摘要:

The National Economic Summit can be viewed as a symptom of the extensive use of authority in the Australian economy and equally an expression of the limitations of what can be achieved with centralized authority. An examination of the documentation left by the summit provides an opportunity to assess the implications of policy choices which use persuasion and authority rather than market disciplines.

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1983.tb00810.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

Spokesmen for Ms Thatcher's government have repeatedly stated that the British economy was ‘the sick man of Europe’ in the years before 1979; a policy of demand management in pursuit of full employment had brought only temporary relief, whereas her government's firm policy aimed at a long‐term cure. This article considers how far this diagnosis was correct, what the new policies were, how the economy has fared in the light of these policies and the development of North Sea oil and why things turned out that way. It concludes with a brief assessment of future pros

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1983.tb00811.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

Australian State governments have begun to increase royalty rates and other mineral taxes. The most instructive approach to taxation policy for the minerals sector is to set up a general model of mines which year the optimal structure of taxes. A model of mine production under uncertainty is presented. The optimal tax is a single tax with two parts. a bonus bid and conditional tax payments based on the ex‐postrent of the mine. The actual structure of taxes levied by State and Commonwealth governments is seen to be distinctly sub‐optimal in several respects. Proposals to move the actual to word the optimal structure are made, recognizing some of the constraints on information and the maximum acceptable rate of tax ref

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1983.tb00812.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

This paper analyzes the dynamic adjustments of a small, open economy faced with the certain prospect of a future export (resources) boom. It is shown how the adjustment occurs in three phases. First, the initial expectation generates an immediate (discrete) appreciation of the exchange rate. Secondly, prior to the export boom, the exchange rate continues to appreciate gradually, while a dissimulation of bond holdings by domestic residents occurs, After the boom, the exchange rate gradually appreciates further while the balance of trade moves into surplus and domestic residents begin to accumulate bond holdings. These adjustments are rejected in the movement of the relative price of traded to non‐traded goods and the implications of this for the structural adjustment of domestic industry are discusse

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1983.tb00813.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

This paper uses time‐series econometric methods to unravel the causes of the secular decline in the labour force participation rate of males aged 65 years and over. The study finds that most of the sharp and sudden decline in the participation rate during 1972–76 is atria but able 10 more generous age pension benefits, with minor support from the discouraged worker effect associated with the current recession. A key feature of the model is the inclusion of several social security policy variables, apart from the value of the old‐age pension. These policy variables include the ‘free area’ means test limit and the 1976 switch from a means to an in

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1983.tb00814.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

Two key relationships which feature prominently through out modern international monetary theory are: (i) covered interest parity and(ii) speculative efficiency of the foreign exchange market, i.e., the unbiasedness of the forward rate as a predictor of the spot rate. This paper presents some empirical evidence for these two hypotheses using Australian data over the period September 1974 to December 1981 during which the Australian dollar was essentially floating. Both quarterly and overlapping monthly data are used. The results obtained generally provide some support for the two hypotheses.

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1983.tb00815.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

This note is an empirical examination of the nature of factors influencing the utilization of credit cards in Australia. Cross‐section data from a 1980 survey are employed in an attempt to determine what individual characteristics increase the probabilities of holding cards and using extended credit facilities. Aggregative time‐series analysis seeks to explain the trends in Bankcard financing of various types of expendit

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1983.tb00816.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1983.tb00817.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1983.tb00818.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY

摘要:

Book reviewed in this article:Asset Accumulation and Economic Activity, by James TobinBeyond Positivism: Economic Methodology in the Twentieth Century, by B. J. Caldwellincomes Policy in Australia, edited by Keith HancockEquity and the Impact an Families of the Australian Tax‐Transfer System, by P. SaundersSmall Business in Australia: Problems and Prospects. by B. L. Johns and W. J. SheehanThe Indonesian Economy during the So eharto Era, edited by A. Booth and P. McCawleyThe European Miracle: Environments. Economies, and Geopolitics in the History of Europe and Asia, by E. L. JonesThe Nature of Mass Poverty, by John Kenneth Galbrai

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1983.tb00819.x

出版商:Blackwell Publishing Ltd    

年代:1983

数据来源: WILEY