This paper examines the role of foreign direct investment in the growth of central and Eastern European countries, the Baltic States and the CIS around the transition period.

In many markets unit prices decline as the quantity purchased rises, a phenomenon which can be considered to be part of the economics of packaging. For example, in Australia marijuana costs as much as 80 percent less if purchased in the form of ounces rather than grams. This paper reviews the...

This paper evaluates the role of technical change as a mediating channel through which the effects of institutions trickle down to affect macroeconomic volatility, crises and growth. Using different samples, estimation procedures and indicators of institutions and technical change, we find a...

This note applies standard price theory to currencies, arguing that the demand and supply of currencies determines exchange rates.

This is Chapter 3 of my PhD thesis Understanding the World Wool Market: Trade, Productivity and Grower Incomes, UWA, 2006. The full thesis is available as Discussion Papers 06.19 to 06.24. The purpose of this chapter is twofold: first, to present the theoretical structure of the model to be...

Brief analytical notes on the interactions between exchange rates and commodity prices. Gold and iron-ore are used as examples of the issues raised. The paper also presents a stylised model to determine the effects of exchange-rate changes on the internal and external prices of commodities. Also...

Purchasing Power Parity (PPP), the link between exchange rates and prices, is a fundamental building block of international finance, one which has been attracting increasing research interest during the past three decades. The Big Mac Index (BMI), invented by 'The Economist' magazine in 1986,...

This paper examines the validity of two classes of simple technical trading rules – moving averages and trading range breaks – in the Australian Stock Exchange. We conduct our empirical analysis in two stages. In the first stage, standard t-tests are used to compare returns generate by the...

The purpose of this critical note is to contest the recent interpretation of the choicepreference approach of the “Sunto” by drawing attention to its cardinal restrictions and by highlighting the continuity in Pareto approach to utility theory between the “Sunto”, the 1906 Manuale di...

This is Chapter 4 of my PhD thesis Understanding the World Wool Market: Trade, Productivity and Grower Incomes, UWA, 2006. The full thesis is available as Discussion Papers 06.19 to 06.24. This chapter has three broad aims: (i) to describe the sources and methods used to construct the WOOLGEM...