ANU Press has now published online the latest issue of Agenda: A Journal of Policy Analysis and Reform (Volume 25, Number 1).
Agenda is the journal of the College of Business and Economics, ANU. Launched in 1994, Agenda provides a forum for debate on public policy, mainly (but not exclusively) in Australia and New Zealand. It deals largely with economic issues but gives space to social and legal policy and also to the moral and philosophical foundations and implications of policy.
Has Sub-centre Policy Produced Sub-centres? An Evaluation of Melbourne’s Urban Spatial Planning since 1996 / Jennifer Day, Weiqing Han, Amy Boxi Wu and Jiarui Zheng
Abstract: This study evaluates Melbourne’s longstanding ‘activity centres’ (AC) policies—the first study to do so. It strongly suggests that, across the Melbourne metropolitan area, AC policies have had no effect on the propensity of people to work near their homes. The findings are robust to a number of validity hazards. The study does not warrant a wholesale abandonment of AC planning, but does signal that we may wish to question how we are currently going about transforming ‘places’ into ‘centres’. For AC policies to be successful, designation as a ‘centre’ may be necessary, but is not sufficient.
The Impact on Research Quality of Performance-Based Funding: The Case of New Zealand’s PBRF Scheme / Robert A. Buckle and John Creedy
Abstract: This paper appraises the impact on the research quality of New Zealand universities of the Performance-Based Research Fund (PBRF), a peer-review process that assesses individual researchers. The paper identifies the contribution to improvement in research quality arising from transitions among research quality categories, and entrants and exits of individuals. It traces a substantial component of change from 2003 to 2012 to the removal of non-research active staff. It also finds a large reduction in the number of younger researchers, and population ageing due to retention of older and higher-quality researchers. Significant differences among universities are evident in the patterns of transformation. The paper also critically considers the PBRF assessment process and characteristics of the metrics used, suggesting scope for improvement in the assessment of researchers and the way in which universities are ranked.
How Much Have Chinese Investors Invested in Australia? / Kerry Liu
Abstract: Chinese outward direct investment (ODI) in Australia has been debated for many years. Different data sources provide quite different indications of how much Chinese investors have actually invested in Australia. This study analyses each data source’s application and limitations, and provides some guidelines on how to interpret and use these data. The findings include: first, although the Australian Bureau of Statistics and Chinese official data measure direct Chinese ODI in Australia, the real value of Chinese capital flow into Australia is greater than these measures. Second, KPMG/University of Sydney and American Enterprise Institute/Heritage Fund data measure contracted value, which may be expected to be higher than the true value of capital flow given the uncertainty of the business environment. Third, as Foreign Investment Review Board data is the value of proposed investment, using this data to measure Chinese ODI in Australia is misleading.
Ethics in Economics / Gigi Foster
Abstract: This paper presents a slightly modified version of a speech given to the Economic Society of Australia’s ACT branch in Canberra in November 2017, as a keynote address at the organisation’s annual general meeting. It considers the relationship between economics as a science, and ethical principles both as they guide the actions of practising economists and as they arise in the surrounding social and political context in which economists ply their trade.
- Six Problems in the Biography of Alfred Deakin / William Coleman
- Alex Millmow’s A History of Australasian Economic Thought / Reviewed by Selwyn Cornish
SOURCE: “Agenda: A Journal of Policy Analysis and Reform (Volume 25, Number 1)*.” ANU Press, May 2018.
Link to website [You can download the current online version of AGENDA and previous issues free of charge]
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