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Economics

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Economy
Economic management
Macroeconomics
Economic policy
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Report

Unlocking Australia’s R&D potential


Investment in Research and Development (R&D) plays a key role in driving productivity. Concerningly, Australia’s business R&D spending has fallen to half that of peer countries. The report provides real world examples of how large business R&D investment has a positive spillover effect. It proposes six targeted reforms to unlock a number of economic benefits.
Report

Productivity in the real world: what it is, what it isn’t, and how to make it work better for workers


Claims that Australia faces a productivity crisis are overblown, this report argues. It presents evidence showing productivity growth in recent decades has not been equally reflected in higher real wages and better living standards. Proactive measures to lift wages and living standards are needed if stronger productivity growth is to support stronger living standards.
Report

Transforming NDIS employment supports for sustainable growth and participant outcomes


This paper advocates for a comprehensive redesign of the National Disability Insurance Scheme's (NDIS) employment support framework. It argues too few participants have employment discussed during planning and funding and the current configuration of NDIS employment supports is in need of reform to deliver sustainable open employment outcomes for many participants.
Briefing paper

Who pays income tax? The distribution of individual income tax rates in Australia


Individual income taxes in Australia raise nearly half of federal government revenue. This note offers a new perspective on the efficiency and equity implications of the individual income tax system. The findings paint two starkly different pictures of horizontal and vertical equity in effective tax rates at high and low levels of income.
Report

Growth mindset: how to boost Australia’s productivity


The Productivity Commission has been asked by the Australian Government to conduct five inquiries to identify priority reforms under their five pillar productivity growth agenda. This introduction to the reports explores why reigniting productivity is essential to improving wellbeing and supporting strong, resilient and sustainable economic growth.