5260.0.55.001 - Information paper: Experimental Estimates of Industry Multifactor Productivity, 2007

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 07/09/2007 First Issue

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Contents >> Mining >> Income shares

INCOME SHARES

During the last five years the prices paid for Mining outputs have grown strongly, due to the so-called 'commodity price boom' (RBA 2005). This strong growth in prices is reflected in the strong growth in the profits of the Mining industry as recorded in the gross operating surplus estimates published in the Australian System of National Accounts (cat. no. 5204.0) and is evident in figure 4.9.

4.9 Mining labour and capital income
Graph: 4.9 Mining labour and capital income

Even with the increases in employment, the labour income share for Mining has continued its decline since the late 1990s (figure 4.10). However, investment volumes also increased rapidly at the same time as labour inputs, and as such any change in the labour income share has only a minimal impact on MFP estimates. This is because growth in labour contributes around 20% to growth in total inputs.

4.10 Mining Labour and capital income shares
Graph: 4.10 Mining Labour and capital income shares