The impact of crop loss on savings, expenditure and labour supply behaviour of Indonesian households is studied using data from the 1993 Indonesian Family Life Survey. The data are unique in that they contain self-reported informaiton on crop loss and on household responses to crop loss. 65,1...

sta The Consumption Capital Asset Pricing Model (C-CAPM) is tested using data on equity prices in Jordan, Turkey, and Pakistan over the period 1986-93. The analysis is carried out in two steps. The parameters of agents' dynamic consumption and investment decisions are first estimated, and then...

This paper compares a form of endogenous preferences introduced by Uzawa with additive preferences by simulating the optimal consumption response for a small open economy to permanent and temporary shocks to the world rate of interest. Uzawa preferences, by endogenising the rate of time...

Share equations for the translog and almost ideal demand systems are estimated using Markov Chain Monte Carlo. A common prior on the elasticities and budget shares evaluated at average prices and income is used for both models. It includes equality restrictions (homogeneity, adding up and...

Since Brown (1952), habit formation models of consumption have assumed that memory loss is a univariate process. This paper dispenses with this assumption to consider habit modification in consumption. A model is proposed where household credit depletes the habit stock and motivates consumers...

This paper examines the relationship between terms of trade shocks, private saving, and the current account position.

By simulating a model of the optimal level of saving in a small open economy, this paper calculates the levels of optimal national saving for Australia for the period from 1997 to 2051. The calculations focus on the implications of making allowance for the ageing structure of the population. The...

In this paper a model is developed which determines the socially optimal level of saving for a small open economy. The model also determines the socially optimal disposition of saving between domestic capital accumulation and overseas asset accumulation.

This paper provides an applied general equilibrium analysis of several alternative taxation regimes applying to superannuation. It is motivated by the decision, announced by the Australian Government in its 2006 Budget, to exempt from tax all superannuation benefits received by recipients over...

Arguments for, and then the form and level of, compensation of households and businesses for the additional costs of an emissions trading scheme to lower greenhouse gas (GHG) emissions are evaluated. With most of the costs passed forward to households as higher consumer prices, a sequential set...