News: economics

SA economic recovery to continue despite cost of living crisis

A photo of Australian money, in cash and coin.

South Australia’s economic recovery is set to continue despite inflation and rising interest rates putting increased strain on household budgets. Aggregate spending within the state has grown strongly over the past year in response to strong growth in household consumption and public consumption spending, and a solid, though lockdown-interrupted, rise in dwelling investment. But with household and public sector consumption expected to weaken, the State’s export performance will need to improve to compensate.

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First-time study shows true value of SA’s parks

Image of Ikara–Flinders Ranges National Park

South Australia’s parks are quickly becoming the jewel in the crown of the state’s tourism offering with a new report highlighting the economic worth on top of the conservation value.

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Policy support offers opportunities for post pandemic

Pedestrians

State and Federal government policy support for employment and training initiatives could play a crucial role in boosting SA’s population and recovery from the impact of the COVID-19 pandemic.

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Slow vaccine roll-out could deepen economic scars

Money image

While South Australia’s economy is recovering strongly, the slow vaccine roll-out is a significant threat to the nation’s ongoing ability to weather the long-term effects of the pandemic. Some sectors of the economy will be scarred by the effects of prolonged border closures.

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ThincLab Canterbury to activate Trans-Tasman growth

University of Canterbury Rehua Building

New business incubator ThincLab Canterbury has been launched through a partnership between the University of Adelaide, South Australia, and the University of Canterbury, Christchurch, New Zealand.

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Visiting economist explodes the myths of public deficits

Professor Stephanie Kelton

Government deficits are normal and even necessary to the health of most economies – that’s according to one of the world’s most influential economists, Professor Stephanie Kelton, who will be a Visiting Professor at the University of Adelaide this month.

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Rural decline not driven by water recovery

Old farm tractor

New research from the University of Adelaide has shown that climate and economic factors are the main drivers of farmers leaving their properties in the Murray-Darling Basin, not reduced water for irrigation as commonly claimed.

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Driverless cars could lead to more traffic congestion

Autonomous or driverless vehicle in traffic

Driverless cars could worsen traffic congestion in the coming decades, partly because of drivers’ attitudes to the emerging technology and a lack of willingness to share their rides.

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Newstart debate must focus on people not politics

Centrelink co-located services sign

A new report from University of Adelaide economists has added to the national debate about the Newstart Allowance, arguing that Newstart should be increased by as much as $120 a week and urging politicians to address the issue with maturity.

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