economic growth

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Tech innovation is no panacea

The rise of technology and talks of an ‘Ideas Boom’ sparks excitement for a new era of innovation. However, Taylor Nugent reveals why the tech industry may not be the most feasible platform to grow the economy.

Secular stagnation: looking to a gloomy future

It is not an overstatement to describe economic growth in much of the developed world—especially in the US and Europe—as lacklustre. Since the Global Financial Crisis of 2007–8, growth rates have consistently remained below trend. Notably, this dilemma has persisted for the last 7 years, so it’s about time we better understand why growth hasn’t returned to its pre-crisis trajectory.

Read moreSecular stagnation: looking to a gloomy future

Economic zoning – the way forward for Australian prosperity?

This article forms part of an ongoing series looking at economic issues as Australia heads into the Federal Election. More coverage can be found on the Election 2013 page of ESSA’s website.
We are now in the second week of Australia’s (seemingly eternal) election campaign. One of the more interesting policies to emerge from the general ‘I-want-to-make-you-happy-with-money’ guff is Prime Minister Kevin Rudd’s proposal to separate some northern regions of the country into their own ‘economic zone’.

Read moreEconomic zoning – the way forward for Australian prosperity?