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Looking back on microeconomic reform: a skeptical viewpoint

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  • John Quiggin

    (Department of Economics, University of Queensland)

Abstract

Microeconomic reform dominated Australian economic policy from the early 1980s until the end of the 20th century. Despite strong claims of success, focusing on the economic expansion since 1992, and rapid productivity growth between 1993-94 and 1998-99, evidence of improvements in the performance of the economy as a whole is weak and inconclusive. For an adequate evaluation of the microeconomic reform period, it is necessary to distinguish several different phases of reform and to evaluate reforms on a case-by-case basis.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • John Quiggin, 2003. "Looking back on microeconomic reform: a skeptical viewpoint," Australian Public Policy Program Working Papers WPP03_1, Risk and Sustainable Management Group, University of Queensland, revised Aug 2003.
    • Handle: RePEc:rsm:pubpol:p03_1
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    File URL: http://www.uq.edu.au/rsmg/WP/WPP03_1.pdf
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    References listed on IDEAS

    as
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    Cited by:

    1. Bibek Adhikari & Romain Duval & Bingjie Hu & Prakash Loungani, 2018. "Can Reform Waves Turn the Tide? Some Case Studies using the Synthetic Control Method," Open Economies Review, Springer, vol. 29(4), pages 879-910, September.
    2. John Edwards & David Gruen & John Quiggin, 2011. "Wrap-up Discussion," RBA Annual Conference Volume (Discontinued), in: Hugo Gerard & Jonathan Kearns (ed.),The Australian Economy in the 2000s, Reserve Bank of Australia.
    3. Quiggin, John, 2011. "The Lost Golden Age of Productivity Growth?," Risk and Sustainable Management Group Working Papers 151526, University of Queensland, School of Economics.

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    More about this item

    Keywords

    Microeconomic reform productivity;

    JEL classification:

    • D41 - Microeconomics - - Market Structure, Pricing, and Design - - - Perfect Competition

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