<title>Abstract</title> Growing migrant worker remittances are regarded as an important and more reliable source of capital to finance development in South and Southeast Asia than international aid and foreign direct investment. International financial institutions (IFIs) have proselytized based on this...

Over the past few decades there has been extensive reorganization of the construction industry in many developed countries including removal of head contractor companies from direct operational construction, elongation of the subcontracting chain, rising self-employment, casualization of work...

The Australian government has passed legislation, the Clean Energy Future Policy, establishing a carbon-emission pricing scheme. While the scheme is represented as the most efficient and cost effective means of reducing emissions, the government has also committed to ensuring equity in burden...

We estimate a version of the Melitz and Ottaviano [Melitz, Marc J. and Ottaviano, Gianmarco I.P., 2008, Market size, trade, and productivity, Review of Economic Studies 75(1), pp. 295-316.] model of international trade with firm heterogeneity. The model is constructed to yield testable...

The intertemporal budget constraint of the government implies a relationship between a ratio of current liabilities to the primary deficit with future values of inflation, interest rates, GDP and narrow money growth and changes in the primary deficit. This relationship defines a natural measure...

We introduce learning into a Hotelling model of a non-renewable resource market. By combining learning and scarcity we add significantly to the dynamics implied by learning and substantially enhance the volatility of commodity prices. In our learning model we show how a self confirming...

Our aim is to provide insights into some basic facts of US government debt management by introducing simple financial frictions in a Ramsey model of fiscal policy. We find that the share of short bonds in total U.S. debt is large, persistent, and highly correlated with total debt. A well known...

Using oil prices since 1832 we consider the evidence in favour of escape dynamics in the oil industry and provide estimates of market inference regarding oil scarcity.