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Learning from Other Economies: The Unique Institutional and Policy Experiments Down Under

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Richard B. Freeman

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Abstract

This paper argues that detailed studies of particular economies, such as Bob Gregory%u2019s work on Australia, are relevant to all of economics. The paper builds on the concept of a model species from biology to develop the notion of a model economy %u2013 one whose experiences illuminate fundamental economic issues; examines the criterion for an economy to serve as a model economy; and describes three areas %u2013 labour relations and the awards system of wage-setting, marketizing public services and growth through immigration and natural resources %u2013 where Australian experience provides insights into economic behaviour and the operation of markets broadly.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 12116.

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Date of creation: Mar 2006
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Handle: RePEc:nbr:nberwo:12116

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  4. Paul L. Joskow, 2001. "California's Electricity Crisis," NBER Working Papers 8442, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  21. Jeff Borland, 1999. "The Equal Pay Case-Thirty Years On," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 32(3), pages 265-272. [Downloadable!] (restricted)
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  24. Bob Gregory, 1999. "Labour Market Institutions and the Gender Pay Ratio," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 32(3), pages 273-278. [Downloadable!] (restricted)
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  28. P.N.(Raja) Junankar & David Pope & Glenn Withers, 1998. "Immigration and the Australian Macroeconomy: Perspective and Prospective," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 31(4), pages 435-444. [Downloadable!] (restricted)
  29. Paul W. Miller, 1999. "Immigration Policy and Immigrant Quality: The Australian Points System," American Economic Review, American Economic Association, vol. 89(2), pages 192-197, May. [Downloadable!] (restricted)
  30. Paul Oslington, 2005. "Contracting-Out of Assistance to the Unemployed: Implications of the Australian Experiment," The Economic Record, The Economic Society of Australia, vol. 81(252), pages 30-37, 03. [Downloadable!] (restricted)
  31. Barry R. Chiswick & Yew Liang Lee & Paul W. Miller, 2005. "Immigrant Earnings: A Longitudinal Analysis," Review of Income and Wealth, Blackwell Publishing, vol. 51(4), pages 485-503, December. [Downloadable!] (restricted)
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  1. Chris Doucouliagos & Phillip Hone & Mehmet Ulubasoglu, 2006. "Discrimination, Peformance and Career Progression in Australian Public Sector Labor Markets," Economics Series 2006_07, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance. [Downloadable!]
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