This paper examines Australia's future productivity growth prospects and, specifically, whether it is feasible for Australia to match the performance benchmarks set by other countries now and in the foreseeable future. Key points • International comparisons of productivity at a national level are useful, but should be treated with care. Comparisons of productivity performance are...

In this staff working paper, Sid Shanks and Simon Zheng undertake a series of modelling exercises that took advantage of the additional available data to explore the effects of research and development on Australian productivity. A major message from the analysis is that, at least for the time being, empirical estimates of the effects of...