摘要:

Building models of nonlinear relationships are inherently more difficult than linear ones There are more possibilities, many more parameters and thus more mistakes can be made. It is suggested that a strategy be applied when attempting such modelling involving testing for linearity, considering just a few model types of parsimonious form and then performing post‐sample evaluation of the resulting models compared to a linear one. The strategy proposed is a ‘simple‐to‐general’ one and the application of a heteroskedasticity correction is not r

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02103.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

In the past decade there has been a great increase in interest in trade in services. This paper estimates the determinants of trade flows for two service industries, travel and passenger transportation services, for 16 OECD countries Traditional and more recent models of import demand and demand for export functions are utilized The empirical results indicate similarity between trade in goods and trade in services. Price competitiveness is an important factor in determining the trade flows in travel services and like trade in manufactured goods, exchange rate variations have some influence on the volume of travel and passenger transportation services

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02104.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

Using data from the 1986–87Survey of Working Age Aborigines in New South Wales,this paper presents the results of a probit analysis to determine the characteristics which differentiate employed Aborigines from Aborigines not in employment The results of the probit analysis show the importance of the acquisition of human capital to the employment success of Aborigines, at least in New South Wales. Increments in level of education, previous participation in formal labour market programs, and previous employment experience all have significant, positive impacts on the likelihood of individual Aborigines being in employme

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02105.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

The relation between immigration and the economic welfare of residents b analyzed for resource‐rich economies (such as Australia) both under competitive conditions and when various distortions are present Immigration provides efficiency gains for residents under distortion–free competition for standard ‘gains from trade’ reasons. Such reasons, however, tend to be ignored by immigration and ‘optimal population’ theorists who raise the issue of restricting immigration without explicitly referring to the distortions. In situations where distortions and externalities are present, we argue that it is generally preferable to devise policies which specifically target the distortions than to restrict

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02106.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

In most countries, retirement benefits from pension saving must be taken as an annuity. By contrast, Australia allows benefits to be taken as a lump sum, and instead has recently introduced various tax incentives to encourage annuity purchase. This paper investigates the effectiveness of these tax concessions, and concludes that they do little to achieve this objective This is because they are nullified by the provisions of the broader tax and social security framework within which Australian private pension policy is set

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02107.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

This paper derives a precise necessary and sufficient condition for devaluation to eventually improve the balance of payments in domestic currency, using assumptions more appropriate for a small open economy than those of Marshall‐Lerner. It will be shown that, following devaluation, the balance of payments deteriorates over a short period before it gradually improves– the so‐called J‐curve effect The duration of this short period will be shown to depend on the magnitude of trade elasticities, lag‐coefficients, unhedged foreign debt denominated in foreign currency, interest rate and current accou

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02108.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

In this paper a range of unit root and cointegration tests are applied to the time‐series variables most commonly found in the various specifications of the Australian wage equation. We find a contradiction between the standard Dickey‐Fuller (DF) tests and the results from Johansen estimation regarding the order of integration. The conclusion we reach using tests developed by Perron (1989,1990) is that all the variables are trend stationary processes and that the cointegration framework is inappropriate in this c

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02109.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

This article uses workplace level data from the recent Australian Workplace Industrial Relations Survey to test a simple demand and supply model explaining the level of union membership within Australia The findings suggest that previous research using individual‐level data has understated the importance of the supply‐side in influencing union membership. In particular, unionization levels were found to be highly sensitive to firm size, to the number of unions represented in the workplace and to management attit

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02110.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02111.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

Banks as Multinationals, edited by G. JonesPrice Theory and Applications, by J. Hirshleifer and A. GlazerThe Economics of Monetary Integration, by P. de GrauweThe Economics of Order and Disorder, by J. Lesourne

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02112.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY