If Australian governments want to increase rates of economic growth they must reform the tax mix, and increase the workforce participation rates of women and older people, argues this report.
Together these game-changing reforms could contribute more than $70 billion to the Australian economy. Governments should concentrate their limited resources for economic reform where they can have the greatest impact on Australian prosperity.
This report aims to identify economic reforms that would produce the biggest returns and that would be supported by most policy specialists as both desirable and workable. It identifies areas where policy research should focus because there is potential for substantial economic reform, but not enough evidence to be sure. The report also aims to start a discussion about the importance of prioritising reform.