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Curtin Business School

Program and papers

Proceedings of the 35th Australian Conference of Economists

25-27 September 2006
Curtin University of Technology
Perth, Western Australia
ISBN: 1 74067 501 0

Proceedings Editor: Assoc Prof Garry MacDonald
Download final program in pdf

Keynote Speakers

Prof. Stan Metcalfe
University of Manchester
Alfred Marshall's Mecca: The Evolutionary Theory of Growth and Development
Prof. Chuck Blackorby, University of WarwickMonopoly: Do Ad Valorem Taxes Pareto Dominate Unit Taxes?
Prof. Bruce Chapman
The Australian National University
Government as Risk Manager: Income Contingent Loans for Social and Economic Reform
Prof. George Mailath
Yale University
Reputations
Prof. Arjo Klamer
Erasmus University
Speaking of Economics: How to be in the Conversation
Prof. Mark Killingsworth
Rutgers University
Effects of the Family Cap and Other Welfare Reforms on Fertility Decisions of Women on Welfare
Prof. Margaret Slade, University of WarwickExclusive Contracts and Vertical Restraints: Empirical Evidence and Public Policy
Prof. John Quiggin University of QueenslandThe Uncertain Future of Water Policy
Prof. Mark Salmon, University of WarwickSentiment and Beta Herding in Financial Markets

Monday 25 September 2006

Session 1 - Social Policy I

Mehmet Ulubasoglu
Buly Cardak
International comparisons of rural-urban educational attainment: Data and determinants
Justine McNamara
Rebecca Cassells
Child care for infants: trends in usage and costs, 1999 to 2002
Elisabetta Magnani
Anu Rammohan
The effect of elderly caregiving on female labour supply in Indonesia

Session 2 - Competition Issues

Nick Wills-JohnsonCompetition in rail: A likely proposition?
Atakelty Hailu
Sophie Thoyer
Designing multi-unit multiple bid auctions: An agent-based computational model of uniform, discriminatory and generalized Vickrey auctions
Louise CollisAn investigation of the practical effects of starting prices using eBay data

Session 3 - Econometrics

Xiao Qin
G.K. Randolph Tan
Markov-switching unit root test: A study of the property price bubbles in Hong Kong and Seou
Jenny Lye
Joe Hirschberg
Marginal effects for binary response models with nonlinear regressors
Joe Hirschberg Jenny LyeInteractions in regressions

Session 4 - History of Thought

Michael McLureOne hundred years ago today: The centenary of Pareto's Manuale di Economia Politica
Regis DelocheWalras's correspondence as a natural test of Aumann's conjecture
John HawkinsEdward Pulsford - a political economist

Session 5 - International Trade I

Jay Squalli
Kenneth Wilson
A new approach to measuring trade openness
Witada AnukoonwattakaOutsourcing decisions of the firm: Empirical evidence from component procurement of Toyota in Thailand
David Greenaway
Rod Falvey
Joana Silva
Trade, human capital and labour market adjustment

Session 6 - Finance I

Helen Higgs
Andrew C. Worthington
Stochastic price modelling of high volatility, mean-reverting, spike-prone commodities: The Australian wholesale electricity market
Hiroaki Suenaga
Aaron Smith
Jeffrey Williams
Volatility dynamics of NYMEX natural gas futures prices

Session 7 - Immigration I

Barry R. Chiswick
Paul W. Miller
An explanation for the lower payoff to schooling for the foreign born in Australia
Deborah A. Cobb-ClarkSelection policy and the labour market outcomes of new immigrants

Session 8 - Intergovernmental Financial Relations

Alan MorrisFederalism and equalization: A lapsed economist struggles with issues of equity and efficiency
Don ChallenFiscal equalisation - why it makes sense and reflects Australia's desire for a fair go all around
Alex SchiriniReforming Specific Purpose Payments to achieve the best outcomes for the community: A practitioner's perspective

Session 9 - Finance II

Robert Kohn
Rachida Ouysse
Bayesian variable selection of risk factors in the APT model
Elaine LohDo volume indicators improve technical trading profits? Global empirical evidence
Zhuo Qiao
Thomas C. Chiang
Wing-Keung Wong
Long-run equilibrium, short-term adjustment, and spillover effects across Chinese segmented stock markets and the Hong Kong stock market

Session 10 - Theory I

Jeffrey SheenCountry asymmetries and the balance of lethal war and peace
Elias L. KhalilMoral outrage
Harry Clarke
Svetlana Danilkina
Talking rationally about rational addiction
Svetlana DanilkinaA dual self model of addiction

Session 11 - Pricing and Innovation

Harry Bloch
Michael Olive
The speed and stability of price adjustment in Australian manufacturing
P. Haywood
D. Howard
The cyclical behaviour of prices in a small open economy: the experience of Australia from 1981 to 2005
Hielke Buddelmeyer
Paul H. Jensen
Elizabeth Webster
Innovation and the determinants of firm survival
Simon Zheng
Sidney Shanks
Returns to industry R & D in Australia

Session 12 - Health Economics

Maathai K. MathiyazhaganCost efficiency of public and private hospitals: Evidence from Karnataka State in India
Bernard van den Berg Wolter H.J. HassinkMoral hazard and cash benefits in long-term home care
Elizabeth Savage
Rosalie Viney
Denzil Fiebig
Does the reason for buying health insurance influence behaviour?
Denise Doiron
Glenn Jones
Elizabeth Savage
Healthy, wealthy and insured? The role of self-assessed health in the demand for private health insurance

Session 13 - Labour Economics I

Kostas Mavromaras
Axel Heitmueller
On the post-unification development of public and private pay in Germany
Alison PrestonReproducing segregated labour markets
Lixin CaiEffects of health on wages of Australian men
Temesgen KifleThe impact of labour market mismatch on earnings: The case of Eritrea

Session 14 - Social Policy II

Therese JeffersonWomen's savings and retirement incomes policy: Adding qualitative methods to an economic research program?
Rhonda SharpEngendering the government budget: Performance budgeting and the challenge of the care economy
Paul Gerrans
Marilyn Clark-Murphy Craig Speelman

Asset allocation and age effects in superannuation investment choice

Bruce BradburyThe impact of young motherhood on education, employment and marriage

Session 15 - Macro I

Robert Ewing
John Hawkins
Business cycles in Australia
Patrick M. Crowley
Douglas Maraun
David Mayes
Analysing productivity cycles in the Euro area, US and UK using wavelet analysis
Raja JunankarThe performance of the Australian macroeconomy: Ten years of John Howard

Session 16 - Topics in Public Policy

James Giesecke
Peter B. Dixon
Maureen T. Rimmer
Regional macroeconomic outcomes under alternative arrangements for the financing of public infrastructure
Greg WatkinsonWater pricing: Concepts and principles
Duc VoFiscal decentralisation index: The international comparison

Tuesday 26 September 2006

Session 17 - Ageing and Investment

Hoan Pham XuanPopulation, ageing, investment and consumption
Bruce Felmingham
Arusha Cooray
The cyclical and trend behaviour of Australian investment and savings
Hayat KhanThe optimal response of national saving, investment and current account balance to prospective ageing in Australia and its impact on future living standards
Mariano Kulish, Kathryn Smith Christopher KentAgeing, retirement and savings: A general equilibrium analysis

Session 18 - Labour Economics II

Parvinder KlerThe impact of overeducation on job satisfaction among tertiary educated Australians
Sue O'Keefe
Lin Crase
Workplace training - does reality match the theory? An analysis of public sector employees' training decisions
George Messinis
Nilss Olekalns
Training and returns to undereducation and overeducation: New Australian evidence
David W. JohnstonThe impact of private schooling on academic and non-academic outcomes

Session 19 - Finance III

Carl Schwartz
Tim Hampton
Christine Lewis
David Norman
A survey of housing equity withdrawal and injections in Australia
Anil MishraAustralian investors' home bias in portfolio equity investment
Lance A. Fisher
Glenn Otto
Graham M. Voss
Housing booms, non-financial wealth and consumption: Lessons from the Australian experience

Session 20 - Macro II

Mohammad Mafizur RahmanMacro-economic and trade link models of South Asian countries: An investigation for regional trade expansion
Chia-Ying Chang
Yiting Li
Vertical differentiation in monetary search-theoretical model: revisited
Zhaoyong Zhang Kiyotaka SatoWhither a currency union in Greater China?

Session 21 - Productivity I

Mario CocciaQuantitative analysis of R & D productivity in the Italian public research laboratories
Supriyo De
Dilip Dutta
Impact of intangible capital on productivity and growth of the Indian information technology software industry
Saowaruj RattanakhamfuEffects of agglomeration economies and learning by exporting on firm efficiency: The case of software services industry in India
I.K.M. Mokhtarul WadudProductivity growth and efficiency change in Malaysian manufacturing: Recent evidence from disaggregated data

Session 22 - Public Economics

Jia-Zhueng FanDoes public income induce more consumption?
Radhika Lahiri
Elisabetta Magnani
On inequality and the allocation of public spending
Sajid AnwarFactor mobility, wage inequality and public infrastructure: A theoretical analysis
Kota Sugahara Minoru KunizakiFiscal decentralization from the perspective of strategic interaction: The case of Japanese prefectures

Session 23 - Exchange Rates

Mark J. HolmesAsia-Pacific real exchange rates, purchasing power parity and regime switching
David KimAn Asian currency union?: Some VAR evidence on the nature of macroeconomic shocks in East Asia
Tomoya SuzukiInternational transmission of monetary shocks: Case of Australia and New Zealand

Session 24 - Finance IV

Abdul Hakim
Michael McAleer
Modelling the interactions across international stock, bond and foreign exchange markets
Heidi RyooArbitrage opportunity in the foreign exchange market
Ariful Hoque
Felix Chan
Meher Manzur
Efficiency of the foreign currency options market
E.J. Wilson
H.A. Marashdeh
Are cointegrated stock prices consistent with the efficient market hypothesis?

Session 25 - Applied Econometrics

Albert Wijeweera Brian DolleryCorruption and foreign direct investments: A panel analysis
Owen Chih-Hung HoThe performance of foreign funded enterprises and State-owned enterprises in China
Robert Fildes
Gary Madden Joachim Tan
Aggregate selection, data characteristics and choice of optimal model
Jan van Ours
Jenny Williams
Cannabis prices and dynamics of cannabis use

Session 26 - Theory II

Debajyoti ChakrabartyEndogenous time preference and inequality
Nicolas de Roos
Yianis Sarafidis
Decision making under risk in Deal or No Deal
Suren Basov
Svetlana Danilkina
Quality and product variety in a monopolistic screening model with nearly rational consumers
Graeme J. DooleNumerical optimisation of multiple-phase systems incorporating transition costs

Session 27 - Macro III

Jan LibichInflexibility of inflation targeting revisited: Modelling the 'Anchoring' effect
Gilles Dufrénot
Roselyne Joyeux Anne Péguin-Feissole
Which predictor is the best to predict inflation in Europe: the real money-gap or a nominal money based indicator?
Peter Robertson Richard G. HarrisDynamic adjustments to global shocks: Australia and the USA
Kenneth W. Clements
Renee Fry
Commodity currencies and currency commodities

Session 28 - Labour Economics III

Siobhan AustenEmployment transitions by mid life Australian women
Stephen L. CheungA test of employer learning in the labour market for young Australians
Kelly JarvisThe relationship between employment and job vacancies
Roger WilkinsPersonal and job characteristics associated with underemployment

Session 29 - Productivity II

Sarah Hugo
Jay Squalli
Kenneth Wilson
An examination of Australian growth competitiveness
Jyoti Rahman
Gene Tunny
Estimating trends in Australia's productivity
Bryn BattersbyDoes distance matter? The effect of geographic isolation on productivity levels
Simon Ville
Abbas Valadkhani
Analysing the comparative performance of Australian universities under the unified national system, 1992-2003

Session 30 - Social Policy III

Pataporn SukontamarnMicro-credit, fertility decisions, and women's empowerment in Bangladesh
Pushkar Maitra
Anu Rammohan
Diane Dancer
The link between infant mortality and child nutrition in India: Is there any evidence of gender bias?
Alexis Esposto
G.A. Meagher
The future demand for employability skills: A new dimension to labour market forecasting in Australia

Wednesday 27 September 2006

Session 31 - Social Policy IV

Chikako YamauchiGovernance and delivery of anti-poverty program
Paul Blacklow
Imran Church
Fertility choices of Australian couples
M. Pahlavani
R. Verma
E. Wilson
The role of capital formation and saving in promoting economic growth in Iran
Hielke Buddelmeyer, John Freebairn
Guyonne Kalb
Evaluation of policy options to encourage welfare to work

Session 32 - Contracts and Governance

Ben White
Jananee Raguragavan
Robert C. Chambers
Contracts for land retirement under asymmetric information
Brishti GuhaHonesty and intermediation: Corporate cheating, auditor involvement and the implications for development


Session 33 - Labour Economics IV

Anh T. LeTertiary entrance scores: Extra points for immigrant children?
Prem Jung Thapa Tue GørgensA duration analysis of the time taken to find the first job for newly arrived migrants in Australia
Katy Cornwell
Brett Inder
Are migrants unusually successful in the labour market?
Buly A. Cardak
Chris Ryan
Why are high ability individuals from poor backgrounds under-represented at university?

Session 34 - Macro IV

Nicolaas Groenewold
Guoping Lee
Anping Chen
Inter-regional output spillovers in China: Disentangling national from regional shocks
Hernán VallejoA theory of natural market structures: Regulation, R & D, FDI, international trade and a few curiosities
Rod Falvey
Zhihong Yu
David Greenaway
To be or not to be? Survival of foreign firms and local productivity uncertainty
Thomas Gries
Wolfgang Eggert Gerhard Sievert
Axel Wieneke
Persistent bank concentration and limited growth of SMEs in Russia

Session 35 - Immigration II

John SalerianEconomic impacts of skilled migration
G. Cuxson James GieseckeEconomic effects of an increase in the skilled migration program
Harry ClarkeThe case for targeting skilled migrants

Session 36 - Environment

Natalie Stoeckl
Owen Stanley
Vicki Brown
Sue Jackson
Anna Straton
Social and economic values associated with Australia's tropical rivers
Khorshed Alam Dora MarinovaSustainability and river restoration
Adrian KempPolicy implications of increased inter-state water trading in the presence of environmental externalities

Session 37 - Growth

Jakob B. MadsenGrowth and capital deepening since 1870: Is it all progress?
Yapa M.W.Y. BandaraStructural transformation and TFP growth in manufacturing: The case of Sri Lanka
Graeme Wells Thanasis StengosEstimates of technology and convergence: Simulation results

Session 38 - Fisheries I

Peter Rogers
Neil Thomson
From economics to management: The lessons of transition in managed fisheries in Western Australia
Paul McLeod, John Nicholls Robert LindnerSocially optimal allocation of fish resources among competing uses. A dynamic allocation model applied to Western Australia's Abalone fishery
Tom Kompas, Tuong Nhu Che
R. Quentin Grafton
Fisheries instrument choice under uncertainty
Elizabeth PetersenEstimating wholesale demand for live reef food fish in Hong Kong

Session 39 - Fisheries II

SathiendrakumarAn evaluation of fisheries policies available to Australia for the management of Southern Blue Fin Tuna fishery
Dinty MatherEfficiency and fisheries management systems

Session 40 - Natural Resources

Donna Brennan
Sorada Tapsuwan
Gordon Ingram
The welfare costs of urban outdoor water restrictions
Teresa StewartLogging on: Victoria's first online auction of native timber
Mary GrahamIncorporating environmental impacts into productivity analysis: The case for nitrogen leaching in the Australian dairy industry
Tiho Ancev
Regina Betz
Load-based licensing: Getting the rates right

Session 41 - Taxation Issues

Elizabeth ManningEffective marginal benefit - the peculiar case of the Australian armed forces and the Medicare levy
Jeff PopeThe political economy of personal income tax reform in Australia
Geoffrey KingstonTax reform: A different view
Bruce Felmingham, Yong Hong Yan, Natalie Jackson Maggie WalterEarly retirement biases in the funding of Australian retirement

Session 42 - Labour Economics V

Denise Doiron
Tue Gørgens
State dependence in youth labor market experiences and the evaluation of policy interventions
Alfred Michael Dockery
Luke Elliott
Are the 'hidden unemployed' unemployed?
Ted MillerAccounting framework for societal cost-outcome analyses of morbidity reduction

Session 43 - International Trade II

Helen Cabalu
U-Primo Rodriguez
When policymakers don't get it right: Evidence from the Philippine 2005 tariff reform
George VerikiosThe costs of global tariff barriers on wool products
Alec Zhi ZuoDid foreign direct investment (FDI) augment the backward linkages? An empirical study of fourteen Chinese industrial sectors

Session 44 - Banking

John SimpsonExpert political risk opinions and banking system returns: A revised international banking market model
Meliyanni Johar
Anu Rammohan
Demand for microcredit by Indonesian women
Bruce Q. Budd Catherine R. BuddDoes record profitability necessarily reflect high efficiency performances: An empirical investigation of UAE local banks?
Gert van der WesthuizenEstimating technical and scale efficiency of banks using balance sheet data: A South African case

Session 45 - Social Policy V

Stephen WhelanHousing assistance and labour market outcomes in Australia
A.M. Dockery
Paul Flatau
Rachel Ong
Gavin Wood
Welfare reform, housing assistance and effective marginal tax rates
Peng YuLow earnings: A sticky stepping-stone for Australian unemployment benefit recipients
Gavin A. Wood
Rachel Ong
A.M. Dockery
What has determined longer run trends in public housing tenants' employment participation 1982-2002?

Proceedings of the 35th Australian Conference of Economists

25-27 September 2006
Curtin University of Technology
Perth, Western Australia
ISBN: 1 74067 501 0

Proceedings Editor: Assoc Prof Garry MacDonald

Download final program in pdf

Keynote Speakers

Prof. Stan Metcalfe
University of Manchester
Alfred Marshall's Mecca: The Evolutionary Theory of Growth and Development
Prof. Chuck Blackorby, University of WarwickMonopoly: Do Ad Valorem Taxes Pareto Dominate Unit Taxes?
Prof. Bruce Chapman
The Australian National University
Government as Risk Manager: Income Contingent Loans for Social and Economic Reform
Prof. George Mailath
Yale University
Reputations
Prof. Arjo Klamer
Erasmus University
Speaking of Economics: How to be in the Conversation
Prof. Mark Killingsworth
Rutgers University
Effects of the Family Cap and Other Welfare Reforms on Fertility Decisions of Women on Welfare
Prof. Margaret Slade, University of WarwickExclusive Contracts and Vertical Restraints: Empirical Evidence and Public Policy
Prof. John Quiggin University of QueenslandThe Uncertain Future of Water Policy
Prof. Mark Salmon, University of WarwickSentiment and Beta Herding in Financial Markets

Monday 25 September 2006

Session 1 - Social Policy I

Mehmet Ulubasoglu
Buly Cardak
International comparisons of rural-urban educational attainment: Data and determinants
Justine McNamara
Rebecca Cassells
Child care for infants: trends in usage and costs, 1999 to 2002
Elisabetta Magnani
Anu Rammohan
The effect of elderly caregiving on female labour supply in Indonesia

Session 2 - Competition Issues

Nick Wills-JohnsonCompetition in rail: A likely proposition?
Atakelty Hailu
Sophie Thoyer
Designing multi-unit multiple bid auctions: An agent-based computational model of uniform, discriminatory and generalized Vickrey auctions
Louise CollisAn investigation of the practical effects of starting prices using eBay data

Session 3 - Econometrics

Xiao Qin
G.K. Randolph Tan
Markov-switching unit root test: A study of the property price bubbles in Hong Kong and Seou
Jenny Lye
Joe Hirschberg
Marginal effects for binary response models with nonlinear regressors
Joe Hirschberg Jenny LyeInteractions in regressions

Session 4 - History of Thought

Michael McLureOne hundred years ago today: The centenary of Pareto's Manuale di Economia Politica
Regis DelocheWalras's correspondence as a natural test of Aumann's conjecture
John HawkinsEdward Pulsford - a political economist

Session 5 - International Trade I

Jay Squalli
Kenneth Wilson
A new approach to measuring trade openness
Witada AnukoonwattakaOutsourcing decisions of the firm: Empirical evidence from component procurement of Toyota in Thailand

David Greenaway
Rod Falvey
Joana Silva

Trade, human capital and labour market adjustment

Session 6 - Finance I

Helen Higgs
Andrew C. Worthington
Stochastic price modelling of high volatility, mean-reverting, spike-prone commodities: The Australian wholesale electricity market
Hiroaki Suenaga
Aaron Smith
Jeffrey Williams
Volatility dynamics of NYMEX natural gas futures prices

Session 7 - Immigration I

Barry R. Chiswick
Paul W. Miller
An explanation for the lower payoff to schooling for the foreign born in Australia
Deborah A. Cobb-ClarkSelection policy and the labour market outcomes of new immigrants

Session 8 - Intergovernmental Financial Relations

Alan MorrisFederalism and equalization: A lapsed economist struggles with issues of equity and efficiency
Don ChallenFiscal equalisation - why it makes sense and reflects Australia's desire for a fair go all around
Alex SchiriniReforming Specific Purpose Payments to achieve the best outcomes for the community: A practitioner's perspective

Session 9 - Finance II

Robert Kohn
Rachida Ouysse
Bayesian variable selection of risk factors in the APT model
Elaine LohDo volume indicators improve technical trading profits? Global empirical evidence
Zhuo Qiao, Thomas C. Chiang Wing-Keung WongLong-run equilibrium, short-term adjustment, and spillover effects across Chinese segmented stock markets and the Hong Kong stock market

Session 10 - Theory I

Jeffrey SheenCountry asymmetries and the balance of lethal war and peace
Elias L. KhalilMoral outrage
Harry Clarke
Svetlana Danilkina
Talking rationally about rational addiction
Svetlana DanilkinaA dual self model of addiction

Session 11 - Pricing and Innovation

Harry Bloch
Michael Olive
The speed and stability of price adjustment in Australian manufacturing
P. Haywood
D. Howard
The cyclical behaviour of prices in a small open economy: the experience of Australia from 1981 to 2005
Hielke Buddelmeyer
Paul H. Jensen
Elizabeth Webster
Innovation and the determinants of firm survival
Simon Zheng
Sidney Shanks
Returns to industry R & D in Australia

Session 12 - Health Economics

Maathai K. MathiyazhaganCost efficiency of public and private hospitals: Evidence from Karnataka State in India
Bernard van den Berg Wolter H.J. HassinkMoral hazard and cash benefits in long-term home care
Elizabeth Savage
Rosalie Viney
Denzil Fiebig
Does the reason for buying health insurance influence behaviour?
Denise Doiron
Glenn Jones
Elizabeth Savage
Healthy, wealthy and insured? The role of self-assessed health in the demand for private health insurance

Session 13 - Labour Economics I

Kostas Mavromaras
Axel Heitmueller
On the post-unification development of public and private pay in Germany
Alison PrestonReproducing segregated labour markets
Lixin CaiEffects of health on wages of Australian men
Temesgen KifleThe impact of labour market mismatch on earnings: The case of Eritrea

Session 14 - Social Policy II

Therese JeffersonWomen's savings and retirement incomes policy: Adding qualitative methods to an economic research program?
Rhonda SharpEngendering the government budget: Performance budgeting and the challenge of the care economy
Paul Gerrans
Marilyn Clark-Murphy Craig Speelman

Asset allocation and age effects in superannuation investment choice

Bruce BradburyThe impact of young motherhood on education, employment and marriage

Session 15 - Macro I

Robert Ewing
John Hawkins
Business cycles in Australia
Patrick M. Crowley
Douglas Maraun
David Mayes
Analysing productivity cycles in the Euro area, US and UK using wavelet analysis
Raja JunankarThe performance of the Australian macroeconomy: Ten years of John Howard

Session 16 - Topics in Public Policy

James Giesecke
Peter B. Dixon
Maureen T. Rimmer
Regional macroeconomic outcomes under alternative arrangements for the financing of public infrastructure
Greg WatkinsonWater pricing: Concepts and principles
Duc VoFiscal decentralisation index: The international comparison

Tuesday 26 September 2006

Session 17 - Ageing and Investment

Hoan Pham XuanPopulation, ageing, investment and consumption
Bruce Felmingham
Arusha Cooray
The cyclical and trend behaviour of Australian investment and savings
Hayat KhanThe optimal response of national saving, investment and current account balance to prospective ageing in Australia and its impact on future living standards
Mariano Kulish, Kathryn Smith Christopher KentAgeing, retirement and savings: A general equilibrium analysis

Session 18 - Labour Economics II

Parvinder KlerThe impact of overeducation on job satisfaction among tertiary educated Australians
Sue O'Keefe
Lin Crase
Workplace training - does reality match the theory? An analysis of public sector employees' training decisions
George Messinis
Nilss Olekalns
Training and returns to undereducation and overeducation: New Australian evidence
David W. JohnstonThe impact of private schooling on academic and non-academic outcomes

Session 19 - Finance III

Carl Schwartz
Tim Hampton
Christine Lewis
David Norman
A survey of housing equity withdrawal and injections in Australia
Anil MishraAustralian investors' home bias in portfolio equity investment
Lance A. Fisher
Glenn Otto
Graham M. Voss
Housing booms, non-financial wealth and consumption: Lessons from the Australian experience

Session 20 - Macro II

Mohammad Mafizur RahmanMacro-economic and trade link models of South Asian countries: An investigation for regional trade expansion
Chia-Ying Chang
Yiting Li
Vertical differentiation in monetary search-theoretical model: revisited
Zhaoyong Zhang Kiyotaka SatoWhither a currency union in Greater China?

Session 21 - Productivity I

Mario CocciaQuantitative analysis of R & D productivity in the Italian public research laboratories
Supriyo De
Dilip Dutta
Impact of intangible capital on productivity and growth of the Indian information technology software industry
Saowaruj RattanakhamfuEffects of agglomeration economies and learning by exporting on firm efficiency: The case of software services industry in India
I.K.M. Mokhtarul WadudProductivity growth and efficiency change in Malaysian manufacturing: Recent evidence from disaggregated data

Session 22 - Public Economics

Jia-Zhueng FanDoes public income induce more consumption?
Radhika Lahiri
Elisabetta Magnani
On inequality and the allocation of public spending
Sajid AnwarFactor mobility, wage inequality and public infrastructure: A theoretical analysis
Kota Sugahara Minoru KunizakiFiscal decentralization from the perspective of strategic interaction: The case of Japanese prefectures

Session 23 - Exchange Rates

Mark J. HolmesAsia-Pacific real exchange rates, purchasing power parity and regime switching
David KimAn Asian currency union?: Some VAR evidence on the nature of macroeconomic shocks in East Asia
Tomoya SuzukiInternational transmission of monetary shocks: Case of Australia and New Zealand

Session 24 - Finance IV

Abdul Hakim
Michael McAleer
Modelling the interactions across international stock, bond and foreign exchange markets
Heidi RyooArbitrage opportunity in the foreign exchange market
Ariful Hoque
Felix Chan
Meher Manzur
Efficiency of the foreign currency options market
E.J. Wilson
H.A. Marashdeh
Are cointegrated stock prices consistent with the efficient market hypothesis?

Session 25 - Applied Econometrics

Albert Wijeweera
Brian Dollery
Corruption and foreign direct investments: A panel analysis

Owen Chih-Hung Ho


The performance of foreign funded enterprises and State-owned enterprises in China

Robert Fildes
Gary Madden Joachim Tan
Aggregate selection, data characteristics and choice of optimal model
Jan van Ours
Jenny Williams
Cannabis prices and dynamics of cannabis use

Session 26 - Theory II

Debajyoti ChakrabartyEndogenous time preference and inequality
Nicolas de Roos
Yianis Sarafidis
Decision making under risk in Deal or No Deal
Suren Basov
Svetlana Danilkina
Quality and product variety in a monopolistic screening model with nearly rational consumers
Graeme J. DooleNumerical optimisation of multiple-phase systems incorporating transition costs

Session 27 - Macro III

Jan LibichInflexibility of inflation targeting revisited: Modelling the 'Anchoring' effect
Gilles Dufrénot
Roselyne Joyeux Anne Péguin-Feissole
Which predictor is the best to predict inflation in Europe: the real money-gap or a nominal money based indicator?
Peter Robertson Richard G. HarrisDynamic adjustments to global shocks: Australia and the USA
Kenneth W. Clements
Renee Fry
Commodity currencies and currency commodities

Session 28 - Labour Economics III

Siobhan AustenEmployment transitions by mid life Australian women
Stephen L. CheungA test of employer learning in the labour market for young Australians
Kelly JarvisThe relationship between employment and job vacancies
Roger WilkinsPersonal and job characteristics associated with underemployment

Session 29 - Productivity II

Sarah Hugo
Jay Squalli
Kenneth Wilson
An examination of Australian growth competitiveness
Jyoti Rahman
Gene Tunny
Estimating trends in Australia's productivity
Bryn BattersbyDoes distance matter? The effect of geographic isolation on productivity levels
Simon Ville
Abbas Valadkhani
Analysing the comparative performance of Australian universities under the unified national system, 1992-2003

Session 30 - Social Policy III

Pataporn SukontamarnMicro-credit, fertility decisions, and women's empowerment in Bangladesh
Pushkar Maitra
Anu Rammohan
Diane Dancer
The link between infant mortality and child nutrition in India: Is there any evidence of gender bias?
Alexis Esposto
G.A. Meagher
The future demand for employability skills: A new dimension to labour market forecasting in Australia

Wednesday 27 September 2006

Session 31 - Social Policy IV

Chikako YamauchiGovernance and delivery of anti-poverty program
Paul Blacklow
Imran Church
Fertility choices of Australian couples
M. Pahlavani
R. Verma
E. Wilson
The role of capital formation and saving in promoting economic growth in Iran
Hielke Buddelmeyer, John Freebairn
Guyonne Kalb
Evaluation of policy options to encourage welfare to work

Session 32 - Contracts and Governance

Ben White
Jananee Raguragavan
Robert C. Chambers
Contracts for land retirement under asymmetric information
Brishti GuhaHonesty and intermediation: Corporate cheating, auditor involvement and the implications for development

Session 33 - Labour Economics IV

Anh T. LeTertiary entrance scores: Extra points for immigrant children?
Prem Jung Thapa Tue GørgensA duration analysis of the time taken to find the first job for newly arrived migrants in Australia
Katy Cornwell
Brett Inder
Are migrants unusually successful in the labour market?
Buly A. Cardak
Chris Ryan
Why are high ability individuals from poor backgrounds under-represented at university?

Session 34 - Macro IV

Nicolaas Groenewold
Guoping Lee
Anping Chen
Inter-regional output spillovers in China: Disentangling national from regional shocks
Hernán VallejoA theory of natural market structures: Regulation, R & D, FDI, international trade and a few curiosities
Rod Falvey
Zhihong Yu
David Greenaway
To be or not to be? Survival of foreign firms and local productivity uncertainty
Thomas Gries
Wolfgang Eggert Gerhard Sievert
Axel Wieneke
Persistent bank concentration and limited growth of SMEs in Russia

Session 35 - Immigration II

John SalerianEconomic impacts of skilled migration
G. Cuxson James GieseckeEconomic effects of an increase in the skilled migration program
Harry ClarkeThe case for targeting skilled migrants

Session 36 - Environment

Natalie Stoeckl
Owen Stanley
Vicki Brown
Sue Jackson
Anna Straton
Social and economic values associated with Australia's tropical rivers
Khorshed Alam Dora MarinovaSustainability and river restoration
Adrian KempPolicy implications of increased inter-state water trading in the presence of environmental externalities

Session 37 - Growth

Jakob B. MadsenGrowth and capital deepening since 1870: Is it all progress?
Yapa M.W.Y. BandaraStructural transformation and TFP growth in manufacturing: The case of Sri Lanka
Graeme Wells Thanasis StengosEstimates of technology and convergence: Simulation results

Session 38 - Fisheries I

Peter Rogers
Neil Thomson
From economics to management: The lessons of transition in managed fisheries in Western Australia
Paul McLeod, John Nicholls Robert LindnerSocially optimal allocation of fish resources among competing uses. A dynamic allocation model applied to Western Australia's Abalone fishery
Tom Kompas, Tuong Nhu Che
R. Quentin Grafton
Fisheries instrument choice under uncertainty
Elizabeth PetersenEstimating wholesale demand for live reef food fish in Hong Kong

Session 39 - Fisheries II

SathiendrakumarAn evaluation of fisheries policies available to Australia for the management of Southern Blue Fin Tuna fishery
Dinty MatherEfficiency and fisheries management systems

Session 40 - Natural Resources

Donna Brennan
Sorada Tapsuwan
Gordon Ingram
The welfare costs of urban outdoor water restrictions
Teresa StewartLogging on: Victoria's first online auction of native timber
Mary GrahamIncorporating environmental impacts into productivity analysis: The case for nitrogen leaching in the Australian dairy industry
Tiho Ancev
Regina Betz
Load-based licensing: Getting the rates right

Session 41 - Taxation Issues

Elizabeth ManningEffective marginal benefit - the peculiar case of the Australian armed forces and the Medicare levy
Jeff PopeThe political economy of personal income tax reform in Australia
Geoffrey KingstonTax reform: A different view
Bruce Felmingham, Yong Hong Yan, Natalie Jackson Maggie WalterEarly retirement biases in the funding of Australian retirement

Session 42 - Labour Economics V

Denise Doiron
Tue Gørgens
State dependence in youth labor market experiences and the evaluation of policy interventions
Alfred Michael Dockery
Luke Elliott
Are the 'hidden unemployed' unemployed?
Ted MillerAccounting framework for societal cost-outcome analyses of morbidity reduction

Session 43 - International Trade II

Helen Cabalu
U-Primo Rodriguez
When policymakers don't get it right: Evidence from the Philippine 2005 tariff reform
George VerikiosThe costs of global tariff barriers on wool products
Alec Zhi ZuoDid foreign direct investment (FDI) augment the backward linkages? An empirical study of fourteen Chinese industrial sectors

Session 44 - Banking

John SimpsonExpert political risk opinions and banking system returns: A revised international banking market model
Meliyanni Johar
Anu Rammohan
Demand for microcredit by Indonesian women
Bruce Q. Budd Catherine R. BuddDoes record profitability necessarily reflect high efficiency performances: An empirical investigation of UAE local banks?
Gert van der WesthuizenEstimating technical and scale efficiency of banks using balance sheet data: A South African case

Session 45 - Social Policy V

Stephen WhelanHousing assistance and labour market outcomes in Australia
A.M. Dockery
Paul Flatau
Rachel Ong
Gavin Wood
Welfare reform, housing assistance and effective marginal tax rates
Peng YuLow earnings: A sticky stepping-stone for Australian unemployment benefit recipients
Gavin A. Wood
Rachel Ong
A.M. Dockery
What has determined longer run trends in public housing tenants' employment participation 1982-2002?
Curtin University of Technology