An Australian active member of our network draws our attention to an interesting technical document issued by the Productivity Commission on 23 September. It is a "discussion draft." to support on-going work on Identifying and Evaluating Regulatory Reforms, currently one of the most relevant issues in RR (see OECD conference in Madrid on a very close topic). It contains a considerable amount of in-depth analysis of methods for identifying and evaluating regulatory reforms, in both the main report and the very rich appendices.
Australia is part of a small group of countries that has chosen the "productivity" approach rather than focus on "competitiveness" (as Ireland, among others, does). In the opinion of this blogger, productivity makes more sense economically, is better rooted in theory, when dealing with the dynamics of factors of production.
The site of the Australian ministry of finance contains some interesting insights into the history and relevannce of productivity in the national context.
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