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Productivity: Concepts, Measurement & Performance

`. RESEARCH PAPER Productivity: Concepts, Measurement & Performance December 2016. Table of Contents Table of Contents FOREWORD IV. PRODUCT IVITY: CONCE P TS, Measurement A ND Performance V. 1 PRODUCT IVITY CONCE PT S 1. What is productiv ity? 1. Why doe s pr oductivity matter? 1. Determinants of pr oductiv ity grow th 3. 2 Measurement OF PRODU CTIVITY 4. Indica tor s 4. Coverage and units of Measurement 6. Limita tions of me asure ment 6. 3 QUEENSLAND PROD UCT IV ITY PER FORMANCE 8. MFP and labour pr oductivity 8. A global producti v ity challe nge 11. Industry labour pr oductivity growth 14. Productivity and gr owth in incomes 16. Productivity gaps and convergence 18.

Queensland Productivity Commission Productivity: Concepts, Measurement and Performance iii The Role of the QPC The Queensland Productivity Commission provides independent advice on complex economic and regulatory issues, and proposes policy reforms, with the goal of increasing productivity, driving economic growth and

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