Correction to “The Australian Greens' Public Property Developer: An Input–Output Analysis”

Abstract

Satterlee, C. 2025. “The Australian Greens' Public Property Developer: An Input–Output Analysis” Australian Economic Papers, 64, 31–43, https://doi.org/10.1111/1467-8454.12376

In Section 4.5, in the paragraph that begins with “Here is a very basic first simulation to fix ideas,” the following sentences should be removed:

“Suppose we crudely assume that a typical FTE worker in the RBC industry works 1700 h per year. This assumes a 34-h workweek for 50 weeks of the year, which seems reasonably plausible for many industries including construction.”

Additionally, the sentence “This is carried out in the following two steps:” should be revised to: “This is carried out as follows:”

In the subsequent equation, remove the beginning “(i)” while keeping the rest of the equation unchanged, and remove the entirety of equation (ii).

Thus, the whole paragraph and equation should read as follows:

Here is a very basic first simulation to fix ideas. Given (a) the direct employment coefficient calculated above, and (b) the required $84.14 billion increase in RBC industry product as calculated in Section 3.3, we can compute the direct number of RBC industry workers required to fulfill the first year of the Greens' plan. This is carried out as follows:

$\begin{array}{cc}\text{Additional FTE labour units}& =\frac{1.3\times 84.14\times {10}^9}{{10}^6}\\ & =109.38\times {10}^3\text{FTE labour units}\end{array}$

We apologize for this error.