We theoretically model and empirically investigate a society’s liberalization decision and its impact on income inequality. The motivation is that a blanket conclusion that globalization increases inequality within countries can be misleading. In the paper, the decision of the society rests on...

In this paper we estimate a Translog output distance function for a balanced panel of state level data for the Australian dairy processing sector. We estimate a fixed effects specification employing Bayesian methods, with and without the imposition of monotonicity and curvature restrictions. Our...

The empirical evidence on the Kuznets hypothesis ranges from positive or negative support to insignificant relationships. Most studies typically try this hypothesis in domains different than the one conceived by Kuznets, which pertains to the industrialization-led urbanization (i.e., significant...

A number of sports around the world impose caps on the number of players allowed on a team list. These arrangements are commonly defended on the grounds of maintaining the financial viability of the leagues by limiting salary demands on struggling clubs. However, these restrictions are also...

This paper estimates productivity growth in Malaysian manufacturing over the period 1983-1999. Malmquist productivity Indices (MPIs) have been computed using non parametric Data Envelopment Analysis (DEA) type linear programming, which show productivity growth sourced from efficiency change and...

Agricultural production, by its nature, impacts upon the environment. Performance measurement from the perspective of society should consider the full impact of a productive activity. This paper examines how the use of a biophysical model can assist in developing a farm performance measure...

In this paper we explore the extent of exchange rate pass-through for the USA, UK and Japan using a post-Bretton Woods industry-level dataset. We investigate how different channels of exchange rate pass-through affect domestic and import prices. Our analysis is suggestive of two channels of...

Recent studies of the experience of the British life insurance industry indicate that a period of transition, and the development of more diversified investment strategies began in the inter war period. Australian life insurers lagged behind their British counterparts in the introduction of such...

Privatisation was expected to promote investment in the economy as part of improving dynamic efficiency. The relation between aggregate public and private investment in Australia is investigated in an endogeneous ECM framework. Model selection for a simple investment function allows restrictions...