Comments on: NSW:The Economic Elephant in the Room. http://blogs.crikey.com.au/pollytics/2009/01/21/nswthe-economic-elephant-in-the-room/ Politics, elections and piffle plinking Sat, 21 Nov 2009 09:43:07 +1100 http://wordpress.org/?v=2.8.6 hourly 1 By: New South Wales, in the toilet « All Good Naysayers, Speak Up! http://blogs.crikey.com.au/pollytics/2009/01/21/nswthe-economic-elephant-in-the-room/comment-page-1/#comment-11771 New South Wales, in the toilet « All Good Naysayers, Speak Up! Thu, 22 Jan 2009 13:31:51 +0000 http://blogs.crikey.com.au/pollytics/?p=3544#comment-11771 [...] his money where his mouth is New South Wales, in the toilet January 22, 2009 Via Possum at Crikey comes this very scary series of graphs that shows NSW v. the rest of the Australian economy. While [...]

...] his money where his mouth is New South Wales, in the toilet January 22, 2009 Via Possum at Crikey comes this very scary series of graphs that shows NSW v. the rest of the Australian economy. While [...

]]> By: TD http://blogs.crikey.com.au/pollytics/2009/01/21/nswthe-economic-elephant-in-the-room/comment-page-1/#comment-11766 TD Thu, 22 Jan 2009 04:04:43 +0000 http://blogs.crikey.com.au/pollytics/?p=3544#comment-11766 Richard @ 15: Just a note on GST distribution - Queensland and WA became net contributors to the GST pool in 2008. Only SA, Tasmania and the Territories are now net recipients. While it's a tough read, the info is in the Commonwealth Grants Commission's 2008 Update available here: <a href="http://www.cgc.gov.au/state_finances_inquiries/2008_update_report/update_report" rel="nofollow">http://www.cgc.gov.au/state_finances_inquiries/2008_update_report/update_report.</a> From page 1: "Queensland joins New South Wales, Victoria and Western Australia in being assessed to have an above average fiscal capacity, requiring a less than average per capita distribution from the pool;" Cheers, T Richard @ 15:

Just a note on GST distribution – Queensland and WA became net contributors to the GST pool in 2008. Only SA, Tasmania and the Territories are now net recipients.

While it’s a tough read, the info is in the Commonwealth Grants Commission’s 2008 Update available here: http://www.cgc.gov.au/state_finances_inquiries/2008_update_report/update_report.

From page 1: “Queensland joins New South Wales, Victoria and Western Australia in being assessed to have an above average fiscal capacity, requiring a less than average per capita distribution from the pool;”

Cheers,
T

]]> By: steve http://blogs.crikey.com.au/pollytics/2009/01/21/nswthe-economic-elephant-in-the-room/comment-page-1/#comment-11765 steve Thu, 22 Jan 2009 04:01:14 +0000 http://blogs.crikey.com.au/pollytics/?p=3544#comment-11765 The New Car sales figures up until December 2008 are here: http://www.abs.gov.au/ausstats/abs@.nsf/mf/9314.0?OpenDocument The New Car sales figures up until December 2008 are here:

http://www.abs.gov.au/ausstats/abs@.nsf/mf/9314.0?OpenDocument

]]> By: steve http://blogs.crikey.com.au/pollytics/2009/01/21/nswthe-economic-elephant-in-the-room/comment-page-1/#comment-11764 steve Thu, 22 Jan 2009 01:40:15 +0000 http://blogs.crikey.com.au/pollytics/?p=3544#comment-11764 Here is the NSW Health Patient Survey 2008 Statewide Report http://www.health.nsw.gov.au/pubs/2008/pdf/patient_survey_2008.pdf Here is the NSW Health Patient Survey 2008 Statewide Report

http://www.health.nsw.gov.au/pubs/2008/pdf/patient_survey_2008.pdf

]]> By: steve http://blogs.crikey.com.au/pollytics/2009/01/21/nswthe-economic-elephant-in-the-room/comment-page-1/#comment-11763 steve Thu, 22 Jan 2009 01:14:08 +0000 http://blogs.crikey.com.au/pollytics/?p=3544#comment-11763 pp 18 to 20 of this report is about where immigrants choose to live and the amount of interstate migration is also accounted for. http://www.immi.gov.au/media/research/lsia/results_from_third_LSIA_body.pdf pp 18 to 20 of this report is about where immigrants choose to live and the amount of interstate migration is also accounted for.

http://www.immi.gov.au/media/research/lsia/results_from_third_LSIA_body.pdf

]]> By: steve http://blogs.crikey.com.au/pollytics/2009/01/21/nswthe-economic-elephant-in-the-room/comment-page-1/#comment-11762 steve Thu, 22 Jan 2009 00:27:46 +0000 http://blogs.crikey.com.au/pollytics/?p=3544#comment-11762 Richard, check out this big Oops! http://www.audit.nsw.gov.au/publications/reports/financial/2008/vol5/pdf/039_0392_rental_bond_board.pdf Richard, check out this big Oops!

http://www.audit.nsw.gov.au/publications/reports/financial/2008/vol5/pdf/039_0392_rental_bond_board.pdf

]]> By: Richard Green http://blogs.crikey.com.au/pollytics/2009/01/21/nswthe-economic-elephant-in-the-room/comment-page-1/#comment-11761 Richard Green Thu, 22 Jan 2009 00:22:54 +0000 http://blogs.crikey.com.au/pollytics/?p=3544#comment-11761 AS much as I dislike the state government, most credits to them for the current macroeconomic malaise only cite a generalised incompetence rather than many specific actions that should or should not have been taken to do better. To be specific, bad actions that other states didn't take, and good actions that they did, since the important issue here is the diveregence between the states. This is not to exonerate the state government, it's just if we can't identify just what they did that was wrong, how on earth can we fix it. It could just be an aggregation of the little things that annoy, like hospitals and public transport, but this hypothesis does take a few leaps of faith to say that the slightly worse trains in NSW compared to elsewhere combine with other slightly worse things, or the blighting of places with Meriton and Mirvac to produce dramatically worse macroeconomic effects. Around the place a few people have cited the number of recently arrived migrants. The adjustment required for new arrivals might make sense, but I can't see that it differs dramatically from Victoria. A major thing that the Federal government could do would be to adjust the GST revenues so that all GST revenue from NSW gets returned to NSW. The redistribution has the perverse affect that all consumption except basic foods is causing a macroeconomic leakage to better performing states. Do I need to throw up a Keynesian Cross to show what effect that has? It might be politcally hard to reverse this little bit of pork barelling to Queensland, but I can't see how the move could be opposed on genuine economic grounds. AS much as I dislike the state government, most credits to them for the current macroeconomic malaise only cite a generalised incompetence rather than many specific actions that should or should not have been taken to do better. To be specific, bad actions that other states didn’t take, and good actions that they did, since the important issue here is the diveregence between the states.

This is not to exonerate the state government, it’s just if we can’t identify just what they did that was wrong, how on earth can we fix it.

It could just be an aggregation of the little things that annoy, like hospitals and public transport, but this hypothesis does take a few leaps of faith to say that the slightly worse trains in NSW compared to elsewhere combine with other slightly worse things, or the blighting of places with Meriton and Mirvac to produce dramatically worse macroeconomic effects.

Around the place a few people have cited the number of recently arrived migrants. The adjustment required for new arrivals might make sense, but I can’t see that it differs dramatically from Victoria.

A major thing that the Federal government could do would be to adjust the GST revenues so that all GST revenue from NSW gets returned to NSW. The redistribution has the perverse affect that all consumption except basic foods is causing a macroeconomic leakage to better performing states. Do I need to throw up a Keynesian Cross to show what effect that has?

It might be politcally hard to reverse this little bit of pork barelling to Queensland, but I can’t see how the move could be opposed on genuine economic grounds.

]]> By: steve http://blogs.crikey.com.au/pollytics/2009/01/21/nswthe-economic-elephant-in-the-room/comment-page-1/#comment-11760 steve Thu, 22 Jan 2009 00:03:11 +0000 http://blogs.crikey.com.au/pollytics/?p=3544#comment-11760 Here's an interesting one on Transport services. http://www.audit.nsw.gov.au/publications/reports/financial/2008/vol5/pdf/100_transport_services_overview.pdf Here’s an interesting one on Transport services.

http://www.audit.nsw.gov.au/publications/reports/financial/2008/vol5/pdf/100_transport_services_overview.pdf

]]> By: steve http://blogs.crikey.com.au/pollytics/2009/01/21/nswthe-economic-elephant-in-the-room/comment-page-1/#comment-11757 steve Wed, 21 Jan 2009 23:04:46 +0000 http://blogs.crikey.com.au/pollytics/?p=3544#comment-11757 At least the Hunter Valley Research Foundation work to September 2008 is freely available. http://www.hvrf.com.au/pages/publications/economic_indicators.php At least the Hunter Valley Research Foundation work to September 2008 is freely available.

http://www.hvrf.com.au/pages/publications/economic_indicators.php

]]> By: steve http://blogs.crikey.com.au/pollytics/2009/01/21/nswthe-economic-elephant-in-the-room/comment-page-1/#comment-11756 steve Wed, 21 Jan 2009 22:36:09 +0000 http://blogs.crikey.com.au/pollytics/?p=3544#comment-11756 Maybe the key to what is really happening in NSW is locked away in Subscription based research sites like IRIS. http://www.iris.org.au/ Maybe the key to what is really happening in NSW is locked away in Subscription based research sites like IRIS.

http://www.iris.org.au/

]]>