Monthly Archives: July 2015

Qld Business Leaders Hall of Fame induction dinner 2015 – good selection but for one controversial choice

Last night, at the Brisbane Convention and Exhibition Centre, six past and present leaders of the Queensland business community were induced in to the Queensland Business Leaders Hall of Fame. The inductees for 2015 were: Lawrence Wackett, the so-called father … Continue reading

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Productivity Commission re-litigates road pricing reform

In situations where demand exceeds supply, a good or service can either be rationed by queuing or rationed by price. Economic theory is clear that it is most efficient to ration by price, as the good or service goes to … Continue reading

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GST much more efficient way to raise revenue than income tax

Flavio Menezes, Economics Professor at the University of Queensland, has an interesting piece at the Conversation fact checking a bold claim by federal MP Andrew Leigh that the GST is as economically inefficient as the income tax and less equitable … Continue reading

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Lessons from John Howard’s GST reform suggest current tax reform process will most likely fail

At a panel discussion on tax reform in Brisbane last night, there were some important insights for the current taxation debate made by former PM John Howard’s economic adviser Peter Crone, Australian newspaper contributing editor Professor Judith Sloan, and Griffith’s … Continue reading

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RBA to address ESA Qld seminar on recent labour market developments

As Australia has experienced below-trend economic growth recently, and the unemployment rate has crept up to around 6 per cent, reducing the bargaining power of employees, wages growth has fallen (chart above). This in turn has contributed to relatively low … Continue reading

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Qld Govt expenditure growth has resumed after extraordinary period of austerity

The debate over the 2015-16 Queensland Budget continues, with the Courier-Mail publishing an opinion piece by State Political Reporter Steven Wardill, Today’s problems in Queensland bigger tomorrow after Budget, say economists, quoting me and fellow economist (and friend and former … Continue reading

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Right diagnosis from Qld Treasury on Qld’s debt problem, but wrong prescription

The Review of State Finances (see p. 80) produced by Queensland Treasury to inform the 2015-16 Budget is clear that Queensland Government “debt is too high.” The Treasury acknowledges that the State’s balance sheet is not “in a position to … Continue reading

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