Three Words: Structure, structure, structure

Today Telstra is indicated how it will split (e.g., Australian Financial Review –). Need I remind the world that operational separation is just another form of regulation and the best thing would be a real change in structure.

Indeed, last year in New Matilda (click here) I argued that not only would this increase competition and overall welfare (lest that should be enough) but also that a split of Telstra would actually get the Federal government more money!

Now to work out why a broad win-win doesn’t occur, requires us to locate some people who would lose out. The search is quite difficult and I’ll see what I can do later.

Blogging Inspiration

You might wonder why I decided to do this at this time. Well, Andrew Leigh (a very interesting scholar from ANU) is visiting the University of Melbourne this semester (and teaching at MBS, I should ad). He has an interesting blog (imaginingaustralia.blogs.com). I thought the medium might work for me too.

I’ll point to other blogs from people I know as they post interesting stuff.

Andrew has posted a note announcing my blog. Now that qualifies as interesting to me! Go to: Imagining Australia: Ideas For Our Future : New arrival in Ozeblogistan

2005 Innovation Index

Richard Hayes (Research Fellow at MBS/IPRIA) and I have updated the Innovation Index. The index is a measure developed initially by Scott Stern and Michael Porter to measure a country’s capacity to innovate. Scott Stern and I did an update for Australia in 2003 and Richard and I produced an update in 2004.

This years Innovation Index is refined further. The bad news is that Australia’s potential has declined — mainly due to a loss in the perceived strength of IP protection. Nonetheless, our ranking with respect to other countries remains unchanged.

Welcome

Welcome to the CoreEcon blog. As is usual with these things, this is an experimental first stage. Nonetheless, let’s see how this goes.