Fiscal policy triggers three distinct effects on the economy such as (1) interest rate effect (2) price effect and (3) exchange rate effect. A VAR system was developed to capture these effects in five South Asian countries. Empirical results suggest that budgetary action does not have any...

This paper employs all quarterly time series currently available to endogenously determine the timing of structural breaks for various monetary aggregates and interest rates in Australia over the last thirty years. The Innovational Outlier model (IO) and the Additive Outlier model (AO) are then...

South Korea was one of the most adversely affected economies from the Asian financial and economic crisis of 1997. This paper focuses upon the contribution that the SME sector in this country is making towards the recovery of the economy, and, in particular, focuses upon their contribution in a...

Empirical studies that have examined the relationship between trade reforms and manufacturing performance have tended to use productivity growth, export growth and changes in price-cost margins as yardsticks of performance measures. We have examined the available literature for the purpose of...

Organizational Innovations (OIs) are defined as disembodied technology as against embodied technology or technical (technological) innovations. The firms, as we see them today in the USA, Japan and many other countries, are organized according to OIs that took place in the USA and Japan in the...

This paper is concerned with developing a simple two-country model with the objective of identifying the macroeconomic impact arising for a small open economy from shocks emanating from a large country. The latter can also be interpreted as representing a bloc of countries that exert an...

This paper investigates dynamic aspects of labour market adjustment in Australia during 1989/90 and 2000/01 due to extensive trade reforms and associated developments in intra-industry trade. In view of the foregoing, it was hypothesised that trade reforms have had a positive impact on...

This paper analyzes the issue of per capita income convergence and world level of intercountry income inequality within a geographical context.

Between the 1880s and 1930s the international wool auction market shifted decisively from Britain to Australia. A series of historical developments altered the efficiency criteria for the existing institutional arrangements, notably the growing international dominance of Australian wool...

Australian unionism built upon strong foundations transported from Britain. Subsequently it grew beyond this base inscope and form. By 1890 the level of unionisation of the colonial workforce exceeded that in the mother country. This was mainly due to the upsurge of new unionism in the late...