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A Zippier Economy: Lessons from the 1992 Hilmer Competition Reforms

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  • Andrew Leigh

Abstract

The Hilmer Review and National Competition Policy reforms were an important part of the 1990s productivity surge and have been estimated to have delivered a permanent 2.5 per cent lift in GDP. I outline the key elements of these reforms and identify seven lessons for modern competition reformers. In the 2020s, with the startup rate falling and market concentration rising, boosting competition is one way of increasing productivity and improving the dynamism of the Australian economy.

Suggested Citation

  • Andrew Leigh, 2023. "A Zippier Economy: Lessons from the 1992 Hilmer Competition Reforms," Economic Papers, The Economic Society of Australia, vol. 42(3), pages 229-235, September.
    • Handle: RePEc:bla:econpa:v:42:y:2023:i:3:p:229-235
    DOI: 10.1111/1759-3441.12388
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    References listed on IDEAS

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    1. Andrew Leigh, 2022. "A More Dynamic Economy," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 55(4), pages 431-440, December.
    2. Productivity Commission, 2005. "Review of National Competition Policy Reforms," Inquiry Reports, Productivity Commission, Government of Australia, number 33, January.
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