Hostname: page-component-cd9895bd7-dk4vv Total loading time: 0 Render date: 2024-12-22T19:39:33.329Z Has data issue: false hasContentIssue false

What Should We Expect of Microeconomic Reform?

Published online by Cambridge University Press:  01 January 2023

Ross Chapman*
Affiliation:
School of Economics, University of New South Wales
Rights & Permissions [Opens in a new window]

Abstract

Core share and HTML view are not available for this content. However, as you have access to this content, a full PDF is available via the ‘Save PDF’ action button.

This paper examines recent attempts to quantify the effects of some major microeconomic reforms on the Australian economy. These micro reforms improve competitiveness. Such measures, however, would apparently do little to raise the share of the manufacturing sector in national product despite induced improvements in competitiveness. The relationship between micro reform and the balance of payments is explored. Some attempts to measure the impact of specific micro reform on the environment are also analysed.

Type
Article
Copyright
Copyright © The Author(s) 1990

References

Aschauer, D.A., (1989) “Is Public Expenditure Productive?” Journal of Monetary Economics, Vol. 23, 177200.CrossRefGoogle Scholar
Dixon, P., Parmenter, B.R., Sutton, J., Vincent, D., (1982) ORANI: A Multisectoral Model of the Australian Economy, North Holland, N. Y.Google Scholar
Forsyth, P., (1990a) ‘“Competitiveness, Microeconomic Reform and the Current Account Deficit” Centre for Economic Policy Research Discussion Paper No. 228 Australian National University, Canberra.Google Scholar
Forsyth, P.(1990b) Can Australia Compete? A Perspective on the Competitiveness of the Australian Economy. Paper presented to the 19th Conference of Economists, University of New South Wales, Sydney.Google Scholar
Freebairn, J., (1990) “Some Results from the ORANI-F Model”, Australian National University Centre for Economic Policy Research, Discussion Paper No. 224.Google Scholar
Garnault, R., (1989) Australia and the North-east Asian Ascendancy, A.G.P.S., Canberra.Google Scholar
Harberger, A., (1954) “Monopoly and Resource Allocation”, American Economic Review, Vol. 44, 7787.Google Scholar
Industries Assistance Commission (1989) Report No. 422, Government (Non-Tax) Charges, A.G.P.S., Canberra.Google Scholar
Industries Assistance Commission (1990b) Draft Report, Recycling, Vol. 1, Canberra.Google Scholar
McCormick, R., Shughart, W., Tollison, R., (1984) “The Disinterest in Deregulation” American Economic Review Vol. 74 No. 5, 10751079.Google Scholar
Evans, Pappas Carter, Koop, (1989), What Part Will Manufacturing Play in Australia’s Future? Australian Manufacturing Council, Melbourne.Google Scholar
Posner, R., (1975) “The Social Costs of Monopoly and Regulation”, Journal of Political Economy, Vol. 83, 807827.CrossRefGoogle Scholar
Powell, A., Cooper, R., McLaren, K., (1983) “Macroeconomic Closure in Applied General Equilibrium Modelling” Impact Project Working Paper No. 1P-19, Melbourne.Google Scholar
Skumatz, L., Breckinridge, C., (1990) Variable Rates in Solid Waste: Handbook for Solid Waste Managers Vol 1, US Environmental Protection Agency and City of Seattle.Google Scholar
Stigler, G., (1956) “The Statistics of Monopolies and Mergers” Journal of Political Economy Vol. 64, No. 1, 3340.CrossRefGoogle Scholar