The adequacy of Australia’s infrastructure has been a long-standing topic of debate. This article provides some insight into the question of infrastructure adequacy by examining trends in investment across OECD countries, and discusses some of the fundamental factors influencing Australia’s...

GDP per capita is the most commonly used measure of a country’s economic success, yet it is frequently criticised as a guide to a nation’s wellbeing. A recently released study by the OECD considers some alternatives. The OECD uses illustrative calculations to ‘extend’ GDP to include...

We investigated the association between religious involvement and life satisfaction using panel data from the 2004, 2007, and 2010 waves of the Household, Income and Labour Dynamics in Australia (HILDA) survey. Our study provides strong evidence of an association between attendance at religious...

Despite plausible theoretical grounds for presuming a positive relationship between foreign direct investment inflows (FDI) and economic growth, existing empirical evidence on this nexus is inconclusive. In an effort to add to the empirical literature, this paper estimates the relationship...

This paper provides an empirical analysis of fiscal illusion by estimating an index of fiscal illusion for 28 European countries over the period 1995–2008 employing a structural equation approach. Using MIMIC models, the paper investigates the main indicators of fiscal illusion and develops an...