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Articles on Economic modelling

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A South African street vendor awaits customers. The country has some of the highest inequality in the world. Mujahid Safodien/AFP via Getty Images

A basic income grant for South Africa: more money in poor people’s pockets, but at a heavy cost

An unfunded expansion of the social transfer system could lead to even worse economic outcomes — the medicine should not be worse than the disease.
Economists are using models to try to determine what short- and long-term impacts the coronavirus pandemic will have on the global economy. (AP Photo/Koji Sasahara)

It could take two years for the economy to recover from the coronavirus pandemic

As countries get ready to re-open their economies, will there be a post-pandemic recovery? History and current economic models suggest those looking for a quick rebound will be disappointed.
Federal and state governments have put their hands up to fund airport rail links before we have even seen business cases. David Crosling/AAP

Missing evidence base for big calls on infrastructure costs us all

Billions of taxpayer dollars are committed before all the evidence for, and against, infrastructure projects is in. As well as missing business cases, basic rules of economic modelling are broken.

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