Social networks are frequently cited as vital for facilitating successful adaptation and transformation in linked social-ecological systems to overcome pressing resource management challenges. Yet confusion remains over the precise nature of adaptation versus transformation, and the specific...

In this paper we introduce a state-space approach to the econometric modelling of cross-sectional specific trends (temporal variation in individual heterogeneity) and time varying slopes in the context of panel data regressions. We show that our state-space panel stochastic frontier model nests...

Much of the endogenous growth literature has dwelled on evaluating the spillover effects of trade on growth, but much less efforts have been directed towards tracing and quantifying the spillover effects of foreign investments. This paper, in incorporating the effects of various types of foreign...

Housing price indexes are generally computed using variants of hedonic housing price models. The commonly used methods are the time-dummy method, the hedonic imputation method and the rolling window hedonic models. In addition, hedonic models that explicitly account for spatial correlation in...

Giles and Goss (1980) have suggested that, if a futures market provides a forward pricing function, then it is an efficient market. In this article a simple test for whether the Australian Wool Futures market is efficient is proposed. The test is based on applying cointegration techniques to...

"This study uses a contingent valuation (CV) survey to establish a sample of outdoor exercisers' willingness to pay (WTP) for ambient air quality improvements in East Baton Rouge parish, Louisiana. Estimated annual median and mean WTP values are £95 and £191, respectively, per person per year...

This article analyses the impact of trade and foreign investment on a small but not so open economy, Australia, whose growth rate outpaced the majority of the OECD countries in the last decade. We model five channels of outward orientation: exports, imports, foreign direct investment, foreign...