth and employment ...