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Forward Planning and Stability of the Australian Migration Program
Author(s) -
Clarke Harry
Publication year - 1996
Publication title -
australian economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 29
eISSN - 1467-8462
pISSN - 0004-9018
DOI - 10.1111/j.1467-8462.1996.tb00922.x
Subject(s) - immigration , current (fluid) , stability (learning theory) , economics , natural resource economics , engineering , computer science , geography , archaeology , machine learning , electrical engineering
Should the Australian immigration intake be forward‐planned and, if so, should the resulting intake be numerically stable through time? There are sound reasons for anticipating the effects of current intakes on future intakes and for basing current intakes on Australia's long‐term national objectives. These policy requirements imply a case for forward planning but not the need for a stable intake. Appropriately designed numerically unstable intakes are preferable to stable intakes because instability, while introducing adjustment costs, avoids more significant losses due to reduced selectivity in the entry mix.