Labour Productivity in Australian Manufacturing: The Impact of Import Competition and Market Structure
journal contributionposted on 06.06.2017 by Bhattacharya, Mita, Bloch, Harry, McDonald, James Ted
Any type of content formally published in an academic journal, usually following a peer-review process.
Through altering competitive conditions, globalization can have a significant impact on productivity of the domestic economy. We estimate the impact of import competition and domestic market structure on labour productivity growth in Australian manufacturing using a panel data analysis covering a period of nearly three decades. The results show strong evidence that import competition increases labour productivity growth, particularly in industries where domestic production is highly concentrated.