Data from the mining and manufacturing sectors of the Australian and Canadian economies are used to illustrate the divergent cyclical behaviour of prices and productivity. Productivity in manufacturing is observed to move in the same direction as demand shocks. The opposite is found in mining. Why?

A commodity price boom is under way. What does this boom mean for countries with substantial net commodity exports? In particular, can a commodity price boom be expected to increase inflationary pressure on the domestic economy?

A recurring theme in Steindl's analysis of firm growth is the tendency toward industry concentration. His earliest writings examine the influence of risk on firm growth (Steindl (1941, (1945a) and (1945b)). He then turns his attention to the influence of technical progress ( Steindl (1976), and,...

A commodity price boom is under way. What does this boom mean for countries with substantial net commodity exports? In particular, can a commodity price boom be expected to increase inflationary pressure on the domestic economy?

This paper empirically investigates and identifies the main contributing factors to output and productivity growth in Australia for the period 1950-2005. Cointegration and a vector error-correction model are used along with Granger causality tests, impulse response functions and forecast error...

We contribute to the task of identifying trends and cycles in energy prices by examining very long series of prices for coal and oil, going back to 1650 in the case of coal and 1859 in the case of oil. We find annual rates of increase in real price of greater than two percent are found for coal...

This paper empirically investigates and identifies the main contributing factors to output and productivity growth in Australia for the period 1950-2005. Cointegration and a vector error-correction model are used along with Granger causality tests, impulse response functions and forecast error...

This paper empirically examines the impact of oil price volatility on key macroeconomic indicators of Thailand. Following Andersen etal.[2004. Analytical evaluation of volatility forecasts. International Economic Review 45(4), 1079–1110], quarterly oil price volatility is measured by using the...

Evolutionary economists have tended to assess firms and industries separately, neglecting the role of their interaction in the process of economic growth and development. We trace the separation of firms and industries to the introduction of population thinking in the discipline of industrial...

Joseph Schumpeter and Josef Steindl provide distinctive contributions to the analysis of growth and development under capitalism. They each relate growth outcomes to the dynamics of competition. They also each analyse the evolution of competition and use this analysis to determine the growth...