The tension between cooperative and competitive impulses is an eternal issue for every society. But how is this problem perceived by individual participants in the context of a behavioral games experiment? We first assess individual differences in players’ propensity to cooperate in a series...

This paper examines the determinants of Australian university graduates’ starting salaries, with an emphasis on the institution attended and field of study. It is shown that there is little difference between the starting salaries of students who attended Go8 universities and those who...

This paper examines the theoretical and empirical relationships between the major exchange rates and the price of gold using forecast error data. Among other things, it is found that, since the dissolution of the Bretton Woods international monetary system, floating exchange rates among the...

In the 1896-97 Cours d’Économie Politique and the 1906 Manuale di Economia Politica, Vilfredo Pareto made no use of the ‘Fisherian’ type quantity theory equations of exchange that Walras developed in the 1874 edition of the Éléments d’Économie Politique Pure and completely ignored...

This article uncovers a strong link between scientific and engineering publications on the one hand, and growth volatility on the other: growth volatility is significantly lowered by a country’s ability to publish more scientific and engineering journal articles. This link is strongest among...

A pervasive result in the empirical “trade-wage” literature is that liberalization is associated with rising skill premiums in developing economies. Though this represents a puzzle in the context of static Heckscher-Ohlin models, the dynamic effects of trade liberalization have received...

Food occupies a role of particular importance in the consumer’s budget, especially in poor countries. This paper deals with special issues arising from modelling food consumption patterns in 138 countries, where per capita incomes differ by as much as a factor of 100. We explore various forms...

China’s growth has been rapid but the value of China's international trade has grown even faster. This trade-biased growth is bringing both challenges and opportunities for Asian economies that are highly integrated with Chinese trade networks. Moreover in ASEAN countries such as Indonesia and...

India’s investment rate has increased fourfold since 1950 and is now nearly 40% of GDP. Many studies have suggested that this rising investment rate is the most significant component of India’s growth acceleration. I assess these hypotheses using the neoclassical growth model decomposition...