Growth Perspective on Western Australia

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

No 174, Growth Lab Working Papers from Harvard's Growth Lab

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. As its name implies, this Growth Perspective Report aims to provide a set of perspectives on the process of economic growth in WA that provide insights for policymakers toward improving growth outcomes. This Growth Perspective Report describes both the economic growth process of Western Australia — with a focus on the past two decades — and identifies several problematic issues with the way that growth has been structured. In particular, this report traces important ways in which policies applied during the boom and subsequent slowdown in growth over the last twenty years have exacerbated a number of self-reinforcing negative externalities of undiversified growth. The report analyzes three key channels through which negative externalities have manifested: labor market imbalances, pro-cyclicality of fiscal policy, and a misalignment of public goods. The report includes sections on each of these channels, which provide perspectives on the ways in which they have hampered the quality of growth and explore the reasons why problematic externalities have become self-reinforcing. In some cases, new issues have emerged in the most recent iteration of WA’s boom-slowdown cycle, but many issues have roots in the long-term growth history of WA.

Keywords: Western; Australia (search for similar items in EconPapers)
Date: 2021-04
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Working Paper: Growth Perspective on Western Australia (2021)
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