In this article it is shown how the cointegration or joint trending behavior of economic time series helps to alleviate the errors in variables problem.

A method of deriving asymptotics for linear processes is introduced which uses an explicit algebraic decomposition of the linear filter. The method leads to substantial simplifications in the asymptotics and offers a unified approach to strong laws and central limit theory for linear processes....

A number of algorithms are presented for calculating the exact likelihood of a multivariate ARMA model. There are two aspects to the algorithms. Firstly, the parameterization is in terms of AR parameters and autocovariances. This obviates difficulties with initial MA estimates. Secondly, the...

In Australia, the so-called Group of Eight (Go8) universities have lower student-to-staff ratios, better qualified staff, superior research outcomes, and generally better placement in university rankings compared to non-Go8 universities. They are also typically the most competitive universities...

This study investigates the relationship between university quality and graduate starting salaries using pooled Australian data from the Graduate Destination survey and a two-stage estimation methodology. The results suggest that average starting salaries for young undergraduates differ...

We study whether Australian employers recognise immigrants' education acquired abroad, and if so how. Using data from the Longitudinal Surveys of Immigrants in Australia, we apply interval regression to model migrant hourly earnings. We find substantially higher returns from human capital...