This report presents an evaluation of the Phase II Smart Card Demonstration Project, the goal of which is to develop a transit fare payment system for commercialization that will improve transit efficiency and effectiveness. The major focus of the project is the testing of selected technologies...

The paper empirically examines the dynamic relationship between financial development and economic growth in Australia in terms of bank-based and market-based financial structure. A time-series approach using the VAR Model is used to provide evidence for the dynamic relationship. The paper...