Economic Papers - Economic Society of Australia articles from June 2004

Economic Papers - Economic Society of Australia archives from June 2004

Apparently contradictory superannuation choices among younger fund members: a misunderstanding of risk?
June 1, 2004... This paper reports on a survey of fund members who were simultaneously given a particular and restricted choice of fund, between an existing defined benefit fund (DBF) or a new defined contribution fund (DCF), and investment choice within the...

Health insurance--universal cover or a safety-net? A critique.
June 1, 2004... Health insurance is a logical response to the highly variable need for health care. But expected need for health care is not random, being related to characteristics such as age, gender and previous health care utilisation. Thus an entirely...

Is injury compensation excessive?
June 1, 2004... In Australia, excessive awards in personal damage cases are widely perceived to have created a public liability crisis and cuts in valued services. This paper analyses whether awards for damages are excessive. The paper starts by setting out a...

Forex dealers' perspectives on exchange rate determination in Korea.
June 1, 2004... This paper reports on a survey of dealers in the Korean foreign exchange market. The trade balance and foreign portfolio investment are reported to be the two most important variables in determining the exchange rate. Although dealers believe...

Is there a long-run relationship between exports and imports? Evidence from two Pacific Island Countries.
June 1, 2004... The aim of this paper is to investigate whether there is long-run relationship between exports and imports for two Pacific Island Countries--Fiji and Papua New Guinea (PNG). This is an important issue because long-run convergence will ensure...

How much R&D should Australia undertake?(Research and Development)
June 1, 2004... This paper explores the debate on R&D policy in Australia via an analysis that compares the level of R&D in Australia to a cross-section of countries. Using survey data from the Global Competitiveness Report and economic data we find that R&D...

Arc linkage projects and research-intensive organizations: are research-intensive organizations likely to participate?
June 1, 2004... In the modern knowledge economy the development of collaborative research between industry and universities is critical to success. In Australia one mechanism for encouraging such collaboration is via the ARC Linkage Grant Scheme. Under this...

Fiscal equalisation in Australia: proposals for an efficiency-based system.
June 1, 2004... We argue that Australian equalisation should be driven by efficiency concerns. To this end, we propose an efficiency-based equalisation model and argue that, if implemented, this model would yield welfare gains in all States, relative to the...