This paper calculates, using a representative-agent model of a small open economy, the optimal rate of national saving for Australia and Japan for the period from the middle 1990s to 2050. The calculations focus on the implications of making allowance for the aging structure of the population in...

The authors provide an overview of papers presented at The Scholarship of Teaching Economics conference that was held at The University of Melbourne in July 2000. The objective of the conference was to bring attention to research being conducted in economic education at the tertiary level and to...

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This paper reviews evidence on causes of unemployment in Australia from cross-country studies of the relation between the rate of unemployment and a range of macroeconomic and institutional factors. An overview of the evolution of this literature and of the possible institutional factors that...

The diagnosis of possible heart disease in the well patient has undergone remarkable shifts over the past century. The traditional medical view places strong emphasis on the contribution of technological data to the diagnosis of disease. In the case of serious heart disease, cardiac diagnostic...

The vintage and homogeneous capital forms of the aggregate production function can be calibrated to generate the same output level from a given data set in steady state. However, it is shown show that this equivalence breaks down during the adjustment process to an employment shock, such as that...

We investigate reference group formation and the impact of social comparisons on ultimatum bargaining using a laboratory experiment. Three individuals compete in a real-e¤ort task for the role of the proposer in a three-player ultimatum game. The role of the responder is randomly allocated. The...

In the world of quantum improvement, managing paradigm shifts has aroused unprecedented interest among academics and practitioners. Better and better ways of managing business processes are needed to create sustainable improvement. Excellence is the product of a complex mixture of strategic...