Using a Solow-Swan model with a stochastic saving rate and stochastic productivity we analyse the distributions of parameter estimates that emerge under various choices of technology, and of the dimension of the panel on which cross-section regressions are based. There are distinct asymmetries...

Using a Solow-Swan model with a stochastic saving rate and stochastic productivity we analyse the distributions of parameter estimates that emerge under various choices of technology, and of the dimension of the panel on which cross-section regressions are based. There are distinct asymmetries...

This paper outlines the process for evaluating the economic effects of Gunns proposed pulp mill in northern Tasmania. Removal of the project from the Resource planning and Development Commission had two important effects. First, assumptions underlying the proponent’s impact statement could not...