In:
Economic Record, Wiley, Vol. 62, No. 2 ( 1986-06), p. 180-193
Abstract:
While public concern about Australia's relatively poor growth performance is recent, our performance has been poor for a long time. Practically the whole of our slide down the income‐per‐head totem pole occurred before 1973. The paper advances the argument that ‘made to measure’ protection and widespread restrictive trade practices used to be one of the main factors retarding faster growth in Australia before the seventies, though deteriorating terms of trade have also been important. The profit squeeze resulting from real wage inflexibility during the seventies has probably played an important role since then. There is no evidence to support the contention that our poor growth is the result of the expansion of the public sector.
Type of Medium:
Online Resource
ISSN:
0013-0249
,
1475-4932
DOI:
10.1111/ecor.1986.62.issue-2
DOI:
10.1111/j.1475-4932.1986.tb00893.x
Language:
English
Publisher:
Wiley
Publication Date:
1986
detail.hit.zdb_id:
2044260-9