Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/273702 
Authors: 
Year of Publication: 
2022
Series/Report no.: 
IZA Policy Paper No. 193
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Economic dynamism is fundamental to productivity and living standards. Several important metrics suggest that the Australian economy has become less dynamic over recent decades. The share of workers starting a new job has fallen. Among employing businesses, the start- up rate has declined. On average, markets have become more concentrated. Mark-ups have increased. Reinvigorating competition policy may be an important means of boosting dynamism and raising the rate of productivity growth.
Subjects: 
market concentration
markups
new business formation
job mobility
JEL: 
D43
K21
L40
Document Type: 
Working Paper

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