Western Australia – Research Findings and Policy Recommendations

Ana Grisanti, Douglas Barrios, Eric S. M. Protzer (), Jorge Tapia, Nikita Taniparti, Ricardo Hausmann, Rushabh Sanghvi, Semiray Kasoolu and Tim O'Brien ()
Additional contact information
Ana Grisanti: Center for International Development at Harvard University
Eric S. M. Protzer: Center for Global Development
Jorge Tapia: Center for International Development at Harvard University
Nikita Taniparti: Center for International Development at Harvard University
Semiray Kasoolu: Center for International Development at Harvard University
Tim O'Brien: Center for International Development at Harvard University

No 395, CID Working Papers from Center for International Development at Harvard University

Abstract: The Government of Western Australia (WA), acting through its Department of Primary Industries and Regional Development (DPIRD), invited the Growth Lab of the Center for International Development at Harvard University to partner with the state to better understand and address constraints to economic diversification through a collaborative applied research project. The project seeks to apply growth diagnostic and economic complexity methodologies to inform policy design in order to accelerate productive transformation, economic diversification, and more inclusive and resilient job creation across Western Australia. This report is organized in six sections, including this brief introduction. Section 2 is an Executive Summary. Section 3 explains the methodologies of Growth Diagnostics and Economic Complexity, including its theoretical foundations and main concepts. Section 4 describes the main findings of the Economic Complexity Report, including a characterization of Western Australia’s complexity profile. This is done at the state, regional, and city levels. Additionally, this section identifies diversification opportunities with high potential and organizes them into groupings to capture important patterns among the opportunities. This section also contextualizes the opportunities further by identifying relevant viability and attractiveness factors that complement the complexity metrics and consider local conditions. Section 5 highlights the main findings of the Growth Perspective Report. This section describes the economic growth process of Western Australia — with a focus on the past two decades — and identifies several issues with the way that growth has occurred. This section highlights three key channels through which negative externalities have manifested: labor market imbalances, pro-cyclicality of fiscal policy, and a misalignment of public goods. The section provides perspectives on the ways in which each of these channels have hampered the quality of growth and explores the deep-rooted factors that underpin these adverse dynamics. Section 6 introduces a policy framework that can be leveraged by WA to capitalize on revealed diversification opportunities and address the factors that impact the quality of the growth process of the state.

Keywords: Western; Australia (search for similar items in EconPapers)
Date: 2021-04
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Working Paper: Western Australia – Research Findings and Policy Recommendations (2021)
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