Unless the government matches spending by other Western governments, the health service will fail.
Articles on GDP
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Economic models suggest that South Africa’s GDP would fall, inequality would deepen and unemployment would rise if university graduates don’t enter the labour market in 2017.
South Africa must examine how science funding is allocated to universities. It also needs to acknowledge that not all universities should be focusing on research and development.
The RBA leaves rates on hold, Australia gets a GDP growth spurt from pre-election spending, and the IMF lays the groundwork for a lowering of global growth expectations.
Central banks around the world are struggling with the failure of low (or negative) interest rates to breathe life back into ailing economies.
Increased development is always unsustainable, so let’s stop kidding ourselves.
Independent Senator Nick Xenophon wants the RBA to focus on economic growth, and he’s not alone.
South Africa has claimed back its status of the largest economy in Africa, toppling Nigeria, due to the appreciation of the rand. What’s prompted the movement?
India stands to economically benefit from the introduction of a Goods and Services Tax. Australia could also cash in.
Medal counts for individual countries from the Sydney 2000 to London 2012 Olympics have been predicted relatively accurately, using just a small number of demographic and economic characteristics.
Establishing a national minimum wage in South Africa will benefit the country by addressing working poverty and high levels of inequality.
The South African Reserve Bank has forecast zero percent growth for 2016. Some urgent steps are needed to get the country out of this hole.
The numerical basis used to study African economies suffers from major knowledge gaps. This needs to improve if numbers are to inform policies that will encourage growth and push back poverty.
Work, consume, die. The relentless drive for improvements in our workplaces brings unexpected costs.
GDP growth that doesn’t translate into income is no cause for celebration.
Education does help to grow the economy, but research highlights some severe limitations.
The adverse impact of the resources bust is still there, but the figures suggest the economy tracking at or above its potential.
Part two of British chancellor George Osborne’s case for staying put is realistic but flawed.
The global economy is already unsustainable – let alone if it gets bigger.
Our feelings of self-worth and contentment are no longer the preserve of writers and artists. Science has made measurement of our well-being a viable alternative to the banalities of economic output.
Top contributors
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Scientia Professor of Economics, UNSW
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Senior lecturer, Canberra School of Government, University of Canberra
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Professorial Fellow, University of Canberra
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Founding Director, Institute for Sustainability, University of Surrey
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Professor of Economics, University of Canberra
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Professor of Economics & Business, Allegheny College
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Dean of Business School, University of Southern Queensland
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Director, Centre of Policy Studies, Victoria University
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Associate Professor, School of Economics, University of Sydney
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Director and Professor, Australia-China Relations Institute (UTS:ACRI), University of Technology Sydney
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Associate Professor in International Macroeconomics, Cambridge Judge Business School
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Lecturer in Economics, University of the Witwatersrand
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Professor, School of Economics, The University of Queensland