Economics - Research Publications

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    The Evolution of Tariff Protection and WageProtection in the Late Colonies and Early Federation
    Lloyd, P (WILEY, 2017-12)
    This paper examines the links between tariff protection and wage protection. These two areas of regulation were linked politically by a coalition of the Protectionist Party and the Labour Party which supported both policies together. In the regulatory systems themselves there were links through New Protection Policy and the major influence it had on the hugely important Harvester Judgment of the Court of Conciliation and Arbitration. By 1910, these developments had laid down the foundations of Australian tariff policy and labour market regulation which became among the most highly regulated markets in the non‐communist world for many decades.
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    A REVIEW OF THE RECENT LITERATURE ON THE INSTITUTIONAL ECONOMICS ANALYSIS OF THE LONG-RUN PERFORMANCE OF NATIONS
    Lloyd, P ; Lee, C (WILEY, 2018-02)
    Abstract This paper reviews the recent (post‐2000) literature that assesses the importance of institutions as a factor determining cross‐country differences in growth rates or in the contemporary level of “prosperity.” It first sketches how institutional economics has evolved. It then examines critically the methods of analysis employed in the recent literature. The paper finds that this literature has made a major contribution to the analysis of the causes of economic growth but the relative importance of institutions as a determinant of long‐run growth and prosperity is still a wide open question.
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    The First 100 Years of Tariffs in Australia: the Colonies
    Lloyd, P (WILEY, 2017-11)
    This paper reviews the history of tariffs imposed by the six Australian colonies during the nineteenth century. In each of the colonies, we identify the starting dates for the first tariffs, first preferences, and other features, and the turning points in the levels of tariffs. We then construct a time series of the average tariff levels in the individual colonies and an average for all six colonies combined. The conclusion notes general features of the pattern of tariffs and how the main features of colonial tariffs, such as the favourable treatment of intermediate inputs, the complex differentiation of tariff rates within industries, and the protection implicit in the excise tax system all carried over to the Commonwealth Customs Tariff in the twentieth century.
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    Anti-dumping and competition law
    LLOYD, PJ ; MACRORY, PFJ ; PLUMMER, MG ; APPLETON, AE (Springer Science+Business Media, 2005)
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    What is a Single Market? An Application to the Case of ASEAN
    LLOYD, P. (Institute of Southeast Asian Studies, 2007)
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    Welfare-Based and Trade-based Indicators of National Distortions
    LLOYD, P ; Croser, J ; Anderson, K ; Anderson, K (Palgrave Macmillan, 2009)
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    HOW DO AGRICULTURAL POLICY RESTRICTIONS ON GLOBAL TRADE AND WELFARE DIFFER ACROSS COMMODITIES?
    Croser, JL ; Lloyd, PJ ; Anderson, K (OXFORD UNIV PRESS INC, 2010-04)
    Abstract For decades the world's agricultural markets have been highly distorted by government policies, but differently for different commodities such that a ranking of weighted average nominal rates of assistance across countries can be misleading as an indicator of the trade or welfare effects of policies affecting global markets. This article develops two theory‐based indicators, drawing on the recent literature on trade restrictiveness indexes. It estimates those indicators for each of 28 key agricultural commodities from 1960 to 2004, based on a sample of 75 countries that together account for more than three‐quarters of the world's production of those agricultural commodities.