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Faculty of Business - Papers (Archive)

Economic

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A Toilet Paper Run Is Like A Bank Run. The Economic Fixes Are About The Same, Alfredo R. Paloyo Jan 2020

A Toilet Paper Run Is Like A Bank Run. The Economic Fixes Are About The Same, Alfredo R. Paloyo

Faculty of Business - Papers (Archive)

Panic buying knows no borders. Shoppers in Australia, Japan, Hong Kong and the United States have caught toilet paper fever on the back of the COVID-19 coronavirus. Shop shelves are being emptied as quickly as they can be stocked. This panic buying is the result of the fear of missing out. It’s a phenomenon of consumer behaviour similar to what happens when there is a run on banks. A bank run occurs when depositors of a bank withdraw cash because they believe it might collapse. What we’re seeing now is a toilet-paper run.


A Simple Method For Measuring Relative Barriers To Economic Development, Eduardo Pol Jan 2017

A Simple Method For Measuring Relative Barriers To Economic Development, Eduardo Pol

Faculty of Business - Papers (Archive)

The message conveyed by the pioneer work of Jacob Viner in the middle of the 20th century is that any action plan to propel economic development in a particular country requires sharp focus on the identification of the barriers to economic development observable in that country. Unfortunately, Viner did not provide insight into how to measure the barriers to economic development. This paper argues that it is possible to assess the relative heights of the barriers to economic development between two countries using the indicators underpinning the Global Competitiveness Index (GCI).To evaluate this claim, it helps to have a specific …


People's Republic Of China (Prc): Thailand Economic Relationship After Signing Of Free Trade Agreement In 2005, Ying Liu, Kankesu Jayanthakumaran Jan 2016

People's Republic Of China (Prc): Thailand Economic Relationship After Signing Of Free Trade Agreement In 2005, Ying Liu, Kankesu Jayanthakumaran

Faculty of Business - Papers (Archive)

People's Republic of China (PRC) is the third biggest nation globally situated in East Asia with the land area of 9.6 million km2 , population of 1.36 billion people and population density of 139 km - 2 . PRC's capital is Beijing and comprises of 22 provinces, five autonomous regions, four municipalities and two special administrative regions. Special administrative regions are Hong Kong and Macao. Thailand is the world's 51st largest country situated in Southeast Asia with the land area of 513,000 km2 and population of 67.1 million people. The population density of Thailand is around 131 km - 2 …


Economic Growth And Environment: Tourism As A Trigger For Green Growth, Simone Marsiglio Jan 2015

Economic Growth And Environment: Tourism As A Trigger For Green Growth, Simone Marsiglio

Faculty of Business - Papers (Archive)

The author analyses the implications of tourism activities on economic growth and environmental assets, focusing especially on small island countries. She develops a stylized dynamic economic model in which tourism is the trigger of the incentive mechanism leading to abatement activities and economic growth. The basic idea is that tourists choose the location to visit according to a number of factors (including environmental quality) which are affected by residents' choices. If residents engage in environmental protection activities, it then may be possible for environmentally-based tourism economies to reach a smooth development process. The author shows that the (sustainable) balanced growth …


Oil Production Rehabilitation, Fiscal Policy And Economic Development In Libya: A Future View, Issa Saleh Ali, Charles Harvie Jan 2015

Oil Production Rehabilitation, Fiscal Policy And Economic Development In Libya: A Future View, Issa Saleh Ali, Charles Harvie

Faculty of Business - Papers (Archive)

This paper develops and simulates a dynamic general equilibrium macroeconomic model to analyze the likely impact of oil production and revenue rehabilitation on the Libyan economy, under different government fiscal policy responses. The model is ideally appropriate to analyze macroeconomic issues in oil-producing developing countries. In particular, it is capable of incorporating alternative government policy responses toward the allocation of the oil revenue either upon consumption spending or development spending in the form of government investment spending upon infrastructure, human capital formation and technology acquisition in non-oil production. It is also capable of incorporating different degrees of international capital mobility …


Assessing The Regional Economic Impacts Of Defense Activities: A Survey Of Methods, Josselin Droff, Alfredo R. Paloyo Jan 2015

Assessing The Regional Economic Impacts Of Defense Activities: A Survey Of Methods, Josselin Droff, Alfredo R. Paloyo

Faculty of Business - Papers (Archive)

Defense activities exercised in a specific region may alter the region's economic performance. An accurate assessment of the potential economic impacts of defense activities is a valuable undertaking to enable regional planners to prepare for changes. The variety in the methods (among others, input-output models, economic base models, Keynesian regional multipliers, fixed-effects estimators, and case-study approaches) inspired by geography, sociology, and political science can pose a dilemma. We detail the historical and theoretical background of each method, as well as select exemplary cases where these methods were applied. By examining old and "new" methods, we aim to construct a typology …


Implications Of Ownership Identity And Insider's Supremacy On The Economic Performance Of The Listed Companies, Qaiser Rafique Yasser, Abdullah Al Mamun Jan 2014

Implications Of Ownership Identity And Insider's Supremacy On The Economic Performance Of The Listed Companies, Qaiser Rafique Yasser, Abdullah Al Mamun

Faculty of Business - Papers (Archive)

We adopt a multi-theoretic approach to investigate a previously unexplored phenomenon in extant literature, namely the differential impact of ownership identity and director dominate shareholding on the performance of emerging market firms. The main research question addressed is, whether the impact of this relationship is conditional on the identity of the block investor. First, the relationship between overall block ownership and firm performance is tested by employing multiple regressions on 500 firm-year observations for the period from 2007 to 2011. Then, the block ownership is classified as the state, individuals, insiders, financial institutions, corporate and foreign investors and the influence …


Internationalization Of Malaysian Firms And The Effects Of Major External Economic Crises, Ah Ba Sim Jan 2014

Internationalization Of Malaysian Firms And The Effects Of Major External Economic Crises, Ah Ba Sim

Faculty of Business - Papers (Archive)

This paper examines and analyzes the internationalization of international firms from Malaysia over two time periods of major external economic crises, the Asian financial crisis and the global economic crisis based on a study of four case firms. The findings indicate variations and changes in strategies during early and continued internationalization over the 11 year time studied. These findings and their research implications are examined and discussed.


Leading Locally, Competing Globally: Measuring The University Of Wollongong's Contribution To Economic And Social Prosperity, Brad Braithwaite, Guy West, Charles Harvie, Nick Hartgerink Jan 2013

Leading Locally, Competing Globally: Measuring The University Of Wollongong's Contribution To Economic And Social Prosperity, Brad Braithwaite, Guy West, Charles Harvie, Nick Hartgerink

Faculty of Business - Papers (Archive)

In its 2013-2018 Strategic Plan the University of Wollongong (UOW) states its intention of playing a leading role in attracting "vitality and economic growth to Australia and our region". This report provides the first comprehensive assessment of UOW's performance against this goal. It details the findings of a six-month study undertaken by a research team from the Centre for Small Business and Regional Research (CSBRR), which sought to reliably and objectively describe the overall influence of the University of Wollongong (UOW) on economic and social prosperity in Australia, and in particular, its home region. After a brief background on the …


Development Of Integrated Intersectoral-Time Series Strategies To Investigate The Economic Significance Of Knowledge Sectors In The Illawarra, New South Wales, Ashkan Masouman, Charles Harvie Jan 2013

Development Of Integrated Intersectoral-Time Series Strategies To Investigate The Economic Significance Of Knowledge Sectors In The Illawarra, New South Wales, Ashkan Masouman, Charles Harvie

Faculty of Business - Papers (Archive)

Integrating input-output (IO) analysis and econometric model has become increasingly popular for it combines the advantages of both models (Isard & Anselin, 1982; Moghadam & Ballard, 1988; Beaumont, 1990; Coomes et al., 1991; West, 1991; Treyz, 1993; Israilevich et al., 1996; Rey, 1998; Motii, 2005). There are a number of strategies through which an IO analysis is merged with an econometric model. This paper examines two strategies to build an integrated input-output econometric (IO-EC) model, namely coupling and holistic embedding, from both theoretical and practical perspectives. Each strategy is analysed based on their simulation and forecasting performance. Both strategies are …


Book Review: Ian W. Mclean. Why Australia Prospered: The Shifting Sources Of Economic Growth, Simon Ville Jan 2013

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 …


The Dynamics Of Resource-Based Economic Development: Evidence From Australia And Norway, Simon Ville, Olav Wicken Jan 2013

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.


Economic Statement: Experts Respond, Richard Denniss, Arusha Cooray, John Quiggin, John Wanna, Phil Lewis, Zareh Ghazarian Jan 2013

Economic Statement: Experts Respond, Richard Denniss, Arusha Cooray, John Quiggin, John Wanna, Phil Lewis, Zareh Ghazarian

Faculty of Business - Papers (Archive)

A slowing economy and drop in government revenue has led to an increased budget deficit, new taxes and some cuts to existing programs.


Economic Growth: Technical Progress, Population Dynamics And Sustainability, Simone Marsiglio Jan 2012

Economic Growth: Technical Progress, Population Dynamics And Sustainability, Simone Marsiglio

Faculty of Business - Papers (Archive)

Economic growth is probably the most important goal of every policy intervention because of its wide consequences on the welfare of current and future generations. Because of the current crisis faced by several industrialized countries, this is probably much clearer today than in the past. In order to determine whether and which kind of public intervention can be taken to restore the growth process, the first step is understanding the relationship between different factors and economic growth. The goal of this brief paper is to shed some light on the mutual implications of growth and some of these factors: demography, …


The Relationship Between Accounting Profit And Economic Income, John Ryan Jan 2007

The Relationship Between Accounting Profit And Economic Income, John Ryan

Faculty of Business - Papers (Archive)

The reliance on economic concepts, most notably economic income, for the measurement of profit in financial accounting is misplaced. This paper explores the concept of economic income, contrasting it with the concept of profit in the conventional accounting model. The concept of individual economic income cannot be used for measurement of profit for a past period as the concept is based on the capitalisation of expectations and excludes "separate but correlated" concepts of profit and capital needed for capital maintenance.


Australia's External Debt: Is It A Symptom Or A Cause Of Economic Slowdown?, Khorshed Chowdhury Jan 2000

Australia's External Debt: Is It A Symptom Or A Cause Of Economic Slowdown?, Khorshed Chowdhury

Faculty of Business - Papers (Archive)

Amidst the debate surrounding the 'debt problem' in Australia, the key analytical issue of whether external debt is a symptom or a cause of economic slowdown has been ignored. Sachs (1990) and Kenen (1990) argued that the external 'debt overhang' is a primary cause of economic slowdown and acts as an obstacle to economic growth. The second view is by Bulow and Rogoff (1990) who argue that the external debts are a symptom of poor economic management and performance rather than a primary cause of stifled economic growth. The statistical tests of causal relationships between the GDP growth rate and …