Based on interpersonal comparisons, a welfare loss measure of unemployment is developed. The proposed measure is additively decomposable which enables us to assess the group-specific contribution to aggregate welfare cost. It possesses certain other desirable properties. It is sensitive to...

This paper examines the effects of public infrastructure on the cost structure and productivity in the private sector in Australia. Translog cost functions incorporating public capital infrastructure are estimated for the aggregate private sector as well as for seven broad industry groups using...

"This paper examines the technical efficiency of Australian banks during the post-Wallis period (1997-2005). The results based on data envelopment analysis reveal that the extent of technical efficiency varies across the banks and over the years. The National Australia Bank, Commonwealth Bank...

A method is developed to examine the population subgroup income effects on inequality using the generalized Theil indices. The proposed method is illustrated by computing the effects of marginal changes in the occupation-specific incomes on per capita income inequality in Australia based on data...

This paper estimates the private sector productivity growth in the Australian economy by decomposing productivity growth into growth of efficiency and technical progress. The paper computes Malmquist indices of Total factor productivity (TFP) using a Data Envelopment Analysis (DEA)-like linear...

The world eocnomy is currently adjusting to a low inflation regime which has implicastions for the cross-country distribution of world growth opportunities. In contrast to previous related work which assumes unidirectional causality, this paper uses the Granger methodology to examine both the...

A cost function framework is used to model the productivity effect of trade openness in terms of cost saving. The idea of 'cost saving' is closer to the entrepreneur's view of productivity. An entrepreneur would expect a reduction in the cost of production if trade openness brings any benefits...

This paper explores the issue of discrimination against Asian migrants in the Australian labour market using a unique panel data set, the Longitudinal Survey of Immigrants to Australia (LSIA). This paper estimates models of the probability of being unemployed for Asian and non-Asian migrants...