The paper presents a rigorous definition of foreign aid as a concessional resource transfer from advanced to developing countries. The alleged rich country and rich people bias of aid is reviewed and the rationale for aid both from donor's and recipient's perspectives is analysed. Whilst the...

The paper critically reviews the rationale and meaning of foreign aid and presents a rigorous definition of aid as concessional resource transfer from donors to recipient developing countries. The alleged issue that foreign aid is tainted by a rich country and rich people biased is discussed....

The paper reports the empirical results of the application of numerical taxonomy or hierarchiical grouping to Brisbane Census data (1971). Previous studies have been based on simple north-south models and in this study we advance the frontier by embarking on a concentric-zones growth model. The...

Investment by Transitional Corporations (TNCs) in Host Developing Countries (HDCs) have emerged as powerful engine of growth and development in the world economy. Neoclassical trade theory (Heckscher-Ohlin-Samuelson) model nor the product cycle or technology gap theories comes to grips with...

The spectacular growth several newly industrialized countries has reinforced the proposition that private foreign investment is an engine of growth. However, the opponents of private foreign investment by multinational corporations can have baneful effects on host developing countries due to...

This study reviews the analytics and empirics underpinning the Australian twin deficits using cointegration and Granger causality techniques over the study period 1983Q1 to 1991Q2. The relevance of the Barro-Ricardo theorem and the Feldstein-Horioka findings to examine the confliciting scenarios...

This study analyses the reasons why the prevalance hysteresis in the Australian unemployment rate causes the unemployment rate to deviate from the natural rate during the study period 1966-1991. A simultaneous equation model is specified to illustrate the channels that generate hysteresis in the...

This paper summarises the lively debate between proponents open trade policies and the opponents that base their arguments for protection and strategic trade policies, on the grounds that international trade does not occur on a level palying field. The study uses Vector Autoregression (VAR)...

The more robust computable general equilibrium (CGE) modelling has been applied to examine the macroeconomic implications of promoting the nascent Australian information economy.The Australian Information Economy could be trichotimized into marketed or primary information, secondary or...

This paper is motivated by the need to analyse the labour market effects of economic growth of trade between Australia and China using an objective theoretical framework. The neoclassical trade paradigm or the Heckscher Ohlin trade model provides a logical general equilibrium framework to take a...