This paper introduces a dynamic model of productivity measurement based on recent endogenous growth theories. The model presented in this study is based on dynamic duality theory and incorporate public goods (public capital and R&D) as external factors to the firms. It also rationalizes the...

The paper examines a new possibility of output gaps in an economy without any rigidity. The driving force behind the new possibility is non-cooperative behavior of consumers. The paper shows that there is a possibility that when a fundamental shock hits an economy this non- cooperative nature...

In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries, three years after publication of the Commission’s...

Bad policies (i.e., policies harmful to private producers such as excessive taxation, arbitrary confiscation, and negligence of pubic goods) are observed in quite a few countries. These countries tend to have autocratic regimes.I explore a reason why bad policies may benefit autocrats.I present...

In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries, three years after publication of the Commission’s...

In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries, three years after publication of the Commission’s...

The Government of AP needs to rethink its Infrastructure strategy in the light of current state priority. Unless these are in line with state priorities, the strategies will not work and will perpetually be at cross purposes. The current direction taken by the state appears to point towards the...

This is the front matter from a book of interviews to be published by Blackwell. The book is coedited by W. A. Barnett and P. A. Samuelson. The front matter includes the Table of Contents, Coeditor Preface by W. A. Barnett, Coeditor Foreword by Paul A. Samuelson, and History of Thought...