One way to test this is to examine the rate of economic growth under each government. Faster economic growth would be judged superior to slower economic growth.
Another test, which takes some account of the impact on the Australian economy of overseas influences, is to judge Australian economic growth against that of the United States. This measure allows for the impact of both positive and negative shocks on the Australian economy that have little to do with local economic management.
So Which side is the better economic manager?
On both measures, the level of economic growth and that growth relative to the US, Labor is a better performer than the Coalition.
One of the weakest economic managers since the early 1970s is the current Abbott/Turnbull administration where GDP growth has averaged a mere 0.60 per cent per quarter which is just 0.04 percentage points above the US performance.
Update 15/8/2018 - Wages growth in five years under the Coalition only as much as they did in one year under Labor:
http://www.abc.net.au/news/2018-08-15/fact-check-wages-growth-coalition-labor/10079236
Higher wager growth under Labour government
On both measures, the level of economic growth and that growth relative to the US, Labor is a better performer than the Coalition.
One of the weakest economic managers since the early 1970s is the current Abbott/Turnbull administration where GDP growth has averaged a mere 0.60 per cent per quarter which is just 0.04 percentage points above the US performance.
Update 15/8/2018 - Wages growth in five years under the Coalition only as much as they did in one year under Labor:
http://www.abc.net.au/news/2018-08-15/fact-check-wages-growth-coalition-labor/10079236
Higher wager growth under Labour government
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