Australia has experienced frequent and large commodity export price shocks like Third World commodity exporters, but this price volatility has had much more modest impact on economic performance. Why? This paper explores Australian terms of trade volatility since 1901. It identifies two major price shock episodes before the recent mining-led boom and bust. It assesses...

Using a panel of 81 source countries for the years 1971 to 1998, this paper develops and estimates a model to explain the level and source country composition of immigration to the United States since the early 1970s. It includes variables so far neglected in existing work, examines more countries over a longer period than...