Australia’s share of intra-industry trade (IIT) in its total trade of textiles and clothing (TAC) is one of the lowest among the OECD countries. However, over the recent years there has been a rising trend in Australia’s IIT in some categories of TAC products. The purpose of this paper is to...

Researchers need to re-conceptualize their thinking on the internationalization process of smaller firms (Bell, et al 2003). It is therefore the purpose of this study to generate a theoretical contribution to the growing field of International entrepreneurship with a specific focus on the...

We analyse the puzzling behavior of the volatility of individual stock returns around the turn of the Millennium. There has been much academic interest in this topic, but no convincing explanation has arisen. Our goal is to pull together the many competing explanations currently proposed in the...

The current study was motivated by statements made by the Economic Strategies Committee that Singapore’s recent productivity levels in services were well below countries such as the US, Japan and Hong Kong. Massive employment of foreign workers was cited as the reason for poor productivity...

An important puzzle in international macroeconomics is the exchange rate disconnect puzzle. Based on recent empirical literature by Mussa (1986), Baxter and Stockman (1989), and Flood and Rose (1995), high exchange rate volatility under floating rates appear not to be related to the high...

This paper presents a critique of the traditional textbook representation of fiscal policy, and highlights the misleading policy implications perpetuated by this analysis. In particular, the conclusion that fiscal deficits are likely to be associated with higher interest rates is disputed, as is...

This paper focuses on the dynamics of international financial integration for a set of 13 industrial countries including Australia over the period 1990 to 2003 by analysing data on the level and composition of foreign assets and liabilities. The objective of the study is to provide insights into...

In this paper we investigate how Financial Soundness Indicators (FSI) responds to changing macroeconomic and institutional conditions. FSls are aggregate measures of the current financial health and soundness of financial institutions in a country including corporate and household...

The concept of ?financialisation? has informed recent analyses of the contemporary dynamics of monopoly capitalism. In the wake of the global financial crisis in 2007-08, the strategic role of finance and its capacity to destabilise the real economy and push it to the brink of economic...

This paper examines occupational choice to test if an extended array of variables, including personality traits, influences an individual?s occupational choice. Typically the heterogeneity of labour markets is examined by looking for compensating wage differentials as first advocated by Adam...