Estimating the Benefits of Hilmer and Related Reforms
AbstractIn a recent report (IC 1995a) the Industry Commission (IC) estimates that the implementation of the Hilmer Report and related reforms will yield a GDP gaim of around 5.4 per cent. In this paper, assumption are subject to a detailed critique. It is argued that most of the estimated productivity gains are grossly over-optimistic, representing upper bounds of possible achievement rather than likely outcomes. Furthermore, it is argued that the dominant flow-on effects of microeconomic reform will be negative, arising from the fact that at least some of the workers directly displaced by reform will permanently displaced from the employed labour force.
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Bibliographic InfoArticle provided by The University of Melbourne, Melbourne Institute of Applied Economic and Social Research in its journal The Australian Economic Review.
Volume (Year): 30 (1997)
Issue (Month): 3 ()
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Other versions of this item:
- Quiggin, J., 1995. "Estimating the Benefits of Hilmer and Related Reforms," CEPR Discussion Papers 338, Centre for Economic Policy Research, Research School of Economics, Australian National University.
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
- N47 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Africa; Oceania
- N56 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Latin America; Caribbean
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