This paper is based on the governance chapter contribution to the 2003/04 Global Competitiveness Report (GCR). Building from the 2002/03 contribution to the GCR, it argues that governance continues to be at a crossroad, its underperformance being evident worldwide in most regions and across many...

The study investigates the effects of trade volume and trade policies on economic growth. An extension of an earlier study, conducted by Halit Yanikkaya, the study investigates economic growth from cross-section data of 99 countries between 1998 and 2002. The study employs trade measure...

There are significant differences in the way water rights are defined, allocated and administered in Australia and overseas. This paper includes comparisons of the arrangements for managing water rights against accepted best practice principles for South Au stralia, Queensland, NSW, Victoria...

Brownlie and Saren (this issue) claim that “few innovative papers appear in the top marketing journals.” They attribute this problem to incentive structures. They ask what steps might be taken by the various stakeholders to encourage the development and transmission of useful innovative...

This paper provides an economic framework within which to consider the effectiveness and limitations of auction markets. The paper looks at the use of auctions as a policy instrument and the effects of auction design on consumer interests, the efficient allocation of resources, and industry...

Rewards for publications in good economics journals are very high, while submission fees and other monetary costs associated with submitting an existing manuscript are low. Consequently, the editorial delay (especially the first response time – the time until the first editorial decision), by...

In January 2003, the Government asked the Commission to undertake a study into the Mutual Recognition Agreement (MRA) and Trans-Tasm an Mutual Recognition Arrangement (TTMRA).