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Bad Politics makes bad policy: the case of Queensland's Asset Sales Program

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  • Quiggin, John

Abstract

On 2 June 2009, the Queensland Government announced a programme of asset sales projected to realise $15 billion. In this article, the public case for privatisation put forward by the Queensland Government is shown to be wrong and, in important respects, deliberately misleading. It is argued that the presentation of a spurious case for privatisation has contributed to poor policy decisions regarding the choice of assets to be sold, the failure to restructure the rail industry to promote competition, and the adoption of inferior methods for sale. Copyright (c) 2010 The Economic Society of Australia.

Suggested Citation

  • Quiggin, John, 2010. "Bad Politics makes bad policy: the case of Queensland's Asset Sales Program," Risk and Sustainable Management Group Working Papers 151523, University of Queensland, School of Economics.
    • Handle: RePEc:ags:uqsers:151523
    DOI: 10.22004/ag.econ.151523
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    References listed on IDEAS

    as
    1. Mehra, Rajnish & Prescott, Edward C., 1985. "The equity premium: A puzzle," Journal of Monetary Economics, Elsevier, vol. 15(2), pages 145-161, March.
    2. repec:bla:econom:v:70:y:2003:i:277:p:1-18 is not listed on IDEAS
    3. Simon Grant & John Quiggin, 2006. "The Risk Premium For Equity: Implications For Resource Allocation, Welfare And Policy," Australian Economic Papers, Wiley Blackwell, vol. 45(3), pages 253-268, September.
    4. John Quiggin, 1995. "Does Privatisation Pay?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 28(2), pages 23-42, April.
    5. Stephen King & Rohan Pitchford, 1998. "Privatisation in Australia: Understanding the Incentives in Public and Private Firms," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 31(4), pages 313-328, December.
    6. Ross Guest, 2010. "The Proposed Privatisation of Queensland Motorways," Economic Papers, The Economic Society of Australia, vol. 29(1), pages 23-33, March.
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