Over the past 40 years, Australia’s labour productivity level relative to the United States has trended slowly upwards. However, there remains a substantial gap between Australian and United States labour productivity levels. The persistence of this gap has raised questions about whether there...

Australia is (with New Zealand) one of the two most remote advanced economies in the world in terms of average distance from world economic activity. The rapid economic growth of countries in the Asian region in recent decades has resulted in only a modest reduction in Australia’s level of...