This paper analyses sub-national (State and Local) government spending in Australia at the determinants of State and Local expenditure in terms of its allocation within the public sector, that is, the functions to which this level of government devotes resources. The Quantitive analysis is...

Portfolio theory is central to the analysis of risk in many areas of economics but is seldom used appropriately in health economics. This contribution examines the use of portfolio theory in the context of cost-effectiveness analysis (CEA). A number of modifications are needed to apply portfolio...

A changing climate and higher wind speeds means that residential construction is likely to receive more damage in the future if design standards are maintained at the current level. The vulnerability of residential construction may be reduced by an adaptation strategy that increases design wind...

This paper investigates using maximum simulated likelihood (MSL) estimation for random-effects dynamic probit models with autocorrelated errors. It presents and illustrates a new Stata command, redpace, for this estimator. The paper also compares using pseudorandom numbers and Halton sequences...

A semi-nonparametric estimator is presented for a series of generalized models that nest the ordered probit model and thereby relax the distributional assumptions in that model. A new Stata command for the estimation of such models is presented. The approach is illustrated using examples.

In recent times a number of countries initiated some important tax reforms to eliminate the distortions of double taxation. In this context, Australia adopted a dividend imputation system in 1987, while the US employed the 1986 Tax Reform Act (TRA). The analysis examines the effect on the level...