Peter Costello (Higgins, Liberal Party, Treasurer) Share this | Hansard source

I thank the honourable member for Deakin for his question. Many factors can influence productivity in an economy. One, of course, is capital investment. Where you have capital deepening, although it may detract from productivity as it is going on, if it leads to increased capacity and boosts production, after a period of time that can lead to greater output per person. Another thing that can influence productivity, obviously, is the skill of labour. That is why this government is making a huge investment in the education system, particularly the post-secondary education system, because—

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