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...

Thailand is undertaking sweeping reforms of its infrastructure sector. In September 1998, the Thai government unveiled its privatisation "Master Plan", written with the assistance of the World Bank, which established its plan for the privatisation of 59 state-owned enterprises (SOEs). These...

This study investigates the impact of the New Tax System and other factors on the capital structure of the Australian listed real estate property enterprises. Hypotheses utilising Static Trade-off, Pecking Order and Market Timing theories are empirically examined using a series of the taxes...

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...

Funds availability has always been a major constraint to micro and small business development projects in many Asian and Latin American countries, and more so for all African countries. An assortment of various credit models has been devised and used over time by policy makers in these countries...

The integration of economics and moral philosophy, which provides a new approach to evaluation and analysis of economic activities, is increasing within the literature. It is argued in this thesis that valuation and analysis in health economics and health programs (normative health economics)...

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...