Using the GARCH (generalized ARCH) specification, this paper examines the Ramadan effect for stock markets in both Islamic and non-Islamic countries in Southeast Asia for the period 1997 to 2008. Similar patterns of results were observed in these Islamic and non-Islamic countries, suggesting the...

The Pacific islands have weak economic growth and limited structural changecompared to the rest of developing Asia. Remoteness and low economic densityare two causes. To mitigate these constraints, bilateral arrangements withAustralia and New Zealand let Pacific workers seasonally migrate to...

This thesis examines the Efficient Market Hypothesis in terms of the existence of the turn-of-the-year (TOY) effect in ten Asia Pacific stock markets. These market indices include five developed markets (Australia, Hong Kong, Japan, New Zealand, and Singapore) and five emerging markets...

In 2008 the Australian Government announced a new labour mobility scheme for Pacific workers, with the objective of meeting seasonal demand for low skilled labour in the horticulture industry and promoting economic development in Pacific Island Countries. Modelled on New Zealand’s Recognised...

The Pacific islands have weak economic growth and limited structural change compared to the rest of developing Asia. Remoteness and low economic density are two causes. To mitigate these constraints, bilateral arrangements with Australia and New Zealand let Pacific workers seasonally migrate to...