Revisiting the reliability of ABS' GDP growth estimates - 2002 RBA research paper

Estimates of GDP growth have, at least for some periods, been subject to substantial alteration for quite some time after they were first released—sometimes for as much as 5-10 years. This issue was the subject of one of the more interesting past RBA research discusison papers—Real-time National Accounts Data by Andrew Stone and Sharon Wardrop (September 2002).

Food Security 1 — Asia & the Pacific Policy Studies conference

I was at an Asia & the Pacific Policy Studies conference at the ANU last week. The lowlight of an otherwise excellent conference was the final session on food security. Particularly ordinary was the presentation by Julian Cribb, a science communicator and journalist. The slides or papers aren't available yet, but his talk was consistent with this presentation and his book The Coming Famine.

Food Security 2 — Presentation to the Academy of Social Sciences

In my earlier blog today, Food Security 1, on the food security seminar convened last week by the ANU, I referred to a 2011 symposium organised by the Academy of Social Sciences in Australia, following release of the PMSEIC report on food security.

I presented on the issue of agricultural production in the Murray-Darling Basin in the context of international food security (I was chief economist at the  Murray-Darling Basin Authority at the time). While not criticising the PMSEIC report directly, I pointed out that water (in this case) was just one factor of production, and farmers are adept at maintaining production, even in the face of very sizable changes in input availability or prices.

Food Security 3 — Agricultural productivity growth

At the recent ABARES Outlook 2014 conference, there was an excellent presentation by Ken Ash of the OECD on Policies to Enhance Agricultural Productivity Growth.

Productivity Commission Staff Paper - Non-market Valuation

A new Productivity Commission Staff Working Paper examines the potential for these methods to contribute to policy decisions that better reflect community preferences. The paper also offers suggestions on how best use can be made of non-market valuation in developing environmental policy.

ANU forum on competition policy reforms - Rod Sims

The ANU Crawford School hosted an excellent forum on Friday, mostly a retrospective from key players in the 1995 Hilmer competition reforms, but also with some interesting insights into competition policy design and work left to do for the Abbott Government's new review.

Rod Sims talked about what the Abbott Government's proposed review of competition policy should focus on, and what can be learnt from the Hilmer reforms.

ANU forum on competition policy reforms - Peter Harris

The ANU Crawford School hosted an excellent forum on Friday, mostly a retrospective from key players in the 1995 Hilmer competition reforms, but also with some interesting insights into competition policy design and work left to do for the Abbott Government's new review.

Peter Harris scoffed at the idea that all the low hanging fruit (in terms of economic reform) had been picked—there never was any low hanging fruit. Getting agreement to undertake the Hilmer review was extremely difficult, and so too was implementing the competition reforms.