Do well-functioning stock markets and banks promote long-run economic growth? Recent studies answer this important question in the affirmative. This paper presents a reasonable extreme bounds analysis of the empirical relationships between the financial system and economic growth as well as the...

While the link between the labour force status and welfare of Australian sole parents has been well documented, there is little empirical evidence on the responsiveness of this group to economic incentives. This paper uses an econometric modelling framework to predict the labour supply, welfare...