Purpose – The purpose of this paper is to examine the time series properties of 26 macroeconomic variables in Papua New Guinea (PNG) over the period 1970‐2006. Design/methodology/approach – Both unit root and stationarity tests without a structural break and the Lagrange Multiplier (LM)...

Purpose – The purpose of this paper is to forecast Fiji's exports and imports for the period 2003‐2020. Design/methodology/approach – To achieve the goal of this paper, the autoregressive moving average with explanatory variables (ARMAX) model was applied. To this end, the paper drew on...

Purpose – The purpose of this paper is to shed some light on the role of macroeconomic policy‐mix in achieving the Millennium Development Goals (MDGs), especially the goal of poverty reduction. Design/methodology/approach – The paper employs descriptive approach and provides an analytical...

Undertakes an epistemological formulation of ethico‐economics. This formulation challenges the neo‐classical and macroeconomic foundations of mainstream economics and then presents the rigorously analytical depths of ethico‐economics. Traces the developments, the praxis of the rational...

Combines theory with practice, based on experiences rather than philosophical speculation. The question posed is whether technological innovation must be regarded as an exogenous or endogenous variable in economic models. Neoclassical economics, even in such modified versions as developed by...

Examines empirically the proposition that a large public enterprise sector for an economy acts as an obstacle to a healthy rate of economic growth. The empirical analysis concentrates on the experience of the OECD countries for the years 1965‐85. Single and multiple equation‐models of...

The depreciation of environmental capital is internalized within a simple Keynesian framework to permit the determination of sustainable income. The framework is empirically applied to the US economy by integrating standard macroeconomic data with macro‐environmental data which were derived by...

Introduces incentive strategy as a market‐oriented and highly efficient macro‐economy management system (MEMS). By means of the hierarchical decision‐making theory and the stochastic optimization theory, two static models with perfect information structure and partial information structure...