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Working Paper Series

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02-04-2009 2009-03: The Accuracy of Predicted Wages of the Non-Employed and Implications for Policy Simulations from Structural Labour Supply Models
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06-03-2009 2009-02: Corporate Governance and Financial Performance in an Australian Context
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02-02-2009 2009-01: Estimating Trends in Australia’s Productivity
Productivity trends greatly influence the future size of an economy, its ability to meet the challenges of an ageing population, and the setting of both fiscal and monetary policies. This paper estimates trend growth in productivity (GDP per hour worked) in Australia since the late 1970s. …
21-01-2009 2008-02: An Exploration of Australian Petrol Demand: Unobservable Habits, Irreversibility, and Some Updated Estimates
This document estimates a demand equation for petrol in Australia. It explores a methodological improvement to the standard dynamic demand model – a more general model which allows for slowly evolving, unobservable habits. If this habit formation model with unobserved stocks is correct, then …
16-07-2008 2008-01: Structural Effects of a Sustained Rise in the Terms of Trade
While previous terms of trade booms have tended to be short lived, there are reasons to believe that the current boom could be more enduring. This paper considers the implications for the Australian economy in the event that recent rises in the terms of trade are sustained, with a focus on labour …
11-10-2007 2007-04: Australian Labour Supply Elasticities: Comparison and Critical Review
Labour supply elasticities measure the responsiveness of individuals’ labour supply to changes in variables such as the net wage rate (after consideration of tax and transfers) or net non labour income. Elasticities have been estimated in Australia and internationally using a range of modelling …
28-05-2007 2007-03: Governance of the IFIs: The Case for Merit-Based Selection of Agency Heads
The Managing Director of the International Monetary Fund and the President of the World Bank are appointed under a 60 year old unwritten convention that the Managing Director is nominated by the countries of Western Europe while the President is nominated by the United States. All ten Bank …
18-04-2007 2007-02: HECS for TAFE: The case for extending income contingent loans
Authors: Bruce Chapman, Mark Rodrigues and Chris Ryan The public vocational education and training (VET) system is now one of the few areas in Australia’s tertiary education system where students are required to pay up-front fees without access to loan assistance. These arrangements may lead to …
23-02-2007 2007-01: Asymmetric Investment Returns and the Sustainability of US External Imbalances
Author: Phil Garton A little-remarked aspect of the widening of United States trade and current account deficits since the late 1990s has been their limited effect on United States net foreign liabilities and, especially, net income. This has been possible because the United States has enjoyed …
06-09-2006 2006-04: Perspectives on Australia’s productivity prospects
Authors: Graeme Davis and Jyoti Rahman Productivity is the key driver of economic growth and prosperity over the long run. It is possible to think of Australia’s productivity growth as consisting of two elements: Australia’s productivity catching up to its steady state level relative to the …

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