Extensive activity is underway to revise the construction and measurement of national income statistics. However, the underlying definitions of income are not settled. At the broadest level, there is a conflict between income as an economic concept (consumption-related, inter-temporal) and an...

The effect of unionisation on productivity is an unresolved empirical question. Many studies have found a range of results. Unlike nearly all preceding studies, this study is based on a sharply defined natural experiment which is provided by the Australian Workplace Relations Act 1996. This Act...

Causal observation shows that many developing countries adopt certain strategic trade measures such as export subsidies and domestic currency devaluation to promote their exports. Are there any economic rationality behind these measures? The answer is yes. Using a general equilibrium model, we...

Tension exists between national accounting practice (in which capital gains are not counted as part of national income), and the theory of national income definition and interpretation (in which capital gains are often argued to be a component of national income). Much of this theoretical work...

This paper provides a comprehensive model of household waste management policy with three interacting parties: a firm, a household and an environmental regulator. The regulator chooses the environmental tax, the household waste collection charge, monitoring of illegal waste disposal by the...