The relationship between real exchange rate pass-through (ERPT) for market price and an individual country’s price was theoretically formulated and empirically explored, using steel products data in the US market, with special reference to two major steel exporting countries, Japan and Korea....

The existence of economies of scale requires different interpretations of the welfare effect of protection on the industry from conventional analyses. This paper finds that the Australian automotive industry has economies of scale, and carries out relevant welfare analysis of tariff. Using the...

This paper examines the performance of the participating countries at the Summer Olympic games. It investigates each country's performance and attempts to identify the determinants of this performance in each sport, and also examines other issues related to specialization at these games, using...

This paper explores how a country can maximise its utility from the Olympic games when uncertainty exists in medal production. A theoretical model demonstrates how the value of medals, uncertainty in producing medals, a decision maker's attitutes towards risks and costs of producing medals...

The aim of this paper is to quantify the determinants of happiness in university students, with information drawn from a survey conducted with students at the University of Western Australia in 2003. Ordered probit and ordinary least squares models are applied. Happiness could be measured and...

This paper examines the role of foreign direct investment in the growth of central and Eastern European countries, the Baltic States and the CIS around the transition period.

This study constructs an altruism model of food aid. A theoretical model is constructed and shows that how each country's donation to the recipient countries is determined, based on relevant variables in association with each donor country's altruism. Analyses of data using donations through the...

Based on a low level of elasticity of substitution between labour and capital in the transitional economies, this paper theoretically suggests how they should be able to reach a stable growth path after a period of rapid dynamic short-run movement. The paper places particular emphasis on the...