The purpose of this paper is to quantify the efficiency with which Australian universities utilise their teaching resources. The study estimates the cost efficiency of 36 universities over the period 1995-2002 using stochastic frontier analysis. The present study differs from previous cost and...

This study contributes, on the basis of economic theory, to an explanation of exchange rate volatilities for a large number of currencies. We relate daily changes in GARCH(1,1) volatilities of exchange rates to the volatility changes of several of their presumed fundamental economic...

This paper examines and dissects ten popular "suspect" conjectures about exchange rates. The conjectures are the following: (1) Economists know what determines the exchange rate (2) Flexible exchange rates are unstable due to destabilising speculation (3) Flexible exchange rates are excessively...

The experimental and field studies surveyed by Latane and Nida (1981) establish an inverse relationship between the probability that a person is helped and the size of the group of potential helpers. Harrington (2001) attempts to account for this phenomenon using a 'rational choice' model in...

The purpose of this paper is to suggest ways in which core labour standards can be incorporated into the WTO. Though regarded by some as simply a vehicle for protectionism, the campaign for core labour standards is based on sound economics that extends the logic of trade regulation to the...

The present study investigates the impact of dual listing of Australian shares on the NZSE. The results suggest that the average excess return on the day of listing is negative but is statistically insignificant. The negative excess return starts to accumulate before the day of listing and...

This paper examines and assesses the Report of the Senate Select Committee on Superannuation and Standards of Living in Retirement of an inquiry into “the adequacy of the tax arrangements for superannuation ad related policy to address the retirement income and aged and health care needs of...

The concept of sustainable development as defined in ecological terms can be extended to apply to culture by recognising parallels between the concepts of natural and cultural capital. This paper reviews the definitions of both these forms of capital and shows how they contribute to...

This paper examines Keynes's thoughts on the economic causes of war. Though an issue upon which the classical economists and their popularisers wrote much, the links between economics and war has become, beyond an unthinking acceptance of the pacific qualities of free trade, an issue largely...

This paper provides a characterisation of U.S. monetary policy within a generalized Taylor rule framework that accommodates uncertainties about the duration of policy regimes and the specification of the rule, in addition to the standard parameter and stochastic uncertainties inherent in...