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Australia is experiencing its largest mining boom for more than a century and a half. This paper explores, from a national perspective, important economic differences that arise when a mining boom, such as the current one, is generated by sustained export price increases (trading gains)...
This paper examines the effect of neighborhood diversity on the nativity gap in home-value appreciation in Australia. Specifically, immigrant homeowners experienced a 41.7 percent increase in median home values between 2001 and 2006, while the median value of housing owned by the native-born increased by...
This paper presents a general model of the interaction between settlement and the emergence of de facto property rights on frontiers prior to governments establishing and enforcing de jure property rights.
Settlers have an incentive to establish de facto property rights to avoid the...
Australia’s National Drought Policy is considered to be one of the most advanced in the world, recognising as it does the reality of climate and focusing on adapting farm management to climatic uncertainty rather than simply subsidising agriculture in low rainfall areas. But while the...
Review of recent development in the field of econometrics and summative program evaluation. A central feature of recent developments is the attempt to allow for program impacts that vary across individuals. This contrasts with earlier econometric approaches which implicitly assumed a homogenous treatment effect.
Under the National Drought Policy, created in 1992, federal government support for farmers comes predominantly in two forms: interest rate subsidies and a special welfare payment. Support under these programs is only available to farmers in defined areas which have been declared to be experiencing...
This paper presents evidence on a national-level electricity ladder which sees countries transition toward coal and natural gas, and finally nuclear power and modern renewables such as wind power, for their electricity needs as they develop.
The extent to which countries climb the electricity...