摘要:

We show that business‐cycle phenomena, climatic conditions and industrial structure are important determinants of annual variations in Australia's labour productivity growth. Another finding is that Australia's productivity slowdown in the 1980s was associated with a reduction in capital growth per unit of labour. The methodology relies on production functions at the industry level We analyze the sensitivity of results to the specification of these function

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1992.tb01756.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

The degree of community satisfaction with alternative macroeconomic outcomes is of considerable interest to policy makers. Ad hocmeasures of community macroeconomic welfare, so‐called Misery Indexes, are commonly used as proxies of such welfare These indexes are very rudimentary and make implicit restrictive assumptions about the community's marginal rates of substitution among different macroeconomic outcomes. The current paper demonstrates a framework for statistically estimating the relative responsiveness of community welfare to such variables as unemployment, inflation, interest rates, real wages and measures of Australia's external performance. Morgan Gallup Poll data are used to proxy levels of community (dis)satisfactio

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1992.tb01757.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

The exit/voice model of the labour market predicts that unionized workers will enjoy a greater level of fringe benefits, both absolutely and as a share of total compensation, than non‐unionists. This is because unions can, through the medium of collective voice, communicate to management a picture of the preferences of the median worker. In non‐union settings, however, management responds to the perceived preferences of the young, mobile workers at the hiring margin and these typically place a low priority on fringe benefits relative to money wages. Using data from the A ustralian Longitudinal Survey it is found that the hypothesis is supported by the evidence for Austra

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1992.tb01758.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

This paper proposes a method of estimating total expenditure elasticities based on the implicit Engel equations derived from the Lorenz curve of total expenditure and concentration curves of commodity‐specific expenditures. The proposed procedure is computationally easy to implement and produces elasticity estimates which appear to satisfy the adding‐up criterion well For illustration, the method is applied to the 1984 Household Expenditure Survey and an attempt is made to compare the present estimates with those generated in previous Australian stud

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1992.tb01759.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

A model is estimated to explain Australia's demand for imports over the period from September 1974 to September 1989. Using cointegration techniques, it is found that growth in imports is well explained by movements in domestic activity, relative prices of imports and exports, and overtime. The models explain almost all of the rapid growth in imports over the period from September 1986 to September 1989. Over this period, the relative price of domestic goods to imports grew more strongly than domestic activity, and the contribution of relative prices to growth in imports is found to outweigh that of activity.

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1992.tb01760.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

The Commonwealth Grants Commission has, over the past ten years, been concerned with assessing the per capita relativities to be applied to the distribution of general revenue grants to the States in Australia to achieve fiscal equalization. In arriving at these assessments, the Commission has developed a number of approaches to the treatment of specific purpose payments. It is argued that one of these approaches–the inclusion approach–has an overriding effect which may place fiscal equalization in conflict with other objectives of Commonwealth policy. The nature of this conflict and its management are then expl

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1992.tb01761.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

Book reviewed in this article:Game Theory and Economic Modelling, by David M. KrcpsUncertainty in Economics–Readings and Exercises, by P. Diamond and M. RothschildRetrospectives on Public Finance, edited by L. EdenHandbook of Monetary Economics, by B. M. Friedman and F. H. HahnThe Slate and the Monetary System, by K. DowdDevelopments in Australian Monetary Economics, edited by Colm Kearny and Ronald MacDonaldIndustrial Economics and Organization (2nd edn), by D. A. Hay and D. J. MorrisDeregulation or Better Regulation?, edited by B. Head and E. McCoyAboriginal Employment Equity by the Year 2000, edited by J. C. Altman, Research Monograph No 2, 1991Upgrading New Zealand's Competitive Advantage, by G. T. Crocombe, M. J. Enright, and M. E. PorterAid and Development in the South Pacific, Pacific Papers 2, by P. Bauer, S. Siwatibau and W. KasperMaking Economies More Efficient and More Equitable: Factors Determining Income Distribution, edited by Toshiyuki MizoguchiJapan's Foreign Exchange Policy 1971‐82, by R. Komiya and M. SudaGlobal Linkages: Macroeconomic Interdependence and Cooperation in the World Economy, by W. J. McKibbin and I. D. S

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1992.tb01762.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

摘要:

Book reviewed in this article:Engle, R. F. and Granger, C. W. (eds). Long‐run Economic Relationships: Readings in Cointegration.Stemp, P. J. (ed.) Saving and Policy. (Centre for Economic Policy Research, Australian National UniversityBlinder, A. S. Macroeconomics Under Debate.Patrick, H. with Meissner, L. (eds). Pacific Basin Industries in Distress. Structural Adjustment and Trade Policy in the Nine Industrialized Economie

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1992.tb01763.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1992.tb01764.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1992.tb01765.x

出版商:Blackwell Publishing Ltd    

年代:1992

数据来源: WILEY