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Exogenous Oil Shocks And The Fiscal Policy Response In Oil-Exporting Countries: Evidence From Libya, Issa Saleh Ali, Charles Harvie
Exogenous Oil Shocks And The Fiscal Policy Response In Oil-Exporting Countries: Evidence From Libya, Issa Saleh Ali, Charles Harvie
Faculty of Business - Papers (Archive)
The downtrend in oil prices beginning in 2014 represents a challenge for smallopen developing and exporting economies like Libya. This stems from the importance of government revenue generated from the natural resource sector in financing government consumption and investment expenditures as well as capital imports. The dependency on the natural resource sector and a relatively weak non-natural-resource tax base renders fiscal positions highly challenging in oil exporting countries. As more than 90 percent of Libya's government revenue is generated from the oil sector, the budget components are the most influenced by oil-related shocks. Transitory oil price increases, especially after 2000, …
Progressive Australian Views Will Win Out Over Parochial Foreign Policy White Paper, George Mickhail
Progressive Australian Views Will Win Out Over Parochial Foreign Policy White Paper, George Mickhail
Faculty of Business - Papers (Archive)
No doubt, Australia's parochial anxieties about China in its recent Foreign Policy White Paper stem from a Eurocentric establishment with entrenched "Cold-War" era views about international relations and fantasies about preserving a bygone legacy of Anglo-American hegemony.
Oil Production Rehabilitation, Fiscal Policy And Economic Development In Libya: A Future View, Issa Saleh Ali, Charles Harvie
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 …
National Electronic Health Records And The Digital Disruption Of Moral Orders, Karin Garrety, Ian Mcloughlin, Rob Wilson, Gregor Zelle, Mike Martin
National Electronic Health Records And The Digital Disruption Of Moral Orders, Karin Garrety, Ian Mcloughlin, Rob Wilson, Gregor Zelle, Mike Martin
Faculty of Business - Papers (Archive)
The digitalisation of patient health data to provide national electronic health record systems (NEHRS) is a major objective of many governments. Proponents claim that NEHRS will streamline care, reduce mistakes and cut costs. However, building these systems has proved highly problematic. Using recent developments in Australia as an example, we argue that a hitherto unexamined source of difficulty concerns the way NEHRS disrupt the moral orders governing the production, ownership, use of and responsibility for health records. Policies that pursue digitalisation as a self-evident 'solution' to problems in healthcare without due regard to these disruptions risk alienating key stakeholders. We …
What Happens When Digital Information Systems Are Brought Into Health And Social Care? Comparing Approaches To Social Policy In England And Australia, Susan Baines, Penelope Hill, Karin Garrety
What Happens When Digital Information Systems Are Brought Into Health And Social Care? Comparing Approaches To Social Policy In England And Australia, Susan Baines, Penelope Hill, Karin Garrety
Faculty of Business - Papers (Archive)
This review article offers a brief comparative overview of approaches to the application of public sector information systems in England and Australia, with particular reference to health and social care. Since the 1990s, reforms to the public sector in both countries have looked to information and communication technologies (ICTs) from the private sector as the key to modern, citizen-centred services. These efforts have been conducted in the wider context of New Public Management, with the emphasis on the marketisation of government services, reducing the size of the state, and improvements in efficiency. Both countries are typically seen as being at, …
Superannuation Policy Processes: The Case Of Mysuper And Superstream, Fariba Ahmadi Pirshahid, Mary Kaidonis, Kathy Rudkin
Superannuation Policy Processes: The Case Of Mysuper And Superstream, Fariba Ahmadi Pirshahid, Mary Kaidonis, Kathy Rudkin
Faculty of Business - Papers (Archive)
The Australian superannuation system has been praised as one of the best in the world. Yet a major review by the Cooper Committee in 2010 found numerous problems that have been undermining the performance of the system, proposing a number of recommendations for improvement. The subsequent adoption and implementation of two such recommendations saw the introduction of 'MySuper' and 'SuperStream' by the government resulting in the most significant reform in the superannuation industry since the introduction of the Superannuation Guarantee (SG) in 1992. This paper critically analyses: the relevant Deloitte; and Financial Services Council and Ernst and Young's report used …
Analysis Of Some Environmental Policy Instruments, Juergen H. Seufert, Brian Andrew
Analysis Of Some Environmental Policy Instruments, Juergen H. Seufert, Brian Andrew
Faculty of Business - Papers (Archive)
Benjamin Franklin once said that "[i]n this world nothing can be said to be certain, except death and taxes" (Franklin, 1840 p.410) and a significant body of the scientific literature, including the IPCC, have indicated that the climate change problem has become such a pressing issue that we now face a stark choice between the premature death of hundreds of millions of the people on this planet (from storm, flood, starvation, war or pestilence) and the use of taxation or other financial strategies to change the relative cost of carbon intensive sources of energy compared to the cost of 'green' …
The Stock Market Implication Of Political Connections: Evidence From Firms' Dividend Policy, Jerry Cao, Sheng Huang, Qigui Liu, Gary G. Tian
The Stock Market Implication Of Political Connections: Evidence From Firms' Dividend Policy, Jerry Cao, Sheng Huang, Qigui Liu, Gary G. Tian
Faculty of Business - Papers (Archive)
Political connections are valuable for shareholders of privately-run firms especially in countries with weak legal institutions. We study the effect of a firm's political connections in the public equity market by focusing on its impact on the firms' dividend policy. Prior studies suggest that dividends signal the commitment for proper treatment of minority shareholders and thus high growth firms pay dividends to establish such a reputation for better access to equity market in the future. Using a sample of privately-owned Chinese firms, we find that politically connected firms are less likely to pay dividends and pay less if they pay. …