Over the past few decades the brisk development of information and communication technologies (ICT) has had a phenomenal impact on the economic stability and development of many countries. Empirical studies show that most developed economies have gained significant payoffs (in terms of economic...

Energy used in transport is a particularly important focus for environment-development studies because it is increasing in both developed and developing countries and is largely carbon-intensive. This paper examines whether a systemic, mutually causal, cointegrated relationship exists among...

China’s current system of fiscal transfers suffers from severe weaknesses. The absence of a clear and coherent principle for distribution of fiscal transfers is a major weakness and results in the current distribution that favors the wealthier provinces. Furthermore, fiscal transfers have...

The determination of optimal financing (optimal capital structure or optimal mix of funds) for corporations is important for efficient corporate governance. Some optimization problems in determining optimal financing for corporations include optimal control, involving a dynamic system with...

An important puzzle in international macroeconomics is the exchange rate disconnect puzzle. Based on recent empirical literature by Mussa (1986), Baxter and Stockman (1989), and Flood and Rose (1995), high exchange rate volatility under floating rates appear not to be related to the high...

When studies of industrial organisation are informed by commodity chain, actor network, or global production network theories and focus on tracing commodity flows, social networks, or a combination of the two, they can easily overlook the less routine trans-sectoral associations that are crucial...

The Australian Trade Deficit (TD) has been increasing in the past 50 years, and this deficit has become more significant in the last few decades. This rising TD level in Australia has brought the national debt level to a new height, making this country one of the world?s highest debt-ridden...

With the rapid development of the global economy, intellectual capital has become a critical driver of a business's sustainability. The essential difference between companies operating in the 'old' and the 'new' economy is that, where value in the past was created within industrial sectors such...

Trust is frequently a requirement for economic exchanges and the management of natural resources. Providing public informaiton on past actions can promote trust through the formation of reputations. We developed an economic experiment to test whether a formal reputation mechanism could...