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Estimating the Benefits of Hilmer and Related Reforms

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  • Quiggin, J.

Abstract

In 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 Info

Paper provided by Centre for Economic Policy Research, Research School of Economics, Australian National University in its series CEPR Discussion Papers with number 338.

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Length: 23 pages
Date of creation: 1995
Date of revision:
Handle: RePEc:auu:dpaper:338

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Keywords: PRODUCTIVITY; EVALUATION; ECONOMIC REFORM;

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Cited by:
  1. Peter B. Dixon & Maureen T. Rimmer, 2002. "Explaining a dynamic CGE simulation with a trade-focused back-of-the-envelope analysis: the effects of eCommerce on Australia," Centre of Policy Studies/IMPACT Centre Working Papers g-136, Victoria University, Centre of Policy Studies/IMPACT Centre.
  2. George Verikios & Xiao-guang Zhang, 2014. "Structural change and income distribution: the case of Australian telecommunications," Centre of Policy Studies/IMPACT Centre Working Papers g-240, Victoria University, Centre of Policy Studies/IMPACT Centre.
  3. Aghdam, Reza Fathollahzadeh, 2011. "Dynamics of productivity change in the Australian electricity industry: Assessing the impacts of electricity reform," Energy Policy, Elsevier, vol. 39(6), pages 3281-3295, June.
  4. Cowgill, Matt, 2013. "A Shrinking Slice of the Pie: The Labour Income Share in Australia," MPRA Paper 46209, University Library of Munich, Germany.
  5. Verikios, George & Zhang, Xiao-guang, 2013. "Structural change in the Australian electricity industry during the 1990s and the effect on household income distribution: A macro–micro approach," Economic Modelling, Elsevier, vol. 32(C), pages 564-575.
  6. George Verikios & Xiao-guang Zhang, 2013. "Reform of Australian Urban Transport: A CGE-Microsimulation Analysis of the Effects on Income Distribution," Centre of Policy Studies/IMPACT Centre Working Papers g-239, Victoria University, Centre of Policy Studies/IMPACT Centre.
  7. John L. Whiteman, 1999. "The Measurement Of Efficiency Where There Are Multiple Outputs," Centre of Policy Studies/IMPACT Centre Working Papers g-134, Victoria University, Centre of Policy Studies/IMPACT Centre.
  8. Madden, John Robert & Giesecke, James, 2002. "Competition reforms and collaborative federalism: a dynamic multiregional applied general equilibrium analysis," ERSA conference papers ersa02p343, European Regional Science Association.
  9. Naughten, Barry, 2003. "Economic assessment of combined cycle gas turbines in Australia: Some effects of microeconomic reform and technological change," Energy Policy, Elsevier, vol. 31(3), pages 225-245, February.
  10. Peter Kenyon, 1998. "Discussion of 'Dimensions, Structure and History of Australian Unemployment'," RBA Annual Conference Volume, in: Guy Debelle & Jeff Borland (ed.), Unemployment and the Australian Labour Market Reserve Bank of Australia.
  11. John L. Whiteman, 1998. "The Potential Benefits of Hilmer and Related Reforms: Electricity Supply," Centre of Policy Studies/IMPACT Centre Working Papers g-128, Victoria University, Centre of Policy Studies/IMPACT Centre.

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