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Does Health Capital Have Differential Effects On Economic Growth?, Arusha V. Cooray
Does Health Capital Have Differential Effects On Economic Growth?, Arusha V. Cooray
Faculty of Commerce - Papers (Archive)
Investigating the impact of health capital disaggregated by gender on economic growth in a sample of 210 countries over the 1990-2008 period, this study suggests that the influence of health capital across countries cannot be generalised. Results for the full sample indicate that health capital does not have a robust and significant effect on economic growth unless through their interactions with health expenditure and education. The results disaggregated by income group reveal that health capital has a positive robust influence on economic growth in high and upper middle income economies. In low and low middle income economies, health capital gains …
Innovation And Economic Education: An Integration, Eduardo Pol
Innovation And Economic Education: An Integration, Eduardo Pol
Faculty of Commerce - Papers (Archive)
Almost everyone agrees on the importance of educating a broad spectrum of the public about economics and business. It has been suggested by experts in economic education that universities should place greater emphasis on economics as a general education. The present paper develops a proposal to integrate innovation into elementary economic education that business faculties might use to enrich their general economic education offerings. We believe the proposal can be implemented through the design of a new subject - which may be called the 'Creative Economy' - supported by a method of teaching and learning by successive approximations. The study …
Money Buys Financial Security And Psychological Need Satisfaction: Testing Need Theory In Affluence, Ryan T. Howell, Mark Kurai, Wing Yin Leona Tam
Money Buys Financial Security And Psychological Need Satisfaction: Testing Need Theory In Affluence, Ryan T. Howell, Mark Kurai, Wing Yin Leona Tam
Faculty of Commerce - Papers (Archive)
The most prominent theory to explain the curvilinear relationship between income and subjective well-being (SWB) is need theory, which proposes that increased income and wealth can lead to increased well-being in poverty because money is used to satisfy basic physiological needs. The present study tests the tenets of need theory by proposing that money can buy happiness beyond poverty if the money satisfies higher-order needs. Findings indicate that in older adults (n = 1,284), as economic standing rises, so do individual perceptions of financial security (a safety need), which in turn increases overall life satisfaction. Further, a path model tested …
The Impact Of Migrant Remittances On Economic Growth: Evidence From South Asia, Arusha V. Cooray
The Impact Of Migrant Remittances On Economic Growth: Evidence From South Asia, Arusha V. Cooray
Faculty of Commerce - Papers (Archive)
Incorporating migrant remittances among other variables into a growth model, and employing panel data over the 1970-2008 period, this study investigates the impact of migrant remittances on economic growth in South Asia. Migrant remittances are found to have a significant positive effect on economic growth. A significant positive interactive effect of remittances on economic growth is detected through education and financial sector development.
Infrastructure And Economic Development, Cassey Lee
Infrastructure And Economic Development, Cassey Lee
Faculty of Commerce - Papers (Archive)
The importance of the infrastructure sector to the process of economic growth and development has long been recognized and understood by scholars and policymakers. Without adequate infrastructure, modern commerce characterized by production specialization and exchange across markets would grind to a halt. Economic globalization would not take place without the reduction in communication and transportation costs brought about by the progress achieved in the development of infrastructure within and across countries. Thus, any attempt at understanding Malaysia’s past experiences in economic development thus requires an analysis of the role that the infrastructure has played. The purpose of this chapter is …
Distinguished Fellow Of The Economic Society Of Australia, 2008: Alan Woodland, Edgar J. Wilson
Distinguished Fellow Of The Economic Society Of Australia, 2008: Alan Woodland, Edgar J. Wilson
Faculty of Commerce - Papers (Archive)
This citation acknowledges Professor Alan Woodland as an eminent Australian economist and surveys his exceptional international record of scholarship and research with a selection of his insightful contributions to the understanding of the complex issues of international trade, taxation and welfare. These issues are at the forefront of our nation's economic priorities and it is appropriate that we formally recognise his outstanding contributions to the discipline study of economics with the award of Distinguished Fellow of the Economic Society of Australia.
Government Expenditure, Governance And Economic Growth, Arusha V. Cooray
Government Expenditure, Governance And Economic Growth, Arusha V. Cooray
Faculty of Commerce - Papers (Archive)
This study investigates the role of the government in economic growth by extending the neoclassical production function to incorporate two dimensions of the government - the size and the quality dimensions. The government size- and quality-augmented model, where size is measured by government expenditure and quality by governance, is tested on a cross section of 71 economies. Estimation is also carried out on the sample by income distribution. The empirical results indicate that both the size and quality of the government are important for economic growth. It is argued that investing in the capacity for enhanced governance is a priority …
The Role Of Education In Economic Growth, Arusha V. Cooray
The Role Of Education In Economic Growth, Arusha V. Cooray
Faculty of Commerce - Papers (Archive)
This study examines the effect of the quantity and quality of education on economic growth. Using a number of proxy variables for the quantity and quality of education in a cross section of low and medium income countries, this study finds that education quantity when measured by enrolment ratios, unambiguously influences economic growth. The effect of government expenditure on economic growth is largely indirect through its impact on improved education quality.
The Financial Sector And Economic Growth, Arusha V. Cooray
The Financial Sector And Economic Growth, Arusha V. Cooray
Faculty of Commerce - Papers (Archive)
The Mankiw-Romer-Weil (1992) augmented Solow-Swan (Solow 1956; Swan 1956) model is extended to incorporate the financial sector in this study. Distinguishing between financial capital, physical capital and human capital, the research attempts to identify, in particular, the effects of financial capital on economic growth. The effects of financial sector efficiency on economic growth are also examined. The financial sector augmented model is tested on a cross-section of 35 economies. Strong support is found for the model.
Impact Of Fluctuations In Oil Prices On Libyan Economic Growth, Abdusalam Yahia, Mokhtar M. Metwally
Impact Of Fluctuations In Oil Prices On Libyan Economic Growth, Abdusalam Yahia, Mokhtar M. Metwally
Faculty of Commerce - Papers (Archive)
This paper examines the impact of fluctuations in Libyan oil exports on Libyan economic growth. The paper uses "export as an engine of growth model". Such a model is applied to total output as well as sectoral outputs. However, this study uses a Koyck distributed lag scheme. The paper also uses cointegration analysis to examine the long-term trade relationship between Libyan GDP and its oil exports. The results suggest that are spread effects from oil exports to the rest of the economy. However, when both the component and inflationary effects are excluded (but not the real gain from the rise …
The Conundrum Of Economic Miracle: Manufacturing Growth Without Tfp Growth, Chia-Hung Sun
The Conundrum Of Economic Miracle: Manufacturing Growth Without Tfp Growth, Chia-Hung Sun
Faculty of Commerce - Papers (Archive)
The findings of low or even negative total factor productivity (TFP) growth in Singapore's manufacturing industries by Young (1995) and many others has been a controversial issue in view of its crucial role in the future sustainability of Singaporean manufacturing. This paper applies the varying coefficients frontier model to re-examine productivity growth in Singapore's manufacturing at the 3-digit industry level over the period 1970–1997. The results indicate that Singapore's manufacturing has on average experienced a –0.8 percent TFP growth per annum although the extent of TFP growth improved slightly in the 1990s. The decomposition of TFP growth into technical efficiency …
The Impact Of Large Firms In Promoting Economic Growth, Exports, And Regional Integration: A Chandlerian Perspective, Elias Sanidas
The Impact Of Large Firms In Promoting Economic Growth, Exports, And Regional Integration: A Chandlerian Perspective, Elias Sanidas
Faculty of Commerce - Papers (Archive)
Chandler's work is well known. He has amply demonstrated that large firms played a huge role in the economic take-off and development of countries such as Germany and especially the USA. In this paper his thesis is extended to the whole world, by considering various countries, economically itegrated regions, their exports and economic achievement. The largest firms in the world are examined in this context. Chandler's thesis is thus confirmed wth this analysis and some quantitative evidence is provided in that respect. In addition, integration seems to take place even without the existence of formal agreements due to the presence …
The Australian Dollar's Long Term Fluctuations And Trend: The Commodity Prices Cum Economic Cycles Hypothesis, Elias Sanidas
The Australian Dollar's Long Term Fluctuations And Trend: The Commodity Prices Cum Economic Cycles Hypothesis, Elias Sanidas
Faculty of Commerce - Papers (Archive)
The Australian dollars exchange rate (mainly in relation to the American dollar) has received a considerable attention in research and several models have been proposed to explain its trend and fluctuations.
Sources Of Economic Growth In Iran: A Cointegration Analysis In The Presence Of Structural Breaks, Mosayeb Pahlavani
Sources Of Economic Growth In Iran: A Cointegration Analysis In The Presence Of Structural Breaks, Mosayeb Pahlavani
Faculty of Commerce - Papers (Archive)
This paper examines the major determinants of GDP growth in Iran using annual time series data spanning form 1960 to 2003.
On The Evolution Of Firm Organization, Smes And Economic Growth In The Usa And Japan, Elias Sanidas
On The Evolution Of Firm Organization, Smes And Economic Growth In The Usa And Japan, Elias Sanidas
Faculty of Commerce - Papers (Archive)
The evolution of the organization of firms throughout history has only recently been extensively analysed. This evolution, especially in countries like the USA and Japan, i is important to know and understand for many reasons, and in particular for its contribution to economic growth.
Changing Forms Of Organising In Regional Intergovernmental Cooperative Network: The Asia Pacific Economic Cooperation, Matthias P. Ngui, Michael Zanko
Changing Forms Of Organising In Regional Intergovernmental Cooperative Network: The Asia Pacific Economic Cooperation, Matthias P. Ngui, Michael Zanko
Faculty of Commerce - Papers (Archive)
The organizational theory literature suggests that organisations should adapt to highly competitive business environments by strategically replacing or transforming the traditional with more innovative forms of organising. These innovative and more flexible forms of organizing are often portrayed as dichotomous and antithetical. Recent research by Pettigrew, Fenton, Palmer, DiMaggio and others discovered that one of the emergent themes in contemporary firms is that they engage in apparently contradictory practice, where the ‘old’ and the ‘new’ changes are practiced simultaneously. The Asia Pacific Economic Cooperation (APEC), one of the major regional intergovernmental cooperative networks in the Asia Pacific region is investigated …
Recent Economic Trends In The Asia-Pacific Region, Van Hoa Tran
Recent Economic Trends In The Asia-Pacific Region, Van Hoa Tran
Faculty of Commerce - Papers (Archive)
No abstract provided.
Impact Of Economic Policy Reform And Regional And Global Shocks On Trade And Growth In East Asia: Econometric Evidence For China, Van Hoa Tran
Faculty of Commerce - Papers (Archive)
The paper introduces the generalised gravity theory (Tran Van Hoa 2004) to construct a simply flexible simultaneous-equation econometric model of growth and trade of China and its five major trading countries or blocs (Japan, ASEAN-6, the European Union, the US, and Austrralia).
The Contribution Of Micro-Enterprises To Regional Economic Recovery And Poverty Alleviation In East Asia, Charles Harvie
The Contribution Of Micro-Enterprises To Regional Economic Recovery And Poverty Alleviation In East Asia, Charles Harvie
Faculty of Commerce - Papers (Archive)
The economic and social crisis theat afflicted East Asia from mid-1997 produced the biggest setback to poverty reduction in the region for several decades.
Regional Economic And Monetary Integration - A Modelling And Policy Analysis, Charles Harvie
Regional Economic And Monetary Integration - A Modelling And Policy Analysis, Charles Harvie
Faculty of Commerce - Papers (Archive)
This chapter is concerned with developing a two-country model, a large country and a small country, with the objective of identifying the circumstances under which it would be conducive to conduct coordinated macroeconomic policy with the objective of minimizing volatility in terms of key macroeconomic varibles usch as domestic prices, the exchange rate, the domestic interest rate and domestic output.
Savings, Investment, Foreign Inflows And Economic Growth Of The Indian Economy 1950-2002, Reetu Verma, Edgar J. Wilson
Savings, Investment, Foreign Inflows And Economic Growth Of The Indian Economy 1950-2002, Reetu Verma, Edgar J. Wilson
Faculty of Commerce - Papers (Archive)
There is a large research literature on the roles of domestic savings and investment in promoting long run economic growth. This paper attempts to identiy the major interdependencies between savings, investment, foreign capital flows and real output for India since independence. An endogenous growth model of an open economy, with government, is adapted to specify the complicated theoretical interrelationships between sectors of a growing economy. The time series of real household, private corporate and public savings; private and public investment; foreign capital inflows and GDP are tested for stationary under structural change. Empirical estimation of the possible long run and …
Corporate And State Mining Legitimated: Transferring Future Economic Benefits Or Passing The Buck?, Mary A. Kaidonis, Natalie P. Stoianoff
Corporate And State Mining Legitimated: Transferring Future Economic Benefits Or Passing The Buck?, Mary A. Kaidonis, Natalie P. Stoianoff
Faculty of Commerce - Papers (Archive)
The responsibility for pollution resulting from mining, according to the OECD's Polluter Pays Principle (PPP) rests with the owners of the mining entity. This principle relies on a number of legislative instruments and often a mix of command and control mechanisms are advocated.
Causality Between Exports And Economic Growth: The Empirical Evidence From Shanghai, Jordan Shan, Gary Gang Tian
Causality Between Exports And Economic Growth: The Empirical Evidence From Shanghai, Jordan Shan, Gary Gang Tian
Faculty of Commerce - Papers (Archive)
The export-led growth hypothesis is tested using monthly time series data for Shanghai (one of the major exporting provinces in China) using the Granger no-causality procedure developed by Toda and Yamamoto (1995) in a vector autoregresion (VAR) model. This paper builds on the existing literature in three distinct ways. This is the first study of the export-led growth hypothesis which employs a regional dataset (Shanghai). Second, the paper follows Riezman et al. (1996) in controlling for the growth of imports to avoid a spurious causality result; and finally, the use of the methodology by Toda and Yamamoto is expected to …