GDP

Mass Migration Has Failed To Solve Worker Shortage Crisis
6 June 2024

Mass Migration Has Failed To Solve Worker Shortage Crisis

This research note has been prepared to assess the impact of the Australia’s migration programme on the level of job vacancies in the national economy. Chart 1: Overseas permanent and long-term arrivals vs net decline in job vacancies, March 2023 to March 2024 Source: IPA; ABS; Jobs and Skills Australia
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National Accounts Data Shows Longest GDP Per Capita Decline On Record
5 June 2024

National Accounts Data Shows Longest GDP Per Capita Decline On Record

“Australia’s experiment with a mass-migration led economic growth strategy has failed spectacularly, and has delivered the longest period of per capita economic decline on record,” said Daniel Wild, Deputy Executive Director of the Institute of Public Affairs. Australian Bureau of Statistics’ National Accounts data for the March 2024 quarter, released today, confirms the devastating impact the federal government’s out-of-control migration
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Australia’s Declining Standard Of Living
11 May 2024

Australia’s Declining Standard Of Living

GDP per capita is a better measure of living standards than headline GDP, because the effects of population are accounted for. For the first time since the 1980s, Australia’s per capita growth has declined for four consecutive quarters (under -0.1 per cent in the March 2023 quarter; -0.2 per cent in the June 2023 quarter, -0.5 per cent in the
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IPA State Economic Scorecard 2024 – Western Australia Best Performing State, Victoria Economic Basket Case
12 March 2024

IPA State Economic Scorecard 2024 – Western Australia Best Performing State, Victoria Economic Basket Case

“Although the focus of economic policy is usually at the federal level, decisions made by state governments have real-world consequences for families and businesses. With economic headwinds gathering, measuring state government performance is critical,” said Lachlan Clark, Research Fellow at the Institute of Public Affairs. Today, the IPA released its State Economic Scorecard 2024, ranking the performance of Australian states
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State Economic Scorecard 2024
12 March 2024

State Economic Scorecard 2024

Key Findings This research note assesses the performance of each Australian state across ten key economic measures, to develop a state economic scorecard. The measures use the most recently available data across a variety of macroeconomic metrics, and finds: Table A: Relative strengths and weaknesses of Australian states in key economic measures
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The Growth Of Federal Environmental Law 1971 To 2016
30 April 2017

The Growth Of Federal Environmental Law 1971 To 2016

Red tape costs the Australian economy at least $176 billion, or 11 per cent of GDP, each year in foregone economic output. Environmental red tape and regulation in particular has grown significantly in recent decades. This report provides an objective measure of the growth of federal environmental legislation since the creation of the first Commonwealth environmental department in 1971. The
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Business Investment In Australia Now Lower Than Under Whitlam
8 March 2017

Business Investment In Australia Now Lower Than Under Whitlam

Business investment in Australia is 12.2% of GDP and is forecast to fall to a record low nine per cent of GDP by 2020, according to Macquarie Research. During the Whitlam era of economic crisis business investment averaged 13.7% of GDP. Download the full report here
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Dry: In Defence of Economic Freedom
10 July 2002

Dry: In Defence of Economic Freedom

Download the full book here. Much of the world is still horrible but during the final quarter of the 20th Century life spans greatly increased almost everywhere especially in the once-poor countries of East Asia. The economic order that achieved these momentous gains is now threatened by ‘anti-globalisation’. We began the new millennium with blessings close to home. Australians were
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