Understanding the magnitude and location of environmental and economic trade-offs is the main aim of the COAG Water Reforms process (DLWC 1999a). Since its inception in the early nineties, Catchment Management Committees and Boards have sought to develop and implement methods for determining...

In this chapter, William Watson challenges Heath's interpretation of the benefits of productivity growth, but agrees with Richard Harris' views on the state of our knowledge about the potential contribution of social programs to productivity growth. Watson tackles Heath's assessment of the...