Advertisement
Economic modelling commissioned by various vested interest business groups shows that the Trans-Pacific Partnership (TPP) will magically boost Australian incomes. From The AFR:
Economic modelling by Peter Petri and Michael Plummer estimates that by 2030 the 11-country trade liberalisation deal will increase Australia’s national income by $15.6 billion, boost exports by $29.9 billion, lift investment in Australia by $7.8 billion and lead to $26 billion more in overseas investment by Australian businesses. The 26-page report also claims the trade agreement will lift wages, including for lower-skilled workers.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Advertisement