Innovation and Productivity. (December 2013)

• Record Type: Journal Article
• Authors: Thomson, Russell; Webster, Elizabeth
• Is Part Of: Australian economic review. Volume 46:Number 4(2013:Dec.)
• Page Start: 483
• Page End: 488
• Publication Date: 2013-12
• Subjects: Economics -- Periodicals; Australia -- Economic conditions -- Periodicals; Australia -- Economic policy -- Periodicals; Australia -- Economic conditions -- 1945-; Économie politique -- Périodiques; Australie -- Conditions économiques -- Périodiques; Australie -- Politique économique -- Périodiques; Australie -- Conditions économiques -- 1945- -- Périodiques; 330.994005
• DOI: 10.1111/1467-8462.12046
• Languages: English
• ISSNs: 0004-9018

Abstract

<abstract abstract-type="main" xml:lang="en"> <title>Abstract</title> <sec id="aere12046-sec-0001" sec-type="section"> <p> <italic>A country's standard of living is largely governed by economic output per capita, which corresponds closely with output per worker (labour productivity). Sustained growth in productivity over the long term requires finding ways to invest that avoid diminishing returns and this invariably means innovation and new technology</italic>.</p> </sec> </abstract>