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SGS Economics and Planning Productivity or perish

Productivity or perish - the Australian challenge for the 21st century

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Arts and Culture, Employment, Retail, Transport

American economist Paul Krugman once famously said, “Productivity isn’t everything, but in the long run, it’s nearly everything.” Productivity is the efficiency with which firms, industry, and the economy, convert inputs such as labour, capital, and raw materials, into income. It increases when output grows faster than input and is a crucial factor driving improved standards of living. Labour productivity, in particular, is essential in driving growth in living standards. Therefore, cities, regions, and countries devote extra time and effort to improve in this area. How can regions improve productivity across the country? Read on.
SGS Economics and Planning Innovation Precinct Paper

From alleys to valleys: creating innovation precincts through inclusive policy

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Arts and Culture, Education, Employment

Public policy literature overwhelmingly focuses on premium inner-city innovation precincts - but planned innovation outside typical inner-city innovation precincts is both important and possible. In this paper, we identify what makes planned innovation precincts successful and recommend that policymakers consider different policy mixes to support innovation in both the alleys of the cities and the valleys of the regions.