Economic modelling

Analysis and Comment (8)

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The lack of transparency for the economic modelling of the Galilee Coal Project means the public must rely on the word of Waratah Coal. AAP Image/Lukas Coch

Can we trust Clive? Commercial-in-confidence coal mines

By Richard Denniss

Clive Palmer’s Waratah Coal claims its Galilee Coal Project, which will create four underground mines, two open-cut mines, and 468 kilometres of railway line in central Queensland, will bring economic…
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Australia’s future depends on decisions we make today – what’s coming towards us? Johnny Ross

Where is Australia headed? Some future projections

By Beth Fulton, CSIRO

Australians want a future of sustainable self-sufficiency and a healthy environment supporting a robust democracy – free of poverty and inequity. That was one of our projections, as part of the Australia…
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Robert F Kennedy thought it a mistake to equate success with what we produce. RFK Wharehouse

There’s more to good policy than increasing GDP

By John Quiggin

Economists are regularly criticised for worrying about gross domestic product (GDP) and similar measures. The classic statement of the case was by Robert F Kennedy: “Too much and too long, we seem to…
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Nobel Prize in Economics winners Christopher Sims and Thomas Sargent: in the neoclassic mold. AAP

Why does neoclassical thinking still dominate economics?

By Damien Cahill

The Sveriges Riksbank’s Prize in Economic Sciences – or the Nobel prize in economics – awarded last week to Thomas Sargent and Christopher Sims– implicitly claims that economics is a science. But how…
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Joint Nobel Prize in Economics winners Christopher Sims and Thomas Sargent have contributed a body of work over decades. AAP

Economists' lifetime of work honoured with Nobel prize

By Andrew John, Melbourne Business School

Princeton University professor Christopher Sims and New York University economist Thomas Sargent have been jointly named the 2011 winners of the Nobel Prize in Economics (or, for the purists, the Sveriges…
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Does the finance industry rely too heavily on contestable economic data? AAP

The problem with our economic data addiction

By Bruce Littleboy

People who work in business and finance are obsessed with economic data releases – GDP growth figures, unemployment rates, trade statistics, and so on. Business journalists, investors, financial analysts…
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Big sporting events often make a loss, but the locals still enjoy the party. AFP/Franck Fife

What will the Rugby World Cup be worth to New Zealand?

By Sam Richardson, Massey University

RUGBY WORLD CUP – In the latest of The Conversation’s series on the Rugby World Cup, Massey University’s Sam Richardson looks at the costs and benefits to the host country New Zealand. New Zealand has…

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