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- W119787333 abstract "The potential benefits of increased productivity in intermediate sectors – such as banking and finance – can be substantial, given the impact of their services on resource allocation and competitiveness in the broader economy. No doubt, these considerations were high in the minds of policy makers in the 1980s when significant deregulation of the Australian financial sector was undertaken. And yet, despite more than a decade of reform, the level of measured labour productivity in the finance sector fell over the course of the last business cycle. But the specific nature of this sector, including its increasingly service-oriented focus, the non-market value of its output, and the role of rapid technological innovation, has complicated the analysis of its productivity performance." @default.
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- W119787333 date "1995-01-01" @default.
- W119787333 modified "2023-09-26" @default.
- W119787333 title "Measuring Productivity in the Australian Banking Sector" @default.
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