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Labour Mobility With Vocational Skill: Australian Demand and Pacific Supply 具有职业技能的劳动力流动：澳大利亚需求与太平洋供应
IF 1 4区 经济学
Australian Economic Review Pub Date : 2023-08-04 DOI: 10.1111/1467-8462.12522
Michael A. Clemens, Satish Chand
{"title":"Labour Mobility With Vocational Skill: Australian Demand and Pacific Supply","authors":"Michael A. Clemens,&nbsp;Satish Chand","doi":"10.1111/1467-8462.12522","DOIUrl":"10.1111/1467-8462.12522","url":null,"abstract":"<p>Can new channels for mid-skill labour mobility simultaneously enhance the welfare of Australia and the Pacific Region? Answering this question requires forecasting Australian demand for vocationally-skilled migrants over the next generation, and the potential for Pacific supply of those migrants. We project demand for such mid-skill migrants over the next three decades by combining data on trends in the demand for basic tasks with data on trends in native investment in education commensurate with those tasks. We estimate that the Australian economy growing at historical rates through the year 2050 will demand approximately 1.6–2.1 million foreign workers with Technical and Vocational Education and Training. A large share of these could be supplied from the Pacific Islands with sufficient investment in training, with direct cooperation from Australian employers, and targeted access to the Australian labour market.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 4","pages":"462-486"},"PeriodicalIF":1.0,"publicationDate":"2023-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12522","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47351094","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Housing Fever in Australia 2020–23: Insights from an Econometric Thermometer 澳大利亚2020-23年的住房热:计量经济学温度计的见解
IF 1 4区 经济学
Australian Economic Review Pub Date : 2023-08-04 DOI: 10.1111/1467-8462.12523
Shuping Shi, Peter C. B. Phillips
{"title":"Housing Fever in Australia 2020–23: Insights from an Econometric Thermometer","authors":"Shuping Shi,&nbsp;Peter C. B. Phillips","doi":"10.1111/1467-8462.12523","DOIUrl":"10.1111/1467-8462.12523","url":null,"abstract":"<p>Australian housing markets experienced widespread and, in some cases, extraordinary growth in prices between 2020 and 2023. Using recently developed methodology that accounts for fundamental economic drivers, we assess the existence and degree of speculative behaviour, as well as the timing of exuberance and downturns in these markets. Our findings indicate that speculative behaviour was indeed present in six of the eight capital cities at some time over the period studied. The sequence of events in this nation-wide housing bubble began in the Brisbane market and concluded in Melbourne, Canberra, and Hobart following the interest rate rise implemented by the Reserve Bank of Australia in May 2022. As of March 2023, the housing markets in Sydney, Canberra and Hobart had broadly regained stability, while Melbourne's return to its normal state is more gradual. In addition, over-corrections against fundamentals are evident in the housing markets of Brisbane, Adelaide, Darwin and Perth. For regular updates on the housing markets, readers may visit the authors' website at https://www.housing-fever.com.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 3","pages":"357-362"},"PeriodicalIF":1.0,"publicationDate":"2023-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12523","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47839143","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Changing Nature of Patents in Australia 澳大利亚专利性质的变化
IF 1 4区 经济学
Australian Economic Review Pub Date : 2023-07-26 DOI: 10.1111/1467-8462.12521
Sasan Bakhtiari
{"title":"Changing Nature of Patents in Australia","authors":"Sasan Bakhtiari","doi":"10.1111/1467-8462.12521","DOIUrl":"https://doi.org/10.1111/1467-8462.12521","url":null,"abstract":"<p>Recent decades have seen substantial changes to the innovation systems of major economies, not least due to a paradigm shift caused by the digital revolution. Whether smaller advanced economies such as Australia have undergone a similar shift or moved to fill the void left by other countries is unclear. This issue is important as it sets the long-term growth path of these economies. I use Australian patent data and show that there has been a similar surge in Australia in patenting, mainly driven by medical and digital technologies. Australia, however, is showing more strength in a few niche areas. At the same time, the scope of patents, as one measure of basicness, narrowed over the years. This has been driven by private companies opting for applied research and also refocusing their innovation efforts away from chemical and material technologies and onto digital technologies and other applied areas.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 3","pages":"288-307"},"PeriodicalIF":1.0,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12521","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50154590","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Under- and Postgraduate Education in Health Economics for Australia's Medical Practitioners: Time for Change? 澳大利亚执业医师健康经济学的初级和研究生教育：是时候改变了吗？
IF 1 4区 经济学
Australian Economic Review Pub Date : 2023-06-23 DOI: 10.1111/1467-8462.12520
Jeffrey C. L. Looi, Jasmine M. Davis, Martin Hensher, Stephen J. Robson
{"title":"Under- and Postgraduate Education in Health Economics for Australia's Medical Practitioners: Time for Change?","authors":"Jeffrey C. L. Looi,&nbsp;Jasmine M. Davis,&nbsp;Martin Hensher,&nbsp;Stephen J. Robson","doi":"10.1111/1467-8462.12520","DOIUrl":"10.1111/1467-8462.12520","url":null,"abstract":"<p>Directly or indirectly, medical practitioners influence health-care policy and spending through their clinical decision-making. As medical expertise and technology has grown, and patient choice has been empowered by the consumer movement, there are now many more medical interventions than can be accommodated in a finite national health-care budget. We reviewed the Australian Medical Council, Medical School and Medical Specialist curricula. In Australia, medical students, doctors and medical specialists do not appear to have specific health economics education that would improve skills to select beneficial and cost-effective care. We propose a framework for medical practitioner health economics education.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 3","pages":"393-412"},"PeriodicalIF":1.0,"publicationDate":"2023-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12520","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41780731","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Local House Price Effects of Internal Migration in Queensland: Australia's Interstate Migration Capital 昆士兰国内移民对当地房价的影响：澳大利亚州际移民之都
IF 1 4区 经济学
Australian Economic Review Pub Date : 2023-06-13 DOI: 10.1111/1467-8462.12512
Isil Erol, Umut Unal
{"title":"Local House Price Effects of Internal Migration in Queensland: Australia's Interstate Migration Capital","authors":"Isil Erol,&nbsp;Umut Unal","doi":"10.1111/1467-8462.12512","DOIUrl":"10.1111/1467-8462.12512","url":null,"abstract":"<p>We examine the causal impact of internal migration on housing prices across 82 Statistical Areas Level 3 regions in Queensland, Australia from 2014–2019. The primary findings are: (i) an annual increase in the inflow of migrants equal to 1 per cent of a region's initial population leads to a 0.6 to 0.7 per cent annual increase in Queensland's house prices across different empirical specifications; (ii) this effect differs between the Greater Brisbane metropolitan area and Rest of State areas; (iii) migration from New South Wales fails to produce a significant influence on house price growth in Queensland.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 3","pages":"308-327"},"PeriodicalIF":1.0,"publicationDate":"2023-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43841562","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Why we should increase Rent Assistance 为什么我们要增加租金援助?
IF 1 4区 经济学
Australian Economic Review Pub Date : 2023-06-02 DOI: 10.1111/1467-8462.12519
Bruce Bradbury
{"title":"Why we should increase Rent Assistance","authors":"Bruce Bradbury","doi":"10.1111/1467-8462.12519","DOIUrl":"10.1111/1467-8462.12519","url":null,"abstract":"<p>While the 2023–24 Budget saw the first real increase in rent assistance in Australia since 1990, this was small compared to the growth in real incomes over the three decades. Rapid increases in advertised rents, and expectations that these will flow through to average rents, make an increase in this payment all the more urgent. This article reviews the arguments for and against providing rent assistance to income support recipients in Australia and argues for a serious consideration of the 2010 recommendations of the <i>Report into Australia's Future Tax System</i> for a substantial increase in this payment.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 2","pages":"249-254"},"PeriodicalIF":1.0,"publicationDate":"2023-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12519","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48023387","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Reforming the Private Rental Sector: Challenges in the 2020s and Beyond 改革私人租赁行业：20世纪20年代及以后的挑战
IF 1 4区 经济学
Australian Economic Review Pub Date : 2023-05-30 DOI: 10.1111/1467-8462.12518
Kath Hulse, Zoë Goodall
{"title":"Reforming the Private Rental Sector: Challenges in the 2020s and Beyond","authors":"Kath Hulse,&nbsp;Zoë Goodall","doi":"10.1111/1467-8462.12518","DOIUrl":"https://doi.org/10.1111/1467-8462.12518","url":null,"abstract":"<p>Researchers, policy-makers and the media all highlight a crisis in the Australian private rental sector. Often, proposed rental reforms that centre tenants are claimed to cause property owner disinvestment and have a negative impact on the rental market. Recent research which we co-authored found these claims are not substantiated by evidence. In this article, we argue that further reforms are needed to improve the functioning of the rental market for tenants. We examine some of the most contentious issues in rental regulation and assess the evidence of their impacts, drawing from our own research as well as that of others.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 2","pages":"240-248"},"PeriodicalIF":1.0,"publicationDate":"2023-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50125894","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Alternatives to Paying Child Benefit to the Rich: Means-Testing or Higher Tax? 向富人支付儿童福利的替代方案：经济状况调查还是更高的税收？
IF 1 4区 经济学
Australian Economic Review Pub Date : 2023-05-16 DOI: 10.1111/1467-8462.12511
Ray Rees, Thor O. Thoresen, Trine E. Vattø
{"title":"Alternatives to Paying Child Benefit to the Rich: Means-Testing or Higher Tax?","authors":"Ray Rees,&nbsp;Thor O. Thoresen,&nbsp;Trine E. Vattø","doi":"10.1111/1467-8462.12511","DOIUrl":"https://doi.org/10.1111/1467-8462.12511","url":null,"abstract":"<p><i>There appears to be a general movement away from universal child benefits and towards means-testing. In the present article we argue that instead of suppressing the labour supply of middle-income parents by withdrawing the transfer as a function of income, one should consider the alternative of financing a generous universal child benefit by increasing taxation of income. The implications of means-testing compared with a tax-financed universal alternative are discussed analytically in a piecewise linear schedule and by combining information from behavioural and non-behavioural micro-simulation models. Our results provide support for making child benefit universal instead of means-tested</i>.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 3","pages":"328-354"},"PeriodicalIF":1.0,"publicationDate":"2023-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50143799","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Volatile Mining Revenues and State Government Budget Decisions 波动的矿业收入和州政府预算决策
IF 1 4区 经济学
Australian Economic Review Pub Date : 2023-04-28 DOI: 10.1111/1467-8462.12510
John Freebairn, William Griffiths
{"title":"Volatile Mining Revenues and State Government Budget Decisions","authors":"John Freebairn,&nbsp;William Griffiths","doi":"10.1111/1467-8462.12510","DOIUrl":"10.1111/1467-8462.12510","url":null,"abstract":"<p><i>Mining royalties provide a volatile source of revenue for state governments in Australia. We explore the effects of changes in royalty revenue received by a state government on current-year budget decisions about expenditure, tax revenue and the budget surplus. The literature postulates different models for how lower-level government budget decisions respond to a revenue windfall from a higher level of government. Empirical evidence on these models over 1998–2019 provides strong evidence that over a half of a royalty windfall becomes a change in budget expenditure. Estimates of changes to tax revenues and the surplus are not definitive nor robust</i>.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 2","pages":"192-203"},"PeriodicalIF":1.0,"publicationDate":"2023-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12510","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42560891","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Market for Economics and Finance PhDs 经济学和金融学博士市场
IF 1 4区 经济学
Australian Economic Review Pub Date : 2023-03-17 DOI: 10.1111/1467-8462.12509
Yihui Lan, Ian W. Li, Zong Ken Chai, Kenneth W. Clements
{"title":"The Market for Economics and Finance PhDs","authors":"Yihui Lan,&nbsp;Ian W. Li,&nbsp;Zong Ken Chai,&nbsp;Kenneth W. Clements","doi":"10.1111/1467-8462.12509","DOIUrl":"10.1111/1467-8462.12509","url":null,"abstract":"<p>This paper presents new information about the post-graduation activities of those with a PhD in economics and finance from an Australian university. Approximately 40 per cent have an academic job, while the other 60 per cent work elsewhere or engage in other activities. The analysis includes origin‒destination networks for both the academic and non-academic markets, the determinants of earnings and measures of overqualification and underemployment. The findings of the paper can provide guidance for those completing or contemplating PhD studies.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 2","pages":"163-191"},"PeriodicalIF":1.0,"publicationDate":"2023-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12509","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42034877","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
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