Tag Archive: puzzle

Jun 27

Baumol’s disease explains productivity puzzle?

Willaim Baumol recently died aged 95 – ‘Baumol’s disease’ is thought by some to explain the current productivity puzzle afflicting most developed nation’s economies, especially their labour-intensive service industries e.g. healthcare, education, performing arts Quoting from an article by George Will in The Washington Post, Senator Daniel Moynihan explained this disease: “The number of players, …

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Apr 15

Passports to productivity Improvement?

Some say the ‘Productivity Puzzle’ is the result of a storm of problems affecting both supply and demand in G7 developed nations viz: Supply: In the past, major technological advances (aka Schumpeter discontinuities) enabled quantum leaps in productivity levels – G7 nations would all adopt them and improve at about the same rate – now, without more …

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A MIRACLE acronym for the productivity puzzle

The US is worried about the puzzle of their low GDP and productivity growth – likewise the UK and other G7 nations – all are suffering in much the same way, which must offer a clue as to what’s going on Explanations offered by a variety of experts include: M = Mismeasurement of GDP, a …

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Low Australia productivity affects all, not just a few

New Reserve Bank governor, Philip Lowe, says boosting productivity is essential if Australia is to maintain the living standards it has enjoyed in recent years He warns: “Australia’s remarkable boom times are over and the best way to maintain our standard of living is to have a laser-like focus on productivity”. In his first appearance before …

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‘Productivity South Africa’ use our new book

Productivity SA just hosted the ‘Inaugural Gauteng Regional Productivity Awards’ at the Emperor’s Palace in Ekurhuleni, South Africa They quoted extensively from our new book ‘Productivity Knowhow’. Spokesperson Sam Modiba said: “The city is home to various industries and has been advocating a departure from being a consumptive to a productive one” “It therefore comes …

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