Articles on Economics

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Prime Minister Malcolm Turnbull used part of his address to the national press club to sell the company tax cut. Mick Tsikas/AAP

What economists and tax experts think of the company tax cut

The federal government is still trying to convince senate crossbenchers to pass a company tax cut but tax experts and economists dispute all of its supposed benefits.
The threat of the closure of Arrium’s steelworks in the SA town of Whyalla is just one of many that could disrupt the state’s economy. Mick Tsikas/AAP

The search for an economic solution for South Australia

South Australia is facing a whole range of social and economic problems that are forming the perfect storm.
Modern monetary theorists aren’t concerned with budget repair. Joel Carrett/AAP

Explainer: what is modern monetary theory?

Modern monetary theory is gaining traction in a global economic environment that defies the efforts of policymakers to restore growth.
An M-Pesa agent and mobile phone shop in Nairobi. A decade after it was introduced economic benefits are being felt. EPA/Boniface Mwangi

Study provides fresh insights into the benefits of mobile money in Kenya

M-PESA was launched nearly a decade ago in Kenya. New evidence suggests that the mobile money banking system has helped reduced poverty levels, particularly in households headed by women.
MYEFO leaves Treasurer Scott Morrison with the difficult task of managing Australia through a period of both sluggish GDP growth and a persistent budget deficit. Mick Tsikas/AAP

There are two big political problems buried in the latest budget update

Next year GDP will grow at the second-slowest rate in 16 years, according to MYEFO. This has big implications for unemployment and the deficit.
MYEFO is more positive about the 2016-17 budget bottom line than previous expectations. However, projections over the forward estimates have worsened. Lukas Coch/AAP

2016-17 MYEFO experts’ response: more of the same is not good enough

While MYEFO discussion focuses on the budget deficit, experts say it also serves as a stark reminder of the need for bigger policy ideas in Canberra.

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