The distributional consequences of record high profits and record low real wage growth have been widely discussed in Australia recently, but the data presented in this paper suggests that rising profits are now the major driver of inflation.
The purpose of this paper is to revisit some earlier work that attempted to estimate the proportion of the mining industry that is foreign owned. This was made possible with access to the Bloomberg Professional Terminal database that gives corporate ownership by geographic region.
The Morrison Government has released a ‘whole of economy plan’ to achieve net zero emissions by 2050. This paper focuses on the plausibility of the Morrison Government’s belief that the course of the Australian economy can be significantly altered without changes in policy, without the...
The 2021 Intergenerational report contained many references to GDP, but barely mentioned wealth or capital gains. This paper begins to redress that omission by including wealth and capital gains in the discussion of trends likely to persist in Australia over the next 40 years.