Three game-changers for Australian growth

The Grattan Institute has identified a range of economic reform opportunities – including tax, female and older worker participation changes which could each boost GDP by $25 billion per year.

The Grattan Institute report, "Game-changers: Economic reform priorities for Australia", examines a wide range of economic reform opportunities. It assesses various economic drivers according to both the size of the growth opportunity over the next decade, and the confidence in specific policy solutions. That confidence matters: Australian governments have achieved their most lasting reforms when policy specialists have broadly agreed on a problem and on an evidence-based rationale for change.

The three game-changers, unlike any other proposals we could identify, enjoy broad policy support and promise very large economic benefits within a practical time frame (An antidote to impotent Canberra reforms, June 8).

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