5260.0.55.001 - Information paper: Experimental Estimates of Industry Multifactor Productivity, 2007  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 07/09/2007  First Issue
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Contents >> Summary of results >> Cost shares

COST SHARES

Gross output based

For gross output based estimates of MFP it is more relevant to use cost shares, albeit with the absolute values remaining the same for capital and labour. Much of the pattern experienced in the income shares is repeated for the gross output cost shares.


Table 2.30 shows the capital, labour and intermediate inputs cost shares for gross output for 1994-95 and 2004-05. Over the last decade Mining and Finance & insurance both had their capital cost share increase by more than 10 percentage points, with their labour and intermediate inputs cost shares both falling. Between 1994-95 and 2004-05, Wholesale trade had the largest labour cost share increase. Manufacturing and Electricity, gas & water had the highest increase in their intermediate input cost shares for the same period.

2.30 Capital, Labour and Intermediate inputs cost shares of gross output

Capital
Labour
Intermediate inputs
1994-95
2004-05
1994-95
2004-05
1994-95
2004-05
%
%
%
%
%
%

Agriculture, forestry & fishing
29
35
19
21
52
44
Mining
40
52
16
12
43
36
Manufacturing
15
14
26
22
59
64
Electricity, gas & water
40
38
18
17
42
46
Construction
6
10
22
21
71
70
Wholesale trade
15
17
29
28
56
55
Retail trade
13
12
34
39
53
49
Accommodation, cafes & restaurants
11
15
34
35
55
50
Transport & storage
16
15
25
24
59
61
Communication services
33
32
22
20
45
47
Finance & insurance
22
33
40
34
37
33
Cultural & recreational services
10
14
28
29
62
58


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