Economics - Research Publications

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    Analysis of treatment response data from eligibility designs
    Chib, S ; Jacobi, L (ELSEVIER SCIENCE SA, 2008-06)
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    Modelling the composition of government expenditure in democracies
    Creedy, J ; Moslehi, S (ELSEVIER SCIENCE INC, 2009-03)
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    New and robust drift approximations for the LIBOR market model
    Joshi, M ; Stacey, A (ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, 2008)
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    IS THE RELATIONSHIP BETWEEN SOCIOECONOMIC STATUS AND HEALTH STRONGER FOR OLDER CHILDREN IN DEVELOPING COUNTRIES?
    Cameron, L ; Williams, J (SPRINGER, 2009-05)
    Recent research on the relationship between child health and income in developed countries reveals a positive gradient that is more pronounced for older children, suggesting that the impact of income upon health accumulates. This article examines whether the same is true in a developing country. Using data from the Indonesian Family Life Survey on children aged 0 to 14 years, we find that although low income adversely affects health, its impact does not differ by age. This finding is robust to the use of both subjective and objective health measures, controlling for selective mortality, the use of alternative measures of households' resources, and the inclusion of indicators of health at birth and parental health. One explanation for the constancy of the health-income relationship that we explore is the dominant role played by acute illness in determining the general health status of children in a developing-country context compared with the more central role played by chronic conditions in developed countries.
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    Welfare‐Reducing Mergers in Differentiated Oligopolies with Free Entry
    ERKAL, N ; Piccinin, D (Wiley, 2010)
    https://doi.org/10.1111/j.1475-4932.2009.00612.x
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    Phillips Curve and the Equilibrium Unemployment Rate*
    LIM, GC ; DIXON, R ; TSIAPLIAS, S (Wiley, 2009-12)
    A time‐varying Phillips Curve was estimated as a means to examine the changing nature of the relationship between wage inflation and the unemployment rate in Australia. The implied time‐varying equilibrium unemployment rate was generated and the analysis showed the important role played by variations in the slope of the Phillips Curve in changing the equilibrium unemployment rate. The deviations of actual unemployment rates from the estimated equilibrium unemployment rates also performed remarkably well as measures of inflationary pressure.
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    The role of portfolio shocks in a structural vector autoregressive model of the Australian economy
    Fry, R ; Hocking, J ; Martin, VL (BLACKWELL PUBLISHING, 2008-03)
    Domestic and foreign equity shocks on the Australian economy are analysed within a five‐variate structural vector autoregressive model, with identification achieved through long‐run restrictions based on the natural rate hypothesis, monetary neutrality, long‐run portfolio balance and purchasing power parity. The results show that real equity values were undervalued by 19 per cent by June 2005, with the gap narrowing thereafter. Foreign crises are important factors explaining this deterioration. The real wealth effects of equity market shocks impact significantly upon financial and goods market prices, whereas output tends to be immune. The model is also able to address puzzles that exist in the vector autoregression literature.