Estimating the Benefits of Hilmer and Related Reforms
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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| Length: | 23 pages |
| Date of creation: | 1995 |
| Date of revision: | |
| Handle: | RePEc:auu:dpaper:338 |
| Contact details of provider: | Postal: +61 2 6125 3807 Phone: +61 2 6125 3807 Fax: +61 2 6125 0744 Web page: http://rse.anu.edu.au/cepr.php Email: More information through EDIRC
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