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Why Not Grow Pineapples in Hobart? Making Choices in Australia's Schools
In: Agenda: a journal of policy analysis & reform, Band 2, Heft 2
ISSN: 1447-4735
Finding films and videos made in Vietnam in Australia
In: Asian studies review, Band 15, Heft 1, S. 174-175
ISSN: 1467-8403
Sectoral Wage Patterns, Individual Earnings and the Efficiency Wage Hypothesis
In: Economics of Wage Determination; Studies in Contemporary Economics, S. 125-127
Keynes on Ex-ante Saving and the Rate of Interest
In: History of political economy, Band 20, Heft 1, S. 107-118
ISSN: 1527-1919
Professor Shackle and the Liquidity Preference Theory of Interest Rates
In: Journal of economic studies, Band 12, Heft 1/2, S. 89-106
ISSN: 1758-7387
Professor Shackle has long maintained both the originality of the liquidity preference theory of interest rates and its paramount importance for macroeconomics. He has argued, for example, that:
The Portfolio Selection Approach and Short‐Run Econometric Models of Capital Flows and the Foreign Exchange Market: A Theoretical Analysis
In: Journal of economic studies, Band 8, Heft 2, S. 3-24
ISSN: 1758-7387
This study attempts to provide a systematic theoretical analysis of the portfolio selection approach to the determination of inter‐regional and international capital flows, and to identify the implications of this analysis for the appropriate specification of short‐run econometric models of the foreign exchange market.
Economics of devolution/decentralization in the UK: Some questions and answers
In: Regional studies: official journal of the Regional Studies Association, Band 39, Heft 4, S. 477-494
ISSN: 1360-0591
Two reviews
In: Asian studies review, Band 15, Heft 1, S. 170-174
ISSN: 1467-8403
Economics of devolution/decentralization in the UK: some questions and answers
In: Regional studies, Band 39, Heft 4, S. 477-494
ISSN: 0034-3404
The Demand for Industrial Development Certificates and the Effect of Regional Policy
In: Regional studies: official journal of the Regional Studies Association, Band 23, Heft 4, S. 301-314
ISSN: 1360-0591
BUFFER‐STOCK MONETARISM AND THE THEORY OF FINANCIAL BUFFERS*
In: The Manchester School, Band 53, Heft 4, S. 385-403
ISSN: 1467-9957
Greening regional development: employment in low-carbon and renewable energy activities
In: Regional studies: official journal of the Regional Studies Association, Band 51, Heft 8, S. 1270-1280
ISSN: 1360-0591
Balanced Budget Government Spending in a Small Open Regional Economy
Scotland is engaged in a lively and on-going debate on greater fiscal autonomy and independence, which is politically controversial, especially in respect of tax-varying powers. The Scottish Parliament has the power to make a balanced-budget adjustment in public expenditure by varying the basic rate of income tax. While this power has not so far been used, there is considerable pressure further to increase the fiscal powers of the Scottish Government. The object of this paper is to explore and quantify a number of typical balanced-budget government spending shocks. Here we seek to draw on lessons from recent macroeconomic analyses of fiscal policy, but we adapt them to an explicitly regional context. The regional dimension of the analysis is captured through application to a regional economy characterised by: highly open goods markets in which import and export to GDP ratios are much higher than for the national economy; highly open labour markets characterised by the presence of migration and national and regional wage bargaining institutions; financial markets that are perfectly integrated with the national economy with which the region shares a permanently fixed exchange rate. Furthermore, the macroeconomic "closures" of the model are those appropriate to a region, reflecting an institutional structure in which, for example, the system of national transfers moderates the operation of regional adjustment mechanisms. We develop an intertemporal variant of, AMOS, a computable general equilibrium (CGE) model for Scotland to explore the kinds of balanced-budget fiscal expansions that the Scottish Government could pursue. In response to a balanced budget fiscal expansion the model suggests that: an increase in current government purchase in goods and services has negative multiplier effects only if the elasticity of substitution between private and public consumption is high enough to move downward the marginal utility of private consumers; public capital expenditure crowds in consumption and investment but crowding out effects might arise in the short-run if agents are myopic. The distinctive results for public capital expenditure suggest that the current restriction on the composition of Scottish government expenditures is a very significant one.
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The Importance of Revenue Sharing for the Local Economic Impacts of a Renewable Energy Project: A Social Accounting Matrix Approach
In: Regional studies: official journal of the Regional Studies Association, Band 45, Heft 9, S. 1171-1186
ISSN: 1360-0591