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 InfoPaper provided by Centre for Economic Policy Research, Research School of Economics, Australian National University in its series CEPR Discussion Papers with number 338.
Length: 23 pages
Date of creation: 1995
Date of revision:
PRODUCTIVITY; EVALUATION; ECONOMIC REFORM;
Other versions of this item:
- John Quiggin, 1997. "Estimating the Benefits of Hilmer and Related Reforms," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 30(3), pages 256-272.
- 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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