China’s size limits its capacity to source further growth from exports and so the inevitable turn inward is in progress. Thus far, key home policy drivers have been fiscal expansion and public investment, though provincial indebtedness will constrain these in future and growth will be driven...

In 1924-25 A. C. Pigou was a member of the “Committee on the Currency and Bank of England Note Issues”, which became known as the ‘Chamberlain-Bradbury’ Committee after its two successive chairmen. The Committee’s report is historically important for recommending a bold and quick...

The rapid development of both wind power and of shale gas has been receiving significant attention both in the media and among policy makers. Since these are competing sources of electricity generation, it is informative to investigate their relative merits regarding job creation. We use a panel...

This paper examines the impact of the Thailand-Australia Free Trade Agreement (TAFTA) on bilateral merchandise trade flows between Australia and Thailand. Using aggregated data, an augmented gravity model is estimated in an attempt to quantify the trade creation and/or diversion effects of the...

Australia’s comparatively small and open economy is subject to boom-bust shocks that centre on its exporting mining and agricultural industries which, in average years, are minor contributors to its GDP. The associated real exchange rate effects, however, have important implications for...

This paper investigates the evolution of expenditure inequality in Indonesia during 1999-2008, a period that coincides greatly with the implementation of fiscal decentralisation policy. In general, the results show increasing expenditure inequality evident in a decreasing share of income in the...

We derive the social optimum and optimal government debt in an intergenerational model of growth with fertility, elastic labor, human capital externalities and a non-convex feasible set. Debt through lump-sum taxation increases leisure and labor, reduces fertility, and can achieve the social...

This paper aims to examine the impact of knowledge intensive business services (KIBS) on innovation in China. First, we review the development of KIBS in China by analysing the agglomeration, utilization and quality of KIBS. Second, regression techniques are employed to investigate the impact of...