competitiveness

A Little Help For Ailing Economy
17 November 2023

A Little Help For Ailing Economy

Australia’s success in the pool and on the track at the Sydney 2000 Olympics was only surpassed by our rapidly growing economy, which was the envy of the world. During this period, our economy was fuelled by the hard-won gains of economic reforms including tax cuts, deregulation and policies to support small business. Together these delivered a boom time. Now,
Read
Parliamentary Research Brief – Australia’s Economic Competitiveness In Continuing Decline
13 November 2023

Parliamentary Research Brief – Australia’s Economic Competitiveness In Continuing Decline

In the 2000s, Australia consistently ranked as one of the most competitive economies in the world. But in recent years, Australia’s economic competitiveness has fallen behind. The International Institute for Management Development (IMD) published its latest World Competitiveness Ranking in June 2023. The Ranking is a comparative assessment of 64 of the world’s major economies, published annually in the IMD’s
Read
Australia’s Economic Competitiveness Plummets
13 November 2023

Australia’s Economic Competitiveness Plummets

“The sharp decline of Australia’s economic competitiveness on almost every economic measure is alarming, and underscores the precarious state of the national economy, which faces increasing inflation and debt challenges,” said Dr Kevin You, Senior Fellow at the Institute of Public Affairs. Today, the IPA released the first long-run analysis of benchmark indicators of competitiveness, as assessed by the International
Read
Senate Must Cut Australia’s High Business Tax
21 December 2017

Senate Must Cut Australia’s High Business Tax

“Australia must cut its high business tax rate so that Australian workers, consumers, and shareholders can keep more of their earned income,” said Daniel Wild, research fellow with the free market think tank the Institute of Public Affairs. President Trump is expected today to sign into law a reduction in the United States’ corporate tax rate from 35 per cent
Read
New Businesses Fallen By 60 Per Cent: Government Report
30 November 2017

New Businesses Fallen By 60 Per Cent: Government Report

A new report from the Department of Industry has found that the Australian entrepreneurship downturn is worse than previously thought. Earlier this month the IPA’s new report on entrepreneurship, Reigniting Australia’s Entrepreneurial Flame, found that there were 15,000 fewer new businesses created in 2016 than in 2003 and a fall in business entry rate of 16 per cent. This finding, which was based on analysis of the ABS business counts data, is despite working age population growing by
Read
Barriers To Prosperity: Red Tape And The Regulatory State In Australia
7 November 2017

Barriers To Prosperity: Red Tape And The Regulatory State In Australia

Australia has experienced 26 years of unbroken economic growth. However, this aggregate figure masks stagnant wages growth and a deterioration in the living standards of many in the Australian middle class. The central cause of this deterioration is low and declining levels of business investment, which is approaching historic lows. Overregulation and red tape are two key causes of weak
Read
IPA Report: Red Tape Reaches Crisis Point In Australia
7 November 2017

IPA Report: Red Tape Reaches Crisis Point In Australia

Free market think tank the Institute of Public Affairs has today released a new landmark report, Barriers to Prosperity: Red Tape and the Regulatory State in Australia, authored by IPA research fellow Daniel Wild, which highlights the extent of the red tape crisis in Australia “Red tape in Australia has reached a crisis point. Urgent action is needed from policy
Read
When It Comes To Red Tape Reduction, There’s Reason To Be Hopeful
6 November 2017

When It Comes To Red Tape Reduction, There’s Reason To Be Hopeful

Last Friday night, IPA Director of Policy, Simon Breheny, appeared on Sky TV to discuss the upcoming Queensland election and some of the election commitments that had been put forward. When Simon expressed his enthusiasm and support for the State Opposition’s pledge to cut red tape by twenty percent, he was met with a range of comments by his fellow
Read
Reigniting Australia’s Entrepreneurial Flame: Finding The Missing 275,000 Businesses
5 November 2017

Reigniting Australia’s Entrepreneurial Flame: Finding The Missing 275,000 Businesses

The Institute of Public Affairs has tracked the state of entrepreneurship in Australia since 2014. This research was developed by Dom Talimanidis, the IPA’s former Ian Mence Fellow for Entrepreneurship, and is now part of the IPA’s Cut Red Tape to Unleash Prosperity project. Talimanidis found that the rate of firm creation, a key measure of entrepreneurship, has decreased. This
Read
Reigniting Australia’s Entrepreneurial Flame
5 November 2017

Reigniting Australia’s Entrepreneurial Flame

Australian entrepreneurship is in a state of stagnation, largely due to red tape, which is threatening our prosperity, according to a new Institute of Public Affairs report Reigniting Australia’s entrepreneurial flame: Finding the missing 275,000 businesses authored by IPA research fellow Matthew Lesh. The report finds business entry and exit rates remain below 2003-04 levels, across all states and territories
Read