Please read the attached files, they are more specific!
1.Read the articles
“Global productivity is slowing down: Three possible explanations”
“What’s needed to improve productivity growth”
“Australian productivity trends and the effect of structural change”
2.Write an essay to address the following questions:
What is the difference between the labour productivity and the total factor productivity (TFP)? Why is productivity improvement important for our living standard and well-being?
What is the current productivity trends in Australia?
Use your own words to reflect the three reasons for the productivity slowdown in OECD countries?
Which of these three reasons is more convincing to you? Explain your answer using a real-world example.
Is there any other reason which might contribute to the productivity slowdown?
What sorts of productivity-enhancing reforms we need to maintain the long-term growth and job creation in Australia?
3. some requirements:
1)word limited: 1500+_10%
2)Coherence of argument:
Having a minimum of three (3) references (books or articles from reputable publishers), in addition to the three references mentioned in this paper : 1%
Relevance to the topic: 4%
Logical consistency 4%
Figures/tables (original or cited)!!
4) Presentation (No oral presentation is required. Precision in argument and use of terms, grounding in evidence, and clarity and concision in prose) 3%
5)Citation requirements: Please follow APA style for referencing and citation.
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