This paper looks at the relationship between output variability and economic growth in Australia using the ARCH-M model. Quarterly data for growth rates of industrial production and of GDP are used for the analyses. However, the growth of GDP does not show any ARCH effects. The variability is...

The objectives of this paper are threefold. First, we critically survey and analyse the different methodologies that have been adopted in the rankings literature. Second, using journal articles included in the ECONLIT database and on the basis of two criteria - one based on citations and the...

Wagner’s Law suggests that as the GDP of a country increases, so does its government expenditure. We test for the Law for Thailand using recent advances in econometric techniques. Both total and per capita GDP and government expenditure are used. Ng-Perron unit root tests show that all...

This paper looks at the relationship between patents and economic growth in Japan and South Korea using both individual country and panel data. For the econometric estimation, we use annual data for 1963-2005. For Japan, we find that the logarithms of real GDP and the number of patents are...

This study estimates an aggregate import demand function for Thailand. The earlier studies on import demand based on time series date did not deal with the issue of stationarity of the time series before estimation. Using the cointegration approach, we find aggregate import demand for Thailand...

This paper provides rankings of individual Australian economists in teaching economics departments on the basis of ECONLIT journal articles for the periods 1988-2000 and 1995-2000. In ranking the economists, two types of rankings of journals are employed and approximately 400 journals are taken...