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Full-Text Articles in Business
A Study Of Analyst Forecast Reliability In Australia, Alina Maydybura, Dionigi Gerace, Brian Andrew
A Study Of Analyst Forecast Reliability In Australia, Alina Maydybura, Dionigi Gerace, Brian Andrew
Faculty of Business - Papers (Archive)
The purpose of this paper is to determine whether time weighted consensus estimates offer a more effective method for predicting company actual EPS figures than simple mean or median analysis. The study aims to construct a more comprehensive earnings forecast signal using analyst earnings forecasts that have been weighted based on the timeliness of updates. Aimed at extracting valuable information from timely analyst forecasts, the time weighted earnings signal (TWES) methodology allows extracting valuable information from analysts who possess some unique insights about the market and issue their updates more frequently. One would expect the time signal to reflect a …
The Australian Capital Territory Has Adopted Measures To Abolish Stamp Duty And Impose A Land Tax On All Real Property: Will This Approach Be Adopted By Other States In Australia?, John A. Mclaren
Faculty of Business - Papers (Archive)
From 1 July 2012 the Australian Capital Territory (ACT) imposed land tax, in the form of general rates, on all commercial and residential property in the ACT, including owner occupied homes, on a progressive basis. Marginal rates of tax are applied on increased values of the land. The ACT is unique in that there is no local government so the ACT government was able to increase its general rates on owner‐occupied homes and reduce land tax on investment properties and commercial properties. As a result of the subsequent increase in government revenue, the ACT has substantially reduced stamp duty on …
The Dynamics Of Resource-Based Economic Development: Evidence From Australia And Norway, Simon Ville, Olav Wicken
The Dynamics Of Resource-Based Economic Development: Evidence From Australia And Norway, Simon Ville, Olav Wicken
Faculty of Business - Papers (Archive)
Australia and Norway have achieved modern levels of development as resourcebased economies, thus avoiding the so-called resource curse. Their ability to achieve this rested heavily on repeated diversification into new resource products and industries. These processes relied largely on innovation, confirming the close ties that have existed between resource-based industries and knowledgeproducing and disseminating sectors of society. We develop a resource-based diversification model that analyses the interaction between "enabling sectors" and resource industries and apply it to the historical experience of the two countries.
Book Review: Ian W. Mclean. Why Australia Prospered: The Shifting Sources Of Economic Growth, Simon Ville
Book Review: Ian W. Mclean. Why Australia Prospered: The Shifting Sources Of Economic Growth, Simon Ville
Faculty of Business - Papers (Archive)
In a series of articles written over many years, Ian W. McLean has addressed the dual questions of how Australia attained high levels of prosperity less than a century after European settlement and why it has since remained amongst the wealthiest of nations. Although this book is not a comprehensive study of Australian economic history, it builds on this earlier body of work and brings together his answers to these questions. It is engagingly written, helped by the minimal use of technical material and the creation of counterfactual scenarios in several places. Most important of all is McLean's impressive use …