The Economics of Productivity in Asia and Australia

Renuka Mahadevan, The University of Queensland, Australia

Productivity growth has long been recognised by both economists and non-economists as being necessary for all economies aspiring to raise their standard of living. Thus, Renuka Mahadevan aims to highlight the conceptual differences, advantages and disadvantages of the various total factor productivity (TFP) measures and suggests processes and strategies for choosing the best technique to draw up policies for sustainable growth.