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The paper reports the empirical results of the validation of the Stochastic Production Frontier (SPF) Model to an unbalanced panel comprising a crosssection of 8 manufacturing industries over a time span of 26 years The results provide insights on the repercussions of the macro-economic reform...

This study analyses the effectiveness of exchange rate intervention in Australia during the post-float era (1983-1994). The rationale underpinning the switch to the floating regime and the mechanics and channels of sterilised intervention are critically reviewed in the Australian context. The...

Globalisation or the international integration of production and distribution has accelerated over the past two decades. Multinational enterprises (MNEs) or the transnational corporations (TNC) through foreign direct investment (FDI) have played a key role in the globalisation process. This...

The paper reviews some important macroeconomic tensions resulting from the phenomenon of financial integration. These macroeconomic tensions are illustrated using Australian perspectives. The deregulation of the Australian financial markets has increased capital mobility and profoundly changed...

The paper examines the evolution of monetary policy design in Australia which has culminated in the adoption of inflation targeting using the institutional mechanism of central bank independence. A Vector Error Correction Model is specified linking inflation to measures of central bank...

This paper reviews the Australian twin deficits during the flexible exchange rate period. Past analytics and empirics have rejected the twin deficits in the Australian context. But recent simulations based on large macroeconometric models report that a fiscal contraction will improve the current...

La rivoluzione dell’informazione - Australia e paesi vicini Lo studio analizza l’evoluzione del settore informatico in Australia e paesi vicini misurandone la portata e la struttura. Viene presentata una metodologia atta a individuare il settore informatico nell’ambito delle statistiche...

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L’articolo analizza lo relazioni bi-direzionali che intercorrono tra variabili fondamentali quali la tecnologia delle informazioni (telecomunicazioni), il commercio internazionale e lo sviluppo economico. I risultati empirici autorizzano una sfida nei confronti delle strategie popolari di...