The decline in Australian aggregate labour productivity growth in the 1980's was closely associated with a fall in capital intensity. While many believe that real wage restraint was the explanation for these aggregate outcomes, this paper examines the data disaggregated to an industry level to...

A wide range of macroeconomic and microeconomic theories are surveyed with particular regard to their prediction on the cyclicality of real wages. After appropriate removal of the non-stationary components of the time series involved, econometric tests are undertaken which show that Australian...

This paper provides an empirical estimate of the degree of international capital mobility in Thailand. A model of interest rate determination which allows for imperfectly mobile capital and the impact of both domestic and international influences on the domestic rate is developed and estimated...