As the engines of economic growth slow in Australia, there is a need for innovative policy changes to both raise economic growth but also to improve the wellbeing of Australia more generally. Design of good policy depends on a solid foundation of good data.
A recent workshop at The Australian National University convened by the Centre for Applied Macroeconomic Analysis, the Centre of Excellence in Population Aging Research, and the ANU Tax and Transfer Policy Institute explored this issue in great depth.
Governments hold vast banks of administrative data which, if mobilised, can be a potent force for policy development. In the hands of non-political quality research institutions, these data can fundamentally change the quality of policy design.
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