This paper studies a growth model with public and private education alternatives. The impact of education vouchers for economic growth and the evolution of income inequality are considered. Results indicate that introducing education vouchers can increase economic growth. Households switching...

The purpose of this paper is to analyse how trade liberalisation affects location decisions of firms in vertically linked industries with different factor intensities. Firms can choose to locate either in a low wage, labour abundant, country or a low rental, capital abundant, country. We derive...

This paper extends the empirical work of Wilson (1997) by estimating the determinants of migration between Australia's thirteen major statistical regions. An econometric model is estimated using aggregate data from the 1981-86 intercensal period and weighted least squares.

Eight determining variables of FDI inflows are examined by applying extreme bounds analysis to a cross-sectional sample encompassing data on 140 countries. With GDP per capita serving as the free variable, seven variables are tried as the variables of interest in combination with three other...

How do globalization economic conditions affect labour market institutions such as unionism? We draw on recent theoretical and empirical work to yield a more comprehensive set of hypotheses related to the decline in unionisation. Furthermore, we extend recent theoretical work to highlight a...

Analysis of agricultural production generally ignores the undesirable outputs (such as soil erosion) that are jointly produced with desirable, marketable outputs. In this paper we present preliminary TFP results incorporating national level data for off-site damage costs of soil erosion for...

The existence of takeover premia is well established in the finance literature. This research motivates the existence of premia by utilising the concept of economies of scope which are empirically proxied by the 'closeness' of industries, and subsequently provides a theoretical framework for the...