This paper analyses the effectiveness of the spread between short and long term interest rates for predicting GDP growth in Australia, and whether the predictive relation deteriorates, as theory suggests, with the adoption of a credible inflation-targeting regime. We test whether predic- tive...

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...

This article analyses the significance of the spread between short- and long-term interest rates for predicting GDP growth in Australia, and whether the predictive relation deteriorates, as theory suggests, with the adoption of a credible inflation-targeting regime. We test whether the...

What does recent work on neoclassical growth models have to say about the time taken to reap the benefits of economic reform? Recent empirical research has seen the emergence of the stylised fact that economies converge to their steady-state growth path at a rate of 2 per cent per annum - a...

The equations below provide an algebraic example of the AD-AS model in G.Wells, 'Teaching Aggregate Demand and Supply Models", Journal of Economic Education. The initial equilibrium is illustrated in the diagram on this sheet.