The dissolving trade barriers, financial deregulation, hyper-mobility of capital and the rapid diffusion of new information technologies have ushered the Australian economy into the borderless world. The orthodoxy that states that centralised wage-fixing in Australia has impeded wage flexibility...

The productivity slump in the 2000 decade whilst Australia was riding on the biggest mining boom in its history posed a conundrum. The mining boom caused a real exchange rate appreciated due to the skyrocketing terms of trade fuelled by demand for minerals from the mega-Asian economies. The...

Australia in the 1990s experienced a surge in multifactor productivity ushering in the ¡®golden age¡¯ of productivity. The subsequent 2000 decade witnessed a dramatic slump in productivity whilst the economy was riding the crest of the biggest terms- of- trade boom in its recorded history....

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...

Uses parametric Granger causality techniques to test whether trade acted as an engine of growth during the period 1971(2)-1994(2) in Australia. The causality tests were performed on time-series data that were filtered after unit root and cointegration testing. During the study period there was a...

In this paper the polemics and empirics on the sustainability of Australia’s high current account deficits and foreign debt that prevailed during the period 1959q3-2007q1 is revisited. The paper contends that the forces of globalization brought about a policy regime shift culminating in the...

The technical efficiency dividend reaped by Australian manufacturing industries following the implementation of microeconomic reforms over the past three decades is analysed empirically in this paper. The technical efficiency scores have been estimated for manufacturing industries using a...

Globalisation can be described as a dynamic process that links the economy of a nation with the world economy through economic and non-economic forces. In this paper I shall confine myself to the economic forces of globalisation and in particular to cross-border capital flows. The process of...