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...

Increased demand for livestock products and the regime switch from import substitution to export orientated industrialisation has put pressure on the livestock sector in Thailand to expand production and exports. One of the constraints to expansion is the production and trade effects of diseases...

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...