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Articles on Economic modelling

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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.
The report found that Sydney households face the highest transport costs of any city in Australia both in dollar terms and as a percentage of household income. AAP Image/Dan Himbrechts

FactCheck: does the average Australian family spend up to $22,000 every year on transport?

The Australian Automobile Association said that a new report showed that “the average Australian family is spending up to $22,000 every year to get around.” Is that accurate?
Nordic nations enjoy regulated working hours, substantial welfare provision and strong economies. www.shutterstock.com

We can learn a lot about public policy from the Nordic nations

At the end of this month Australia’s Productivity Commission will issue the final report of its inquiry into Early Childhood Education and Care. The inquiry was limited from the outset by the requirement…

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