Economic Papers - Economic Society of Australia articles from June 2007

Economic Papers - Economic Society of Australia archives from June 2007

The two tribes of 'the econ': a study of economists and economic media commentary in Australia.
June 1, 2007... Economists must leave to Adam Smith alone the glory of the quarto, must pluck the day, fling pamphlets to the wind (Keynes, 1972, 199). This article analyses and speculates upon an interesting but unsettling development within the...

Instititional change and economic growth: the evolution of water rights in Victoria, Australia 1850-1886.
June 1, 2007... This paper provides a preliminary exploration of the role of adaptive efficiency and institutional learning as the basis for long-run economic growth in Australia by means of an analysis of the institutional changes in water rights between 1850...

Tax reform: a different view.
June 1, 2007... The mainstream view of tax reformers in Australia is that dropping our top personal tax rate closer to our corporate rate is the best way to use persistent budget surpluses in order to promote national prosperity. Yet the international evidence...

Price and efficiency effects of taxes and subsidies for Australian housing.
June 1, 2007... This paper quantifies the major subsidies and taxes that affect housing, the impacts on house prices and housing consumption, and the efficiency effects. Private housing receives an estimated net subsidy of $6.3 billion per annum. Most of this...

National exuberance: a note on the Melbourne Cup effect in Australian stock returns.
June 1, 2007... This note examines the presence of a Melbourne Cup effect in Australian daily stock returns over the forty-five years from 3 January 1961 to 30 December 2005. First run in 1861, the Melbourne Cup is Australia's premier horse race and one of the...

Does the stock market act as a signal for real activity? Evidence from Australia.
June 1, 2007... Binswanger (2000) concluded that traditional links between stock market performance and two major macroeconomic indicators, production and GDP, broke down in the most recent US bull market. Australia's stock market also took off in the early...