Microeconomic Reform Productivity growth is important for economic growth, the enhancement of employment opportunities, improving export competitiveness, and increasing the resilience of the Australian economy to adverse shocks (P.J. Forsyth, Microeconomic Reform in Australia, 1992). Prior to the 1990s, Australia's productivity growth and overall living standards were relative to the rest of the world, declining rapidly. Since then, Australia has sought to improve the productivity growth of its industries and markets by actively implementing a …showed first 75 words of 1784 total…

…showed last 75 words of 1784 total…Benefits of Microeconomic Reform, http://www.budget.gov.au/1997-98/bp1st3th.asp, 10/05/04. 7) Productivity Commission 2003, Microeconomic Reform and Productivity Growth, http://www.pc.gov.au/research/confproc/mecrefpg/, 11/05/04. 8) Johan Olsen 1996, Microeconomic Reform in Australia, http://www.geocities.com/TimesSquare/1848/reform.html, 11/05/04. 9) BUDGET 2000, Microeconomic Reform, http://www.budget.gov.au/1999-00/ministerial/ch3/ch3-MICROECO.html, 10/05/04. 10) NATSEM 1997, The distributional impact of microeconomic reform in Australia, http://www.natsem.canberra.edu.au/pubs/cp97/3_97/cp1997_003.html, 11/05/04.