The increasing cross-border flows of information, trade, capital and technology have profoundly changed the macroeconomic fabric of nations. In the emergent borderless world macroeconomic theories and public policy making confront new challenges. This paper identifies and evaluates some of these...

Conventional trade theory postulates that free trade first best (Pareto optimal) and that it maximises both national and global welfare. Empirical studies confirm the positive sum outcomes of free trade and demonstrates that trade has acted as an engine of growth in developed and developing...

The pursuit of indiscriminate protectionist policies has undermined Australia's comparative advantage and contributed the current economic malaise. This paper surveys the theories that identify the determinants of comparative advantage and these theories have been used to provide empirical...

This study examines the paradoxical coexistence of high unemployment rates and real wage flexibility during the period 1966-92 in Australai. The neoclassical paradigm postulates that real wage flexibility is a per-requisite to operate at the natural rate or full employment level of output. The...

The paper analyses the macroeconomic interactions between high-tech innovations (such as growth in telecommunications) and trade. Cointegration and innovation accounting based on vector autoregression techniques have been used to estimate empirically trade and grwoth dynamics in the Australian...

The paper analyses some of the crucial macroeconomic dimensions of financial integration of Australia with the rest of the world. The paper presents the criteria that have been used to measure the degree of financial integration and capital mobility. The macroeconomic implications of increasing...

This paper reviews the globalisation of the Australian economy through the forces of multinational foreign direct investment MNE-FDI). The paper reports the empirical results of the causality nexus between FDI and Globalisation using VAR analytics

The examines the potential for growth and development due to fast spreading information technologies in ASEAN economies. The paper presents a methodology for measuring the Information Economy and through Multipliers and Linkages measures the comparative ranking of key information sectors in the...

The paper reports the empirical results of the validation of the Stochastic Production Frontier (SPF) Model to an unbalanced panel comprising a crosssection of 8 manufacturing industries over a time span of 26 years The results provide insights on the repercussions of the macro-economic reform...

Australia in the 1990s experienced a surge in multifactor productivity ushering in the ¡®golden age¡¯ of productivity. The subsequent 2000 decade witnessed a dramatic slump in productivity whilst the economy was riding the crest of the biggest terms- of- trade boom in its recorded history....