Download this Paper Open PDF in Browser

Regulation and Red Tape in a Small Open Economy: An Australian Overview

17 Pages Posted: 11 May 2017  

Chris Berg

RMIT University - School of Economics, Finance and Marketing

Date Written: May 8, 2017

Abstract

It is widely acknowledged in political circles that Australia has a high red tape and regulatory burden. However little scholarly attention has been directed towards understanding the extent and significance of that burden. This paper describes why red tape and regulatory reform should be treated as a particularly significant priority for a small, open economy such as Australia’s. Australia faces a number of economic and fiscal challenges and is likely to become more exposed to macroeconomic fluctuations in coming decades. Red tape and regulation slow adjustment to changes in that environment among individuals and firms. The red tape and regulation reform program should be seen as a central element in making Australia more resilient to local and global economic shifts.

Keywords: regulation, red tape, australia, reform

JEL Classification: D02, L51

Suggested Citation

Berg, Chris, Regulation and Red Tape in a Small Open Economy: An Australian Overview (May 8, 2017). Available at SSRN: https://ssrn.com/abstract=2965093 or http://dx.doi.org/10.2139/ssrn.2965093

Chris Berg (Contact Author)

RMIT University - School of Economics, Finance and Marketing ( email )

Level 12, 239 Bourke Street
Melbourne, Victoria 3000
Australia

Paper statistics

Downloads
41
Abstract Views
188