Research Discussion Paper – RDP 2023-03 Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia
Contents
- Introduction
- Capital Flows, Investment and Productivity
- Data
- Has Capital Reallocation Slowed?
- Understanding the Slowdown
- Aggregate Implications
- Conclusion
- Appendix A: Data and Sample Statistics
- Appendix B: Additional Results
- References
- Copyright and Disclaimer Notice
Thank you to Ben Westmore, Omer Majeed, Jarkko Jääskelä, John Simon and seminar participants at the RBA, Australian Treasury and NSW Treasury for their helpful comments. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia or e61 Institute. The authors are responsible for any errors.