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Category: Economic reform
Governance arrangements and trade negotiations – Bill Carmichael
Bill Carmichael, the legendary former Chairman of the Industries Assistance Commission, was a very influential figure behind major economic reforms that have delivered substantial benefits to Australia. We are delighted that Bill has submitted an important paper titled Governance arrangements for future trade negotiations to the Adelaide Economic Policy Forum. Bill’s paper is about the […]
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Brexit: another economics crisis? – Andreas Cebulla
Outside the monetarist and free-marketeer camps, few UK economists advocated Brexit (the few notable exceptions included Cardiff University’s Patrick Minford). In fact, the UK’s most prominent independent economic research centres – the National Institute of Economic and Social Research, the Institute for Fiscal Studies and the Centre for Economic Performance – went as far as […]
Fixing Australia’s Infrastructure Problem – Garry Bowditch
Garry Bowditch, Executive Director of the University of Sydney’s Better Infrastructure Initiative, makes the case for reforming our approach to infrastructure investment…
All too often I attend infrastructure forums where policymakers and industry leaders call for the urgent need to fix the infrastructure deficit, by building more assets and deliver more projects. This point of view […]
Brexit: Its not over! – Hein Roelfsema
Hein Roelfsema, a recent visitor to the University of Adelaide and Associate Professor of International Macroeconomics at Utrecht University in The Netherlands, has a unique perspective on the implications of Brexit…
There is no doubt about the significance of the impact of the UK’s choice to exit the EU on its economy. The market’s assessment is […]
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Beef with knock-back of Kidman sale: a lost foreign direct investment opportunity – Christopher Findlay & Paul Kerin
In their article in The Weekend Australian, Christopher Findlay and Paul Kerin argue that the Federal Treasurer’s rejection of the sale of the S. Kidman & Co. cattle stations to a consortium 80% backed by private Chinese businesses has not been in Australia’s public interest. As well as forgoing the usual benefits that foreign direct […]
Realising economic reform in China – Christopher Findlay & Chunlai Chen
In an article just published in the East Asia Forum, Christopher Findlay and Chunlai Chen (a PhD graduate of the University of Adelaide, now at ANU) argue that the Chinese economy faces two fundamental challenges. One is the risk of a financial crisis. The other, possibly more difficult to deal with, is resistance by the […]
Free trade gains even greater when allow for employment effects – Benedikt Heid
An article co-authored by the School of Economics’ latest recruit Benedikt Heid has just been published in the leading economics journal, the Journal of International Economics. The article estimates the gains to countries from trade liberalisation when employment effects are explicitly allowed for. For example, the article estimates that the US-Australia Free Trade Agreement (FTA) […]
The coming utilities crisis: huge risks for consumers and taxpayers
At last week’s Energy Networks Conference (held in Adelaide), electricity industry leaders were adamant that the future for traditional utility business models was very dim (see, for example, Electricity market smashed by technology). AGL Managing Director Andy Vesey said that business models based on the traditional technology paradigm – large-scale generation, large-scale wires and electricity […]
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Boost infrastructure investment through key reforms – Darryl Gobbett
In a recent speech to the 2016 South Australian Infrastructure Conference in Adelaide, Darryl Gobbett made several recommendations to help improve South Australia’s economic performance, including:
Boost infrastructure investment that focuses on cost-reduction, output, exports and regional SA;
Establish a SA Productivity Commission to determine investment and other priorities; and
Fund investment priorities though a broad-based land tax, asset […]
Going for growth – Christopher Findlay
Australians are asking ‘where will economic growth come from?’ A common response is ‘structural reform’, about which we are likely to hear more and more in coming weeks as the election campaign proceeds.
What is that and does it matter? Structural reform has many dimensions but really it’s about making market works better as they allocate […]