The Economics Working Paper Series is a publishing program of the Economics Discipline in the School of Economics and Information Systems to present work-in-progress by staff, visitors and students to a wider academic audience. The Series is currently edited by Dr Elias Sanidas. Papers submitted to the Series have undergone a process of peer review. Papers published prior to 1998 are available only in printed form. Papers from 1998 onwards are available online in PDF format from the School site here as well as from Research Papers in Economics (RePEc) and EconPapers.

Working Paper Series Contact: Dr Elias Sanidas, 4421 5351. email:

Papers from 2009

The financial sector and economic growth, A. Cooray

Regulating financial innovations without apology, E. Pol

Papers from 2008

Exploring student engagement for Generation Y: a pilot in Environmental Economics, A. Hodgkinson and A. Percy

Environmental Concern and Rational Production, Consumption and Rehabilitation, A. Levy

Ramsey with Environmental Awareness, A. Levy

Technical efficiency in Botswana’s financial institutions: a DEA approach, B. Moffat and A. Valadkhani

Identifying productivity change in Botswana’s financial institutions: an application of Malmquist productivity indices, B. Moffat, A. Valadkhani, and C. Harvie

The Australian Labour Market in 2007, M. O'Brien, A. Valadkhani, and K. Townsend

An Empirical Analysis of Sustainability of Trade Deficit:Evidence from Sri Lanka, N. Perera and R. Verma

Travail to No Avail? Working Poverty in Australia, D. Robson and J. R. Rodgers

Changes in Poverty Rates During the Howard Era, J. R. Rodgers, P. Siminski, and J. Bishop

Do Government Benefits for High Income Retirees Encourage Saving?, P. Siminski

The Price Elasticity of Demand for Pharmaceuticals amongst High Income Older People in Australia: A Natural Experiment, P. Siminski

The Recipient Value and Distributional Impact of the Commonwealth Seniors Health Card in 2007, P. Siminski

What Would the Average Public Sector Employee be Paid in the Private Sector?, P. Siminski

Identifying the Most Research Intensive Faculties of Business in Australia: A Multidimensional Approach, A. Valadkhani and S. Ville

Social Innovation: Buzz Word Or Enduring Term?, S. Ville and E. Pol

Papers from 2007

An Empirical Analysis of the Thai and Major International Stock Markets, S. Chancharat and A. Valadkhani

Testing for the Random Walk Hypothesis and Structural Breaks in International Stock Prices, S. Chancharat and A. Valadkhani

Are The Real Exchange Rate Indices of Australia Non-Stationary in the Presence of Structural Break?, K. Chowdhury

Balassa-Samuelson Effect Approaching Fifty Years: Is it Retiring Early in Australia?, K. Chowdhury

Pair-Wise Output Convergence in East Asia and the Pacific: An Application of Stochastic Unit Root Test, K. Chowdhury and G. Mallik

Testing the Keynesian Proposition of Twin Deficits in the Presence of Trade Liberalisation: Evidence from Sri Lanka, K. Chowdhury and A. S. Saleh

Composition of Trade between Australia and Latin America: Gravity Model, M. Cortes

Examining Patterns of Bilateral Trade between Australia and Colombia by Using Cointegration Analysis and Error-Correction Models, M. Cortes

Lebanon’s Fiscal Crisis and Economic Reconstruction after War: the case of a bridge too far?, C. Harvie and A. S. Saleh

An initial push for successful transition from import substitution to export-orientation in Taiwan and China: The FDI-led hypothesis, K. Jayanthakumaran and S. W. Lee

A Mean-Variance Portfolio Analysis of the Demand and Supply of a Potentially Infectious Service, A. Levy

A theoretical analysis of rational diet of healthy and junk foods, A. Levy

Wealth, Social Capital and Happiness: The Case of Status Sensitive People, A. Levy

Optimal Control of Locusts in Subsistence Farming Areas, A. Levy and M. R. Caputo

New Developments in the Australian Labour Market in 2006, M. O'Brien, A. Valadkhani, P. Waring, and R. Denniss

An Appreciative Model of Schumpeterian Evolution, E. Pol

Statistically Significant Changes in the Poverty-Rate, 1997-98 to 2002-03, J. R. Rodgers

The Determinants of Price in Online Auctions: More Evidence from Quantile Regression, C. H. Sun and M. F. Hsu

Macroeconometric Modelling in an Oil Exporting Country: The Case of Iran, A. Valadkhani

A Disciplinary Analysis of the PhD Completions in Australian Universities, A. Valadkhani and S. Ville

Papers from 2006

Sources of Economic Growth in South Korea: An Application of the ARDL Analysis in the Presence of Structural Breaks – 1980-2005, C. Harvie and M. Pahlavani

Testing for Structural Breaks in the Korean Economy 1980-2005: An Application of the Innovational Outlier and the Additive Outlier Models, C. Harvie and M. Pahlavani

Identifying Structural Breaks in the Lebanese Economy 1970-2003: An Application of the Zivot and Andrews Test, C. Harvie, M. Pahlavani, and A. S. Saleh

Australia and New Zealand CER Agreement and Breakpoints in Bilateral Trade: An Application of the Wald-type Test, K. Jayanthakumaran and M. Pahlavani

Structural Breaks in Trade and Income Per Capita in ASEAN-5 Countries: An Application of Innovational Outlier Models, K. Jayanthakumaran and M. Pahlavani

A Theory of Relative Deprivation and Myopic Addiction, A. Levy

Junk Food, Health and Productivity: Taste, Price, Risk and Rationality, A. Levy

Optimal Control of Locusts in Subsistence Farming Areas, A. Levy

Partnership with Partial Commitment, A. Levy

Sincere Social Capital with Material Status Sensitivity: Index and an Inverted U-Shaped Utility-Wealth Theory, A. Levy

Depression and Substance Abuse: A Rationalization of a Vicious Cycle, A. Levy and J. R. Faria

Revisiting Budget and Trade Deficits in Lebanon: A Critique, H. Marashdeh and A. S. Saleh

The Social Capital Experience of International Students in Australia: The Wollongong Experience, F. Neri and S. Ville

The Youth Labour Market in Australia – Implications From Work Choices Legislation, M. O'Brien

Innovation in Small and Medium-Sized Enterprises: A Study of Businesses in New South Wales, Australia, J. Olsen, B. C. Lee, and A. Hodgkinson

Chronic and Transitory Poverty in Australia 2001-2004, J. R. Rodgers and J. L. Rodgers

SME Development in Malaysia: Domestic and Global Challenges, A. S. Saleh and N. O. Ndubisi

Islamic Banking Performance in the Middle East: A Case Study of Jordan, A. S. Saleh and R. Zeitun

The Huddle/Tangle Hypothesis of Regional Integration: The Case of the European Union and Its Enlargement, E. Sanidas

The Impact of Large Firms in Promoting Economic Growth, Exports and Regional Integration: A Chandlerian Perspective with Emphasis on East Asia, E. Sanidas

The Long Term Fate of Korea and Other “Small” Economies in East Asia: Economic Development, Integration Issues, and Political Power, E. Sanidas

The Consequences of Trade Liberalisation on the Australian Passenger Motor Vehicle Industry, E. Sanidas and K. Jayanthakumaran

Labour Productivity in Iran, A. Valadkhani

Unemployment Conundrum in Iran, A. Valadkhani

What Determines the Demand for Money in the Asian-Pacific Countries? An Empirical Panel Investigation, A. Valadkhani

The Interplay Between the Thai And Several Other International Stock Markets, A. Valadkhani, S. Chancharat, and C. Harvie

Modelling the Research Output of Australian Universities by Discipline, A. Valadkhani and S. Ville

The Equity Premium Puzzle: Australia and the United States in Comparative Perspective, S. Ville

A New Macroeconomic Time Series: Business Profitability in Twentieth-Century Australia, S. Ville and D. Merrett

Papers from 2005

Korea’s Fading Economic Miracle 1990-97, C. Harvie and H. H. Lee

Assessing the Impact of the Workplace Relations Act From 1996 to 2004: Increasing Flexibility or Decreasing Collectivism?, A. Hodgkinson and R. Markey

The Impact of Unilateral and Regional Trade Liberalisation on the Intra-ASEAN 5 Founding Nations’ Exports and Export-GDP Nexus, K. Jayanthakumaran and E. Sanidas

Deterrence Capacity, Relative Performance, Adjustment Costs, Hazard, Killing Aversion and the Optimal Enlistment Age, A. Levy

Health-Risking Informal Service: Price, Prevalence and Law Enforcement, A. Levy

Do Students Benefit From Supplemental Education? Evidence From a First-Year Statistics Subject in Economics and Business, D. Lewis, M. O'Brien, S. Rogan, and B. Shorten

Stock Market Integration in the MENA Region: An Application of the ARDL Bounds Testing Approach, H. Marashdeh

Structural Changes in the Middle East Stock Markets: The Case of Israel and Arab Countries, H. Marashdeh and E. J. Wilson

Older Male Workers and Job Mobility in Australia, M. O'Brien

Analysing the Trade-GDP Nexus in Iran: A Bounds Testing Approach, M. Pahlavani

The Relationship Between Trade and Economic Growth in Iran: An Application of a New Cointegration Technique in the Presence of Structural Breaks, M. Pahlavani

Testing for Structural Breaks in Australia’s Monetary Aggregates and Interest Rates: An Application of the Innovational Outlier and Additive Outlier Models, M. Pahlavani, A. Valadkhani, and A. Worthington

Structural Changes in the Iranian Economy: An Empirical Analysis with Endogenously Determined Breaks, M. Pahlavani, E. Wilson, and A. Valadkhani

The Double Paradox of Elementary Economics Education, E. Pol and P. Carroll

Ranking of Australian Economics Departments Based on Their Total and Per Academic Staff Research Output, Joan R. Rodgers and A. Valadkhani

Export Performance and Destination Characteristics of Irish Manufacturing Industry, F. Ruane and J. Sutherland

The Australian Dollar’s Long-term Fluctuations and Trend: The Commodity Prices-cum-Economic Cycles Hypothesis, E. Sanidas

ARDL Modelling Approach to Testing the Financial Liberalisation Hypothesis, M. B. Shrestha and K. Chowdhury

A Sequential Procedure for Testing Unit Roots in the Presence of Structural Break in Time Series Data, M. B. Shrestha and K. Chowdhury

Macroeconometric Modelling: Approaches and Experiences in Developing Countries, A. Valadkhani

Pre- and Post-Dynamic GST Effects on Goods and Services Included in the CPI Basket, A. Valadkhani

Which Industries Create More Employment? A Cross-Country Analysis, A. Valadkhani

Export Price Volatility in Australia: An Application of ARCH and GARCH Models, A. Valadkhani, A. P. Layton, and N. D. Karunaratne

Multiple Structural Breaks in Australia’s Macroeconomic Data: An Application of The Lumsdaine and Papell Test, A. Valadkhani, A. P. Layton, and M. Pahlavani

An Analysis of the Output and Conversion Matrices of Australia’s Economy, A. Valadkhani and T. Robinson

Ranking and Clustering Australian University Research Performance, 1998-2002, A. Valadkhani and A. Worthington

A Multivariate Analysis of Savings, Investment and Growth in India, R. Verma and E. J. Wilson

Savings, Investment, Foreign Inflows and Economic Growth of the Indian Economy 1950-2001, R. Verma and E. J. Wilson

The Distribution of Research Performance Across Australian Universities, 1992-2003, And Its Implications For Higher Education Funding Models, S. Ville, A. Valadkhani, and M. O'Brien

Catastrophic Shocks and Capital Markets: A Comparative Analysis by Disaster and Sector, A. Worthington and A. Valadkhani

Papers from 2004

Convergence of Per Capita GDP Across SAARC Countries, K. Chowdhury

Deficit Financing in LDCs: Evidence From South Asia, K. Chowdhury

East Asian SME Capacity Building, Competitiveness and Market Opportunities in a Global Economy, C. Harvie

Regional Economic and Monetary Integration: A Modelling and Policy Analysis, C. Harvie