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The Triple Helix And Institutional Change: Reward, Risk And Response In Australian Cooperative Research Centres, Samuel E. Garrett-Jones, T. Turpin
The Triple Helix And Institutional Change: Reward, Risk And Response In Australian Cooperative Research Centres, Samuel E. Garrett-Jones, T. Turpin
Faculty of Commerce - Papers (Archive)
The paper examines 370 participants’ experience with one well-established organizational embodiment of the ‘triple helix’ - the Australian Cooperative Research Centres program - considers its effect on researchers and organizations in the public research system and draws management and policy implications.
Tariffs, Subsidies And Profits: A Re-Assessment Of Structural Change In Australia 1901-1939, David Merrett, Simon Ville
Tariffs, Subsidies And Profits: A Re-Assessment Of Structural Change In Australia 1901-1939, David Merrett, Simon Ville
Faculty of Commerce - Papers (Archive)
This paper offers a re-interpretation of the drivers of structural change in Australia from federation until the outbreak of World War II. The broad story of structural change is that manufacturing increased its relative share of both output and employment while the share of the farm sector and mining contracted. The large tertiary sector, including construction, oscillated around its mean. The conventional wisdom is that these shifts were largely the result of government policy, particularly the increase in trade barriers that stimulated import substitution by manufacturers. However, if the unit of analysis is the firm rather than the economy then …
Structural Changes In Australia's Monetary Aggregates And Interest Rates, Abbas Valadkhani, Mosayeb Pahlavani
Structural Changes In Australia's Monetary Aggregates And Interest Rates, Abbas Valadkhani, Mosayeb Pahlavani
Faculty of Commerce - Papers (Archive)
This paper employs all quarterly time series currently available to determine endogenously the time of structural breaks for three monetary aggregates—the long- and short-term interest rates as well as the consumer price index—in Australia using the ZA (Zivot and Andrews, 1992) test and the LP (Lumsdaine and Papell, 1997) test. After accounting for the single most significant structural break, the results from the ZA test (model C) provide no evidence against the unit root null hypothesis for all series examined. However, when two structural breaks are incorporated in the testing procedure within the framework proposed by LP (i.e., model CC) …
An Assessment Of The Research Performance Of Commerce Faculties In Australia, Abbas Valadkhani, Simon Ville
An Assessment Of The Research Performance Of Commerce Faculties In Australia, Abbas Valadkhani, Simon Ville
Faculty of Commerce - Papers (Archive)
There is a growing policy focus in Australian higher education on quantitative research performance assessment. However, most of the analysis has addressed aggregate performance at the institutional level, an approach inconsistent with recent policy emphasis on diversity among universities, and one that ignores performance variations across disciplines. We use cluster analysis to classify one of the ten broad fields of education, that is, management and commerce. Using averaged and available data for 2000-2004 on various research measures, partial rankings are provided. Factor analysis is utilised to generate full-multidimensional rankings within the resulting clusters. Our results show that low total research …
Schizophrenia – The Costs, Ciorstan J. Smark
Schizophrenia – The Costs, Ciorstan J. Smark
Faculty of Commerce - Papers (Archive)
By looking at a particular subset of mental illness in Australia, (schizophrenia), this article reflects on the way in which direct costs falling within the parametres of the health budget are privileged (inscribed) above indirect costs which fall outside this boundary (and thus fail to be appropriately inscribed). This article concludes that, from a social accounting point of view, this boundary is arbitrary and an example of poor accounting.
A Cross-Country Analysis Of Export Prices In Oecd Countries, Abbas Valadkhani, A. P. Layton
A Cross-Country Analysis Of Export Prices In Oecd Countries, Abbas Valadkhani, A. P. Layton
Faculty of Commerce - Papers (Archive)
As is the case with most small open economies, changes in Australia’s export prices are an important source of national macroeconomic disturbance largely out of its control given its choice of export bundle. This paper distinguishes the extent to which export price variation consists of global versus country-specific changes for the set of 14 OECD countries investigated. We find that sharp changes in global export prices are evidently becoming more important for many of the countries in the OECD sample over the last 25 years as compared with the previous 25 year period. The paper also finds that, by a …
Taxation And The Australian Superannuation System: An International Comparison, Corinne Cortese, John Glynn
Taxation And The Australian Superannuation System: An International Comparison, Corinne Cortese, John Glynn
Faculty of Commerce - Papers (Archive)
This study demonstrates the taxation burden applied to Australian superannuation. The superannuation schemes and supporting taxation systems of five OECD countries are reviewed. A hypothetical scenario is applied to demonstrate the imbalance of the Australian system relative to comparable nations. Given concerns about the aging population, this research supports calls for further reforms to the taxation of superannuation in Australia, highlighting the need to make superannuation taxation policies more consistent with government efforts to encourage superannuation savings and self-funded retirement.
Protecting Consumer Privacy In The Company’S Best Interest, Sara Dolnicar, Yolanda Jordaan
Protecting Consumer Privacy In The Company’S Best Interest, Sara Dolnicar, Yolanda Jordaan
Faculty of Commerce - Papers (Archive)
The increasing use of consumer databases by companies has led to increased levels of concern among consumers that their personal information may not be in safe hands once divulged to companies. A few studies have shown that consumer concern about information privacy may impact on consumer behaviour in ways directly opposed to the aims of the very marketing campaigns developed to increase sales. Should this indeed be the case, it would be in companies’ best interest to make protection of consumer privacy a priority. The aim of this paper is to investigate whether there is potential for such a market-driven …
The Equity Premium In Australia And The United States: 1889-1978, Simon Ville
The Equity Premium In Australia And The United States: 1889-1978, Simon Ville
Faculty of Commerce - Papers (Archive)
The equity risk premium puzzle has received regular attention by economists since it was first invoked by Mehra and Prescott twenty years ago. In a recent paper, they revisit the question and reject many of the explanations offered but we are left with no clear alternative account. The current paper seeks to do two things. We provide matching historical evidence of the equity premium for Australia and compare the results for the two nations. Resulting from this, we argue that a closer understanding of phases of economic history helps to explain the puzzle.
The Project Of Intellectual Capital Disclosure: Researching The Research, Indra Abeysekera
The Project Of Intellectual Capital Disclosure: Researching The Research, Indra Abeysekera
Faculty of Commerce - Papers (Archive)
This paper examines a number of key issues relating to intellectual capital (IC) disclosure by addressing some of the strengths, weaknesses and gaps of the extant research. The paper begins by examining the definitions of intellectual capital and intellectual capital disclosure currently in use. Methodological issues are examined in relation to the use of source documents, coding frameworks, and research methods. Both positivist and critical theoretical perspectives used to provide a theoretical underpinning of IC disclosure analysis are reviewed. The paper concludes by arguing for the importance of addressing these issues in order to improve the credibility of IC disclosure, …
Logic Of An Australia-South Africa Fta, Ann T. Hodgkinson, Andre C. Jordaan
Logic Of An Australia-South Africa Fta, Ann T. Hodgkinson, Andre C. Jordaan
Faculty of Commerce - Papers (Archive)
Australia, previously a strong supporter of multilateral trade liberalisation, recently began negotiating a series of free trade agreements with countries in the Asia-Pacific region.
A Conceptual Model Of The Factors Affecting The Choice Of Nonprofit Organisation By Large Corporations In Australia, John Cantrell, Elias Kyriazis, Gary I. Noble, Jennifer Algie
A Conceptual Model Of The Factors Affecting The Choice Of Nonprofit Organisation By Large Corporations In Australia, John Cantrell, Elias Kyriazis, Gary I. Noble, Jennifer Algie
Faculty of Commerce - Papers (Archive)
This paper develops a new conceptualisation of corporate giving which advances our knowledge in the field of nonprofit marketing through the development of a model which assists in identifying the drivers of corporate giving in Australia. Existing conceptualisations are limited in that the commercial realities of corporate life and the pressures that many organizations face in achieving concrete outcomes from their giving behaviour have not been properly reflected in research results. In an environment of increased competition amongst nonprofits for donations in terms of money, resources, and volunteers the better understanding of how and why corporations give will enable nonprofit …
An Assessment Of The Trade Relationship Between Australia And South Africa, Mokhtar Metwally, Ann Hodgkinson, Andre Jordaan
An Assessment Of The Trade Relationship Between Australia And South Africa, Mokhtar Metwally, Ann Hodgkinson, Andre Jordaan
Faculty of Commerce - Papers (Archive)
This paper examines the trade relationship between Australia and South Africa to assess if it is justifiable to establish a FTA between these two countries. The paper uses the cointegration analysis to examine the long-term trade relationship between these two countries. The results suggest that Australian-South African trade has unique features which indicate that its growth is not just a reflection of overall world trade. The paper also uses a simultaneous equations model to test if there are significant feedback effects in Australian trade with South Africa. The results suggest that intensification of the trade relationship would be beneficial to …
Issues Relating To Designing A Work-Integrated Learning (Wil) Program In An Undergraduate Accounting Degree Program And Its Implications For The Curriculum, Indra Abeysekera
Issues Relating To Designing A Work-Integrated Learning (Wil) Program In An Undergraduate Accounting Degree Program And Its Implications For The Curriculum, Indra Abeysekera
Faculty of Commerce - Papers (Archive)
Work-integrated learning (WIL) programs are becoming popular with students, government, employers, and universities. A major benefit of a WIL program is the increased employability of students, and this matches well with the present trend whereby students expect a pay-off from their investment in education. Although WIL programs are more common in some profession-based undergraduate courses than others, they have not been frequently discussed in relation to accounting in the Australian context. This paper discusses issues related to designing a WIL program for an undergraduate accounting program in an Australian context. The importance of WIL programs in general is followed by …
A Time Series For Business Profitability In Twentieth-Century Australia, David Merrett, Simon Ville
A Time Series For Business Profitability In Twentieth-Century Australia, David Merrett, Simon Ville
Faculty of Commerce - Papers (Archive)
Australia has historical time series for a wide range of economic data covering most of the twentieth century. These include statistical information relating to national income, demography, prices, external trade, financial markets, and the government sector. However, we lack a long time series for business profits. We have calculations for some industries, especially banking, and national figures from 1985 using the IBIS database.
Sources Of Volatility In Australia's Export Prices: Evidence From Arch And Garch Modelling, Abbas Valadkhani, A. P. Layton, N. D. Karunaratne
Sources Of Volatility In Australia's Export Prices: Evidence From Arch And Garch Modelling, Abbas Valadkhani, A. P. Layton, N. D. Karunaratne
Faculty of Commerce - Papers (Archive)
Australia has one of the more volatile set of export prices among OECD countries. This paper examines the extent to which Australia’s export prices relate to the world prices using quarterly time-series data spanning the period 1969q4-2002q3. The empirical results based on dynamic least squares method show that Australia’s export prices are cointegrated with the global export prices. A short-term dynamic ARCH-in Mean model, which captures the time varying nature of price volatility, has been used to explain the growth rate of Australia’s export prices. It is found that (a) changes in Australia’s export prices are highly associated with systematic …
An Analysis Of The Output And Employment Conversion Matrices Of Australia’S Economy, Abbas Valadkhani, T. Robinson
An Analysis Of The Output And Employment Conversion Matrices Of Australia’S Economy, Abbas Valadkhani, T. Robinson
Faculty of Commerce - Papers (Archive)
Based on two snapshots taken from the Australian economy, this study quantifies the impacts of final demand aggregates on output and employment in various sectors using the 1989 and 1997 conversion matrices. The sectoral output and employment are linked with final demand deliveries in such a way that one can measure the impacts on changes in each component of aggregate demand, other components remaining unchanged, on output and employment. A comparison of the aggregate output and employment multipliers in 1989 to 1997 indicates that while the output multipliers have increased, the employment multipliers have declined. This means that through time, …
Multiple Structural Breaks In Australia's Macroeconomic Data: An Application Of The Lumbsdaine And Papell Test, Abbas Valadkhani, Allan Layton, Mosayeb Pahlavani
Multiple Structural Breaks In Australia's Macroeconomic Data: An Application Of The Lumbsdaine And Papell Test, Abbas Valadkhani, Allan Layton, Mosayeb Pahlavani
Faculty of Commerce - Papers (Archive)
This paper employs all available annual time series data to endogenously determine the timing of structural breaks for 10 macroeconomic variables in the Australian economy.
The Relocation Of The International Market For Australian Wool, Simon Ville
The Relocation Of The International Market For Australian Wool, Simon Ville
Faculty of Commerce - Papers (Archive)
The marketplace for Australian wool relocated from London to the Australian capital cities in the half century after 1880. This represented a major institutional shift that underpinned the development of the Australian economy and made Australia the centre of the international wool market. We analyse the principal demand and supply changes underlying this market shift. Consolidation of worsted manufacturing, demand diversification, improved transport and communications, Australian dominance of international wool production, and the growth of the small grazier shifted the relative market efficiency in favour of Australian auctions.
Asean+3 And Rtas And Their Impact On Asia-Australia Trade And Growth: Econometric Evidence From An Extended Gravity Theory, Van Hoa Tran
Asean+3 And Rtas And Their Impact On Asia-Australia Trade And Growth: Econometric Evidence From An Extended Gravity Theory, Van Hoa Tran
Faculty of Commerce - Papers (Archive)
No abstract provided.
Business Profitability And Structural Change In Interwar Australia, Simon Ville, David Merrett
Business Profitability And Structural Change In Interwar Australia, Simon Ville, David Merrett
Faculty of Commerce - Papers (Archive)
The Australian economy of the interwar period experienced noteworthy cyclical and secular trends. Severe cyclical fluctuations were associated with the international depression, often referred to as the ‘Great Slump’, which particularly afflicted Australia’s large traded sector, especially its cornerstone primary exporting industries. In the midst of this apparent dearth, however, came the ‘plenty’ of the initial stages of modernisation, which resulted from the broadening of the country’s economic base into new manufacturing industries. The general trends of economic activity are captured by national income data, while the expansion of particular industries has been contextualised by several authors, most notably Forster …
Structural Changes In Australia's Monetary Aggregates And Interest Rates, Abbas Valadkhani, Mosayeb Pahlavani
Structural Changes In Australia's Monetary Aggregates And Interest Rates, Abbas Valadkhani, Mosayeb Pahlavani
Faculty of Commerce - Papers (Archive)
This paper employs all quartley time series currently available to determine endogenously the time of structural breaks for three monetary aggregates, the long and short-tem interest rates as well as the consumer price index in Australia using the ZA (Zivot and Andrews, 1992) test and the LP (Lumsdaine and Papell, 1997) test.
On The Motivations Of Corporate Giving In Australia, John Cantrell
On The Motivations Of Corporate Giving In Australia, John Cantrell
Faculty of Commerce - Papers (Archive)
This paper proposes further research be conducted to advance our knowledge in the field of non-profit marketing through the development of frameworks to help identify the drivers of corporate giving in Australia. Existing conceptualisations are predominately based on limited overseas research, and take little account of the commercial realities of corporate life and the increasing pressures facing many organisations in achieving concrete outcomes from their giving behaviour. In an environment of increased competition for scarce resources amongst non-profits, the better understanding of how and why corporations provide support will be beneficial. It will enable non-profit organisations to better communicate with …
Financial Literacy In Australia, Andrew C. Worthington
Financial Literacy In Australia, Andrew C. Worthington
Faculty of Commerce - Papers (Archive)
Ordered logit models are used to predict financial literacy on the basis of individual demographic, socioeconomic and financial characteristics. The data is drawn from the 2003 ANZ Survey of Adult Financial Literacy in Australia and relates to 3,548 respondents. Financial literacy is defined, amongst other things, in terms of standard mathematical ability and understanding of basic and advanced financial terms. Factors examined include gender, age, ethnicity, occupation, educational level and family structure, along with household income, savings (including superannuation), and mortgage and non-mortgage debt. The evidence suggests that financial literacy is highest for respondents aged between 50 and 60 years, …
Older Male Workers And Job Mobility In Australia, Martin O'Brien
Older Male Workers And Job Mobility In Australia, Martin O'Brien
Faculty of Commerce - Papers (Archive)
No abstract provided.
Accounting: In Crisis Or Ascendancy?, Indra Abeysekera
Accounting: In Crisis Or Ascendancy?, Indra Abeysekera
Faculty of Commerce - Papers (Archive)
Recent corporate failure has challenged the credibility of the accounting profession, leading many stakeholders to question the usefulness of financial reports for decision-making. This paper examines fluctuations in the accounting profession’s authoritative influence over accounting standard setting and financial reporting. It focuses on the period following the collapse of the HIH Group in 2002, with contextual reference to earlier periods. It then outlines the submissions made by the accounting profession, actuaries and regulatory institutions to the Royal Commission Inquiry into the collapse of the HIH Group. These submissions are analysed in relation to the profession promoting functionally defined interests and …
Does The Term Structure Predict Australia’S Future Output Growth?, Abbas Valadkhani
Does The Term Structure Predict Australia’S Future Output Growth?, Abbas Valadkhani
Faculty of Commerce - Papers (Archive)
This paper examines whether the term structure of interest rates provides predictive power for real output growth using quarterly time series data from 1980:1 to 2002:2. The empirical results are consistent with previous studies undertaken for France, Germany and the UK as well as earlier Australian works. It is found that a 10 per cent increase in the interest rate spread between the 10-year Treasury bond and the 90-day bank bill results in approximately 4 per cent rise in GDP growth over the succeeding seven-nine quarters. This result is robust to the inclusion of two other relevant predictors in the …
Quantifying The Effect Of Gst On Inflation In Australia’S Capital Cities: An Intervention Analysis, Abbas Valadkhani, A. P. Layton
Quantifying The Effect Of Gst On Inflation In Australia’S Capital Cities: An Intervention Analysis, Abbas Valadkhani, A. P. Layton
Faculty of Commerce - Papers (Archive)
This paper examines the magnitude and duration of the GST effect on inflation in Australia’s eight capital cities using the Box and Tiao intervention analysis and quarterly data spanning from 1948:4 to 2003:1. We found that GST had a significant but transitory impact on inflation only in the September quarter of 2000 when this new tax system was implemented. In this quarter inflation showed an additional increase of 2.6 per cent in Sydney (minimum effect) and 2.8 per cent in Australia as a whole, the same figure for Hobart was 3.3 per cent (maximum effect). Based on the Wald test …
Accelerating New Product Development: The Experience Of Concurrent Engineering In Australia, Paul Couchman
Accelerating New Product Development: The Experience Of Concurrent Engineering In Australia, Paul Couchman
Faculty of Commerce - Papers (Archive)
Concurrent engineering (CE) is a distinctive approach to the organisation and management of new product development (NPD) which seeks to achieve cross-functional integration, product life cycle design integration and high levels of project task concurrence in order to reduce development lead times. To address the limited research to date on CE in the Asia-Pacific region, the paper presents findings from a survey of Australian manufacturers (n = 150) and from five in-depth case studies on the application of CE in Australia. The survey found that just over one-half (54%) of the companies surveyed used CE to some extent and that, …
Prospects For An Fta Between Australia And Korea, Charles Harvie
Prospects For An Fta Between Australia And Korea, Charles Harvie
Faculty of Commerce - Papers (Archive)
Since the I 960s, trade opportunities based on complementary economies have driven the Australia-Korea economic relationship. Australia exported raw materials, principally minerals and energy, which Korea processed and subsequently sold on domestic and international markets. In return Australia purchased increasing volumes of Korean manufactures, initially textiles, clothing and footwear and later automobiles. With the onset ofthe financial and economic crisis in Korea during 1997-98 trade and investment opportunities were severely constrained. However, in the wake of the crisis, and the rapid recovery of the Korean economy underpinned by corporate and financial sector reforms, trade and investment opportunities in traditional areas …