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Microeconomic Reform And Income Distribution: The Case Of Australian Ports And Rail Freight

Author

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  • George Verikios
  • Xiao-Guang Zhang

Abstract

type="main" xml:id="coep12059-abs-0001"> We analyze structural changes in the Australian ports and rail freight industries that were driven by microeconomic reform; we find such reforms may generate welfare gains with reduced inequality. We estimate the effects on household income groups of these industry changes by applying a computable general equilibrium model incorporating microsimulation behavior. The structural changes lead to a small increase in household welfare in most regions, with an overall increase of 0.18%, and a small decrease in inequality. Our analysis suggests that policy makers in Australia and other high-income nations should give serious consideration to microeconomic reform of infrastructure industries . ( JEL C68, C69, D31, L92)

Suggested Citation

  • George Verikios & Xiao-Guang Zhang, 2015. "Microeconomic Reform And Income Distribution: The Case Of Australian Ports And Rail Freight," Contemporary Economic Policy, Western Economic Association International, vol. 33(1), pages 159-175, January.
    • Handle: RePEc:bla:coecpo:v:33:y:2015:i:1:p:159-175
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    File URL: http://hdl.handle.net/10.1111/coep.2015.33.issue-1
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    Citations

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    Cited by:

    1. Betarelli, Admir Antonio & Domingues, Edson Paulo & Hewings, Geoffrey John Dennis, 2020. "Transport policy, rail freight sector and market structure: The economic effects in Brazil," Transportation Research Part A: Policy and Practice, Elsevier, vol. 135(C), pages 1-23.
    2. Proque, Andressa Lemes & Betarelli Junior, Admir Antonio & Perobelli, Fernando Salgueiro, 2022. "Fuel tax, cross subsidy and transport: Assessing the effects on income and consumption distribution in Brazil," Research in Transportation Economics, Elsevier, vol. 95(C).
    3. Marc Jim Mariano & George Verikios, 2022. "Understanding the Effects of Coronavirus on Australian Households: A Macro–Micro Analysis," Economic Papers, The Economic Society of Australia, vol. 41(3), pages 215-231, September.

    More about this item

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • C69 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Other
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation

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