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Bankers under the spotlight on gambling lending
As Australia recently listened to harrowing stories of the major banks providing money to addicted gamblers at the Banking Royal Commission, we recalled that this is not a new issue.
The Centre published a report – Problem gamblers and the role of the financial sector – in 2010 and the issues seem as vexed now as […]
A further comment on recent trends in private and public sector wage rates – Anthony Kosturjak
In a recent post we observed that data on average weekly earnings showed that wages growth in the South Australian public sector had been outstripping wages growth in the private sector over recent years. However, we noted that caution should be exercised when using data on average weekly earnings to monitor differences in wages growth […]
SA Data Wrap – final demand growth slows
Demand growth slows back to trend pace
Outside monthly employment data, quarterly estimates of state final demand (SFD) provides the best gauge of recent macroeconomic developments for the South Australian economy. SFD comprises all final consumption and investment expenditures made in the state, but excludes other forms of economic activity, most notably exports.
The latest SFD estimates […]
Cost of living prominent in SA election – Michael O’Neil
The South Australian election scheduled for 17 March 2018 has turned into a three-horse race: Labor, Liberal and SA Best, led by Nick Xenophon. It is also the first outing for Cory Bernardi’s Australian Conservatives at a state level. In prospect, it is entirely possible that neither of the major parties, even with the assistance […]
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Murray Darling Basin Declaration – Professor Sarah Wheeler
In the first week of February a group of senior water scientists and economists called for urgent action to address Murray-Darling Basin issues in a joint Declaration.
The signatories were concerned that $6 billion dollars in water recovery has been spent over the past decade, with $3.5 billion of this on irrigation infrastructure (on and off farm) and $2.5 […]
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SA Data Wrap – wage growth slows although employment growth remains solid, inflation faced by local government picks up
Wage growth slows in South Australia
Latest figures from the ABS indicate that the annual rate of wage growth in South Australia has continued to slow. Wages in South Australia as measured by the Wage Price Index (WPI) rose by 1.9 per cent through the year to the December quarter 2017. This annual result is the […]
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Revealing the true role of South Australian Services Exports
The South Australian services sector contributes more to exports than is revealed by trade statistics. As such, a policy environment that encourages competitiveness in the services sector will also improve our export competitiveness.
In 2016/17, South Australian services sector contributed nearly 60 per cent of the state’s Gross State Product (GSP) and more than three-quarters of […]
Should banks offer credit to problem gamblers?
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry[1] will no doubt have many case studies referred to it pointing to current practices that appear to be unethical, display poor judgement on the part of the ‘offering institutions’ and other instances of poor lending and supervisory practice.
One of the most complained […]
SACES evaluation of Automated Risk Monitoring system at Adelaide Casino released
The Independent Gambling Authority (IGA) for South Australia has published a report by SACES on the Automated Risk Monitoring (ARM) system at the Adelaide Casino.
In May 2014, the Adelaide Casino (part of the Skycity Entertainment Group) was permitted to operate a cashless gaming system provided an ARM system and a pre-commitment system were also operational.
The […]
How can we revitalise the State’s economy?
A new report has proposed a range of policy initiatives aimed at “reinventing the State economy” and boosting economic competitiveness in South Australia.
The recommendations have been made in the latest Economic Issues report by the independent South Australian Centre for Economic Studies (SACES) at the University of Adelaide. The Centre has a 36-year track record […]
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