Recently added articles from Economic Papers - Economic Society of Australia:
Between forced resumption and voluntary sale: a mechanism for the collective sale or transfer of irrigation water.(Report)
Dec 01, 2008; ... 1 Introduction The Murray--Darling basin is in crisis in south-eastern Australia, with environmental flows desperately needed. The Commonwealth Government has allocated $500m to the Murray--Darling Basin Commission (MDBC) for the purchase of 500 gigalitres (GL) of water for ...
FuelWatch: evidence-based-policy or policy-based-evidence?(Report)
Dec 01, 2008; ... 1 Introduction Stilgoe, Irwin and Jones (2006) provide a detailed discussion of evidence based policy in the United Kingdom and the United States that sets the context for this paper. They document cases where expert evidence was often reshaped and repackaged by governments so ...
Gauging economic performance under changing terms of trade: real gross domestic income or real gross domestic product?(Report)
Dec 01, 2008; ... 1 Introduction By the June quarter of 2008 Australia's terms of trade had risen by 64% since the June quarter of 2002, to reach their highest level since 1950-1951. (2) What is the significance of this sudden surge? How is its impact best measured? To answer that question it is ...
Shared services in Australian local government: a case study of the Queensland Local Government Association Model.(Report)
Dec 01, 2008; ... 1 Introduction National and state-based inquiries into the finances of Australian local government have found that not only are a large number of local councils financially unsustainable, but that local infrastructure maintenance and replacement have been the worst affected area ...
An approach to teaching monetary policy since deregulation.(Report)
Dec 01, 2008; ... 1 Introduction There has been a monumental change to Australia's macroeconomic landscape since the full institution of deregulation. Deregulation has ushered in a competitive banking system and, as a consequence, it has also ushered in full endogenisation of the money supply ....
Is the decline in the frequency of draws in test match cricket detrimental to the long form of the game?(Report)
Dec 01, 2008; ... 1 Introduction and Previous Literature During the 'glory days' of cricket in the 1980s, while there was still much fan interest in Test Cricket, One-Day Internationals (ODIs) seemed a far more glamorous television spectacle. Maybe it was the then revolutionary Tri-Nations ...
Measuring the equity burden in public service provision: the case of New Jersey toll roads.
Dec 01, 2008; ... 1 Introduction The basic research questions addressed in this paper are: (1) How can equity in public services be measured? and (2) How equitable is the provision of particular public services by particular agencies? We begin to answer these questions by focusing on a ...
Financial reforms in an emerging economy: the case of Malaysia.(Report)
Dec 01, 2008; ... 1 Introduction The focus of this paper is on financial reforms in Malaysia after the 1997 East Asian Financial Crisis, when the economy suffered its worst recession since independence in 1957. The 1997 currency crisis has been seen--by those who diagnosed it as being due to ...
A note from the new editor.
Sep 01, 2008; ... The Economic Society of Australia has given me the privilege of being the new editor of Economic Papers. This will be the last issue of Economic Papers edited by Professor Russell Smyth. On behalf of the ESA, I thank Russell for the careful editorial job he has carried out, for the heavy ...
Australia's long-run economic strategy, performance, and policy: a new dynamic perspective.(Essay)
Sep 01, 2008; ... 1 Introduction Australia has an unparalleled history of successful societal dynamics, stretching back some 60,000 years. For most of this vast period of time, Aboriginal society was able to remain dynamic and viable--a remarkable achievement that I have attempted to explain ...
Returns to education in Australia.(Report)
Sep 01, 2008; ... 1 Introduction The effect of human capital on income is an issue of central importance to economists and public policymakers alike. Comparing income differentials within countries, labour economists have generally found that better-educated workers earn higher wages and are more ...
Australian early retirement tax biases prior to July 2007 and the likely effects of tax reform on retirement plans.
Sep 01, 2008; ... 1 Introduction The demographic prognosis for the twenty-first century is that all national populations will age structurally and most in the developed world will ultimately decline in size. Australia's structural ageing is less pronounced than that in many other countries, but ...
Examining the behaviour of visitor arrivals to Australia from twenty different countries: an application of panel unit root tests.(Report)
Sep 01, 2008; ... 1 Introduction The recent bout of terrorist attacks beginning with the 11 September disaster concomitant with the outbreak of viruses such as SARS have accentuated the volatile nature of the global tourism industry. The global tourism industry experienced a 17% fall in the ...
The regulation of investments.(Report)
Sep 01, 2008; ... 1 Introduction The purpose of this paper is to reconsider the regulation of investment products and markets. This topic has assumed considerable importance of late because of some well publicised failures of investment vehicles and because of rapidly growing retirement savings ...
The job network and underemployment.(Report)
Sep 01, 2008; ... 1 Introduction In 1998 the Government abolished the Commonwealth Employment Services and replaced it with a devolved system of private providers of employment services. This new system, the Job Network, involved a radical change in the way in which employment services were ...
Financial regulation: costs, benefits and the process of regulatory change.(Report)
Jun 01, 2008; ... In principle, the process of financial regulation in a market oriented economy such as Australia seems simple. Identify problems arising from market failures, introduce suitable regulation, and achieve compliance by regulatory oversight and enforcement. In practice, however, the process of ...
Improving the process of change in Australian financial sector regulation.(Report)
Jun 01, 2008; ... 1 Introduction The papers in this collection are concerned with the broad topic of financial regulation: its costs and benefits and the process of regulatory change. The purpose of this paper is to consider ways of improving the process of regulatory change as it affects the ...
Implementing best practice regulation in a dynamic marketplace: consultation and accountability.(Report)
Jun 01, 2008; ... 1 Introduction Strong regulatory principles are the first step towards achieving a sound regulatory system; implementing them is the second. To date, the financial sector has been let down by the latter and there is growing frustration among businesses upon whom the burden ...
Regulation impact assessment.(Report)
Jun 01, 2008; ... 1 Introduction The purpose of this paper is to make some observations on regulation impact assessment, focusing on a critical examination of the requirements set out in the Best Practice Regulation Handbook (OBPR, 2007), referred to hereafter as the 'Handbook', which was ...
Developing a globally-competitive financial services sector: managing the tension between innovation and regulation through self-regulation.(Report)
Jun 01, 2008; ... 1 Introduction Australia's Commonwealth Government has a policy to develop and maintain the Australian financial services industry as a leader within the Asia--Pacific region. In this paper we explore how Australian Financial Services legislation and regulation have coped with ...