Annual Report

2005

School of Economics The University of Queensland Brisbane Qld 4072

SCHOOL OF ECONOMICS The University of Queensland Brisbane Qld 4072 Australia

Tel: +61 7 3365 6570 Fax: +61 7 3365 7299

Email: [email protected] Internet: http://www.uq.edu.au/economics/

ISSN 1832-8652

ANNUAL REPORT 2005

CONTENTS

2005: Summary...... 1 School Mission Statement...... 2 School Staff 2005...... 4 Staff Profiles...... 7 Visitors to the School ...... 23 School Seminar Program ...... 24 Seminar & Conference Presentations ...... 26 Publications...... 32 Grants for Research Operating in 2005...... 45 Research Candidates ...... 47 Coursework Economic Projects & Theses Completed in 2005 ...... 53 PhD, MPhil and MEcon Theses Awarded in 2005...... 54 Undergraduate & Graduate Courses Offered in 2005 ...... 55

2005: Summary

This report provides a summary of research and related activities in the School of Economics in 2005.

In 2005, the School of Economics, once again, performed outstandingly on all fronts.

The publication list of the School is long and extensive and includes articles in a range of premier academic journals. Twelve competitive research grants (with ten of them funded by the ARC) provided external funding for research in 2005.

The School continued to be a major provider of research training in economics. In 2005, there were fifty nine PhD candidates in the School of which five graduated in the course of the year. In addition, some staff were associate supervisors of a number of PhD students in other UQ Schools.

Research and teaching are highly complementary activities. In 2005, well over 100 courses were offered by the School at all levels. This was the most comprehensive and diverse range of economics courses offered in Australia in that year. The main national survey of graduate experiences (CEQ) in 2005 placed the School first in the Australian Group of Eight research intensive universities in terms of overall satisfaction amongst graduates who were awarded a degree in the field of economics in 2004.

Of course, all the credit for these achievements lies with our outstanding academic and administrative staff.

Sadly, Dr George Kenwood, a former member of staff and former Head of School, passed away suddenly on 14 December 2005.

Since retiring in June 1989 Dr Kenwood had been an Honorary Research Consultant.

Dr Kenwood was one of the School's Economic Historians. He authored the textbook Australian Economic Institutions Since Federation (1995), and Capital formation in north east England, 1800-1913 (1985). In 1997 with Alan Lougheed he compiled a history of the School of Economics entitled Economics at The University of Queensland, 1912-1997, written on the occasion of the 50th anniversary of the School of Economics, 1947-1997. With Alan Lougheed he co-wrote Technological diffusion and industrialization before 1914 (1982) and The growth of the international economy 1800-2000 (1999).

Professor John Foster Head of School

School of Economics, The University of Queensland 1

Mission Statement

MISSION The School of Economics is committed to maintaining a high standard in economic research, teaching, community service and professional service.

Research Objectives • To develop research capabilities across the broad range of economics of particular benefit to Queensland and Australia. • To develop expertise in selected areas of research in which the School aims to have a leading Australian or international position. • To work in emerging, or ‘frontier’, areas of theoretical and empirical research. • Towards these ends, the School seeks to maintain a high publication rate in refereed journals and other publications of academic and professional significance. It will reward staff according to research performance and will appoint staff committed to fostering research. The School will promote research in collaboration with other universities and research bodies.

Teaching Objectives • To maintain the highest standards in teaching, in the development and transmission of knowledge and of research skills. • To reward staff with high levels of teaching performance and graduate supervision. • The School emphasises both rigour in economic analysis and comprehensive training in the application of economic statistics. It offers a range of courses necessary to ensure that our students receive a high quality degree and will be employable in both the public and private sectors.

Community and Professional Service • To provide community services in the economics area, particularly in Queensland, in fulfilment of our professional obligations to the community. Community service can be shown in several ways. For example, by appropriate types of contract research, consulting, contributions to conferences dealing with community issues, radio and newspaper contributions. • The School recognises its prominence as a professional teaching and research body in Queensland, and the obligations this brings in providing professional leadership in the State and, where appropriate, nationally and internationally.

2 2005 Annual Report

GOALS The Mission Statement leads to the following specific goals that form the basis of the School’s Strategic Plan.

1 To produce high quality research and scholarship and to publish in internationally refereed journals. 2 To maintain the highest academic standards in all our teaching programs. 3 To produce a strong flow of the highest quality professional and academic economists from our BEcon Honours, Masters by coursework, PhD and MPhil programs. 4 To produce a strong flow of BEcon graduates with economic skills that will make them highly effective and successful in a range of managerial, administrative and advisory occupations. 5 To ensure excellence in teaching in all our undergraduate and graduate programs. 6 To be recognised internationally as a ‘top three’ School of Economics in Australia. 7 To meet the needs of other Schools in the University for economics instruction in their respective programs in a responsive and innovative way. 8 To provide high quality information and advice to the University, the community and the economics profession. 9 To maintain a close and ongoing relationship with our alumni through participation in alumni events and the dissemination of materials informing alumni of activities and developments in the School. 10 To efficiently manage the resources of the School and to ensure financial viability in the future.

School of Economics, The University of Queensland 3

School Staff 2005

Professors Harry F. Campbell, MA St Andrews, PhD Queens Tim Coelli, BAppEcon, DipCompSci, PhD UNE John Foster, BA(Hons) Cov Poly, MA(Econ) Manc., PhD Manc. FASSA John Mangan, BEcon(Hons) Qld, MEcon Qld., DipEd Qld., MA Lancaster, PhD Lancaster John Quiggin, BA ANU, BEcon ANU, MEcon ANU, PhD ANU, FASSA, FAICD Prasada Rao, BA And., MA And., PhD IStatI, FASSA Jie Zhang, BA(Econ) Sichuan, MA Nankai, MA(Econ) W. Ont., PhD W. Ont.

Readers / Associate Professors Dr Philip M. Bodman, BA, MA Essex, PhD Queens Dr Richard P.C. Brown, BCom(Hons) Natal, MCom Natal, MA East Anglia, PhD Groningen Dr Joseph C.H. Chai, DipCom New Asia Coll., DipVolkswirt FU Berlin, Dr rer Pol FU Berlin Dr Chris Doran, BEcon(Hons) Newcastle, PhD Newcastle Dr Peter Earl, BA(Econ)(Hons) Cambridge, MA, PhD Cambridge Dr Stephen R. Harrison, QDA Qld Agr College, BAgrSc(Hons) Qld, BEcon Qld, PhD Qld Dr Ghanshyam B. Mehta, BA Bom, MA Berkley, PhD Berkley Dr Paul C. Riethmuller, BAgrSc Qld, MEcon Qld, PhD Minnesota Dr Kartik C. Roy, BA(Hons) Calc, MA(PolEc) Calc, PhD Gujarat, MEconSt Qld, PhD Qld Dr Guy West, B.Econ(Hons), MEconSt, PhD Qld (Ret. 06/05)

Senior Lecturers Dr Mohammad Alauddin, MA Rajshahi, Bangladesh, MEcon Adel, PhD Newcastle(NSW) Dr John Asafu-Adjaye, BSc Ghana, MSc Aston, PhD Alberta Mr L. Alan. Duhs, BEcon(Hons) Qld, BA Qld, MA Sus Dr Michael Graff, MA, PhD Hamburg Dr Sukhan Jackson, BA(Hons) Malaya, GradCertEd Hull, PhD Griff Dr Bruce Littleboy, BEcon(Hons) Qld, PhD Qld Dr Renuka Mahadevan, BSc Nat Uni Sing., DipEd Inst Ed, Sing., MEcon ANU, PhD ANU Dr Tom D. Mandeville, BScAg Alberta, MEcon NE, PhD Qld Dr Chris O’Donnell, BAgrEc(Hons) NE, MCom NSW, PhD Syd Dr Alicia Rambaldi, BRuralSc Córdoba, MSc Louisiana, PhD Louisiana

Lecturers Dr Rodney Beard, BA Griff, Diploma-Volkswirt Konstanz Mrs Averil Cook, BSc Syd, DipEd Syd, MEconSt Qld Mr Maurice Dwyer, BEcon Qld, MQual Qld, MEconSt Qld Dr Amanda Fitzgibbons, BA(Hons) Qld, PhD Qld, GCEd Qld Dr James Laurenceson, BEcon(Hons) Qld, PhD Qld, GCEd Qld Dr Gareth Leeves, BSc(Econ)(Hons) Leics, MSc(IndRel) Bath, PhD UNSW

4 2005 Annual Report Mr Stuart McDonald, BEcon(Hons) ANU, BA(Hons) Qld Dr Jason Potts, BCom(Hons) Otago, PhD Lincoln Dr Jacqueline Robinson, BA UWA, DipEd UWA, BEcon Qld, MEconSt Qld, PhD Qld Dr Sandy Suardi, BEc(Hons) ANU, MCom(Hons) Melb Dr Kam-Ki Tang, BSc(Hons) HKU, GDipAppEc Macquarie, MEc ANU, PhD ANU Mr David K. Willis BEcon(Hons) Leeds, MBA Bradford Dr Leopoldo Yanes, BA(Econ Hons) UCAB, MSc(Econ), PhD (Econ) LSE

Contract Lecturers Mr Maurice Dwyer, BEcon, MEconSt Qld Dr Neil Kay, BA(Econ Hons), PhD Stirling Dr Bill Richmond, BCom Melb, MSocSc Birm, PhD Qld

Chief Scientific Officer Mr Noel K. Fletcher, BEcon Qld, DipInfmProcessing Qld, MEconSt Qld

Research Fellows Dr Thilak Mallawaarachchi, MAgrEcon ANU, BSc(Hons) Peradeniya, PhD JCU Dr Philip Wild, BEcon(Hons), PhD UQ

Research Officer David Adamson, BAgrEc UNE, MAgrEc UQ

Postdoctoral Research Fellow Dr Giovanni B. Concu, BScEcon University of Sassari IT, MSc York UK, PhD UWA Dr Reza Hajargasht, BSc(AgEc), MSc(AgEc) Tehran Dr Mohammad Hossain, BSS(Econ), MSS(Econ) Chittagong Univ, MA(Econ) Western Illinois, PhD UQ Mark Neal, BAgrEc Syd Dr Jungo Suh, BA(Econ) Dongguk, MA (PolSci & Econ) Songnam, PhD Qld Dr Tyron Venn, BSc(Forestry) ANU, BEcon ANU, BEcon(Hons) UQ, PhD UQ

Honorary Research Consultants Dr George E. Docwra, BEcon (Hons), MEc Syd, DipEd Syd, PhD Qld Emer Prof Rodney C. Jensen, Professor Emeritus, QDAH Qld.AC, QDA Qld.AC, QDH Qld. AC, AEd Qld., BEcon Qld., MAgEc NE, PhD Qld. Dr Neil D. Karunaratne, BA Ceyl., MA Delhi, PhD Sus. Dr A. George Kenwood, BA Sheff, PhD Lond (deceased 14 December 2005) Emer Prof H.M. (Ted) Kolsen, BEc Syd., PhD Lond. Emeritus Professor Clement A. Tisdell, BCom(Econ) NSW, PhD ANU, FASSA

Honorary Professor Prof J. Stan Metcalfe, CBE, BA(Econ) Manchester, MSc Manchester Vani K. Borooah, BA(Econ Hons), MA(Econ) Bombay, PhD Southampton Prof Steve Bradley, BA Leeds, MA Lancaster, PhD Lancaster

Honorary Associate Professor Dr Robert A. Cage, BSc(Hons) Portland State, MA Oregon, PhD Glasgow

School of Economics, The University of Queensland 5 Adjunct Professors Dr Sally Driml, BSc(Hons) Griffith, MRegSc Qld, PhD ANU Mr E. John Hall, BCom UQ, BEcon UQ, MBA UQ

Administrative Staff Marion Tomes, BA Qld School Executive Officer Leonard Fitzpatrick, BCom GU, GDipAppFin Sec Inst Marketing and International Relations Officer Margaret Cowan Office Manager & Secretary to Head of School Craig Mosely Administrative Officer – Web Management Rachel Tutton, BEcon Qld, BA UQ, GDipEcon UQ Administrative Officer – 1st Year Tutorial Programs Julie Waldon Administrative Officer – Graduate Programs Nancy Wallace BA(Hons) JCU, BEc JCU Administrative Assistant Fran Ashton Administrative Assistant – CEPM & CEPA Marie Keynes Enquiries Office Supervisor Kaelene Matts Administrative Assistant Margaret Bell Enquiries Office Genevieve Larsen, BSc(AppPhys) UT Syd Administrative Assistant Lauren Vincent Enquiries Office Sue Hickey Administrative Assistant Suzanne Scott Administrative Assistant

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Staff Profiles

Areas of Expertise • natural resource economics • public finance and cost-benefit analysis • microeconomic theory • applied econometrics

Current Research Interests • commercial fisheries in Australia and Pacific region

Professor • recreational fisheries evaluation Harry F. Campbell, • policy MA (St Andrews), PhD • cost of public funds in Australia (Queens) Professional Membership • International Institute of Fisheries Economics and Trade (President) • Economic Society of Australia

Areas of Expertise • econometrics • production economics • productivity and efficiency analysis

Current Research Interests • econometric estimation of distance functions • performance measurement for regulation

Professor • performance measurement in agriculture Tim Coelli • primal measures of scope economies BAppEc(Hons) DipCompSci, • public sector performance measurement PhD (UNE) • aggregation of productivity measures

Professional Membership • Journal of Productivity Analysis (Editorial Board) • Agricultural Economics (Editorial Advisory Board)

Areas of Expertise • evolutionary economics • macroeconomics and it’s applications in monetary economics • labour economics

Current Research Interests • the macroeconomy as a complex adaptive system • application of self-organisation theory to statistical/econometric

Professor modelling in the presence of structural transition John Foster, • the theory of competition and competition policy BA (Cov Poly), MA(Econ), • legal and regulatory interactions with the process of economic PhD (Manc) FASSA evolution Head of School Professional Membership • Academy of Social Sciences in Australia (Fellow) • Clare Hall College, Cambridge (Life Member) • ESRC Centre for Research on Innovation and Competition • University of Manchester (Distinguished Associate) • International Joseph A. Schumpeter Society (Vice-President) • The University of Queensland Academic Board

School of Economics, The University of Queensland 7

Areas of Expertise • labour economics • regional economics • industrial economics

Current Research Interests • non-standard employment • unpaid for working time

Professor Professional Membership John E. Mangan, • International Journal of Manpower (Editorial Board) BEcon(Hons) (Qld), MEcon • Australasian Journal of Regional Studies (Joint Editor) (Qld), DipEd (Qld), MA (Lancaster), PhD • Focus on Economics (Co-editor for Oxford University Press) (Lancaster) • Research Director, Labour Market Research Group (DETIR) Director, Centre for Economic • Economic Modelling Advisory Group (Queensland Treasury) Policy Modelling Member • Labour Market Focus Group (Queensland Treasury) Member • Jobs Policy Council for Queensland (Member)

Areas of Expertise • risk and uncertainty • environmental and resource economics • agricultural economics • microeconomic reform • economic theory

Current Research Interests Professor • Murray-Darling Basin John Quiggin • state-contingent models of production and finance BA (Hons), BEcon (Hons), • uncertainty and sustainability MEcon, PhD (ANU), • Australian Economic Policy FASSA, FAICD

ARC Federation Fellow Professional Membership • Academy of Social Sciences in Australia (Fellow) • American Agricultural Economics Association (Fellow) • Australian Institute of Company Directors (Fellow) • Australian Economic Papers (Member, Editorial Board) • Australian Journal of Agricultural and Resource Economics (Member, Editorial Board) • Economic and Labour Relations Review (Member, Editorial Board) • Journal of Economic and Social Policy (Member, Editorial Board) • Journal of Economic Behavior and Organization (Member, Editorial Board) • Journal of Risk and Uncertainty (Member, Editorial Board)

8 2005 Annual Report

Areas of Expertise • applied econometrics • index numbers • income distributions and inequality measurement

Current Research Interests • international comparisons of real income, output and productivity Professor • measurement of regional and global inequality Prasada Rao • metafrontier models BA (And), MA (And), PhD • purchasing power parities for global and regional poverty (IStatl), FASSA measurement • consistent space-time comparisons of real income • agricultural productivity, growth and poverty

Professional Membership • Academy of Social Sciences of Australia (Fellow) • International Association for Research in Income and Wealth • International Statistical Institute • Econometric Society

Areas of Expertise • macroeconomics • public economics • growth and development

Current Research Interests • optimal taxation and public debt • income inequality and economic growth Professor • population aging and economic growth Jie Zhang, • optimal patents and subsidies in R&D growth models BA(Econ) (Sichuan), MA (Nankai), MA(ECON) , Professional Membership PhD (W. Ont.) • Canadian Economic Association • Western Economic Association

Areas of Expertise • macroeconomics • applied econometrics • international macroeconomics • labour economics

Current Research Interests • econometric modelling and dating of business cycles

Associate Professor • GDP and unemployment and international influences on the Dr Philip M. Bodman, Australian economy BA, MA (Essex), PhD • intertemporal analysis of the sustainability of deficits (Queens) • the relationships between trade, education, migration and economic growth • labour market matching and labour market efficiency • the economics of education, unemployment and the NAIRU • trade union membership • regional and international factor flows • income distribution • empirical aspects of fiscal federalism • the economics of crime

School of Economics, The University of Queensland 9

Areas of Expertise • applied development econometrics • cost-benefit analysis • international resource flows

Current Research Interests • international labour migration in the Asia-Pacific region • evaluation of public and private sector projects

Associate Professor • valuation of multiple-use natural resources using discrete Dr Richard P.C. Brown, choice modelling methodologies MCom (Natal), MA (East Anglia), PhD (Groningen)

Areas of Expertise • growth and development • trade and foreign direct investment • income distribution • transitional economies

Current Research Interests • reform of Chinese state-owned enterprises

Associate Professor • ’s modernisation experience, trade, environment and Dr Joseph C.H. Chai, foreign direct investment in the Asia-Pacific region Dipl Volkswirt (FU Berlin), Dr rer Pol (FU Berlin)

Areas of Expertise • economic evaluation • pharmacoeconomics • health policy • project design and implementation

Current Research Interests • disease modelling and cost-effectiveness • illicit opioid use in developed countries Associate Professor measuring poverty in Vietnam Chris Doran • BEcon(Hons) Newcastle, PhD • cost-effectiveness of dose administered aids Newcastle • contingent valuation and alcohol harm

10 2005 Annual Report

Areas of Expertise • economic psychology • growth of knowledge approaches to the firm • behavioural economics • post-Keynesian monetary economics • links between the areas of heterodox economics • economics of the car industry

Current Research Interests Associate Professor • introspective research methods and their application to Dr Peter Earl, economics MA, PhD (Cambridge) • business economics in terms of connections and complex systems • economics of product development and change

Professional Membership • Journal of Economic Psychology (Editorial Board) • Marketing Theory (Editorial Board) • Review of Political Economy (Editorial Board) • Information Economics and Policy (Editorial Board)

Areas of Expertise • natural resource and environmental economics • statistical methods • operations research

Current Research Interests • economics of forestry, recreation, water resources and energy • animal health economics

Associate Professor Dr Stephen R. Harrison, QDA (Qld Agr College), BAgrSc (Qld), BEcon (Qld), PhD (Qld)

Areas of Expertise • economic theory • Keynesian economics • philosophy and history of economic thought

Associate Professor Dr G.B. Mehta, BA (Bom), MA (Berkley), PhD (Berkley)

School of Economics, The University of Queensland 11

Areas of Expertise • applied microeconomics, specifically agricultural economics

Current Research Interests • Japanese agricultural policies • the Japanese distribution system • livestock industries in Asia

Professional Membership Associate Professor • Animal Science Journal (Editorial Board) Dr Paul C. Riethmuller, BAgrSc (Qld), MEcon (Qld), PhD (Minnesota), GCEd (Qld) Graduate Coursework Advisor, Graduate Coordinator

Areas of Expertise • economic theory • money banking and international finance • development planning • international trade and development economics • Australian economy • comparative economic systems and development • industrial relations • human resource development Associate Professor • environment and development Dr Kartik C. Roy, MA(Econ) (Calc), MA(PolEc) • technological change and rural poverty (Calc), PhD (Gujarat), • women’s studies MEconSt (Qld), PhD (Qld) • Asia-Pacific & Sub-Saharan economies

Areas of Expertise • econometric general equilibrium modelling

Current Research Interests • building and linking a Queensland econometric general equilibrium model

Dr Guy West BEcon(Hons), MEconSt, PhD (Qld) (Ret. 06/05)

12 2005 Annual Report

Areas of Expertise • applied microeconomics • development and environmental economics • economics education

Current Research Interests • explaining student perception of teaching • environmentalizing economics development

Senior Lecturer • explaining agricultural productivity differences among Dr Mohammad Alauddin, countries BA(Hons) (Rajshahi, Bangladesh), MA (Rajshahi, Bangladesh), MEcon (Adel), PhD (Newcastle), G.CertEd.

Areas of Expertise • environmental and natural resource economics • quantitative methods • computable general equilibrium (CGE) modelling

Current Research Interests • economic and environmental policy analysis of Asia-Pacific economies • modelling of Australia’s information economy using CGE Senior Lecturer • dynamic consumer demand modelling Dr John Asafu-Adjaye, • modelling of ecological and economic systems BSc (Ghana), MSc (Aston), PhD (Alberta)

Areas of Expertise • social economics • economic development • methodology of the social sciences

Current Research Interests • development economics • reforms in the tertiary education sector Senior Lecturer • economic philosophy Mr L.A. Duhs, • applied microeconomics BEcon (Qld), BA (Qld), MA • the Queensland economy (Sus)

Areas of Expertise • economic growth and development. • applied econometrics • business cycles and economic forecasts.

Current Research Interests • macroeconomics and international economics • applied and empirical work related to education/human capital, technology, financial activity Senior Lecturer • social, political and legal factors as determinants of economic Dr M. Graff performance and development MA(Sociology), PhD (Hamburg)

School of Economics, The University of Queensland 13

Areas of Expertise • the • international health in developing countries • health economics • economic development • industrial relations

Current Research Interests

Senior Lecturer • health financing in China Dr Sukhan Jackson, • rural health services in China BA (Malaya), GradCertEd • public health economics in developing countries (Hull), PhD (Griff) Graduate Coursework Advisor

Areas of Expertise • macroeconomic theory and policy, especially modern re- evaluations of Keynesian economics • Keynes’ political, economic and social philosophy

Current Research Interests • philosophy and methodology of economics • history of macroeconomic theory, social economics, economics and postmodernity

Senior Lecturer • the economics of fascism and national socialism Dr Bruce Littleboy BEcon (Qld), PhD (Qld)

Areas of Expertise • productivity growth analysis • time series and panel data analysis • computable general equilibrium modelling

Current Research Interests • applied econometrics work related to policy issues and Senior Lecturer development economics in Asia-Pacific economies Dr Renuka Mahadevan, BSc (Nat Uni ), DipEd (Inst Ed, Singapore), MEcon (ANU), PhD (ANU)

Areas of Expertise • economics of information and knowledge • economics of innovation and information technology • economics of intellectual property • regional economics

Current Research Interests • knowledge policy and management

Senior Lecturer • creative industries Dr Tom D. Mandeville, • the new, collaborative, networked economy BScAg (Alberta), MEcon • complexity theory and self organisation (NE), PhD (Qld) • knowledge and innovation

14 2005 Annual Report

Areas of Expertise • Bayesian econometrics • efficiency and productivity analysis • production economics • consumer demand analysis

Current Research Interests • equality- and inequality-constrained estimation Senior Lecturer • estimating distance functions Dr Chris O’Donnell • efficiency analysis in the presence of uncertainty BAgrEc(Hons)(NE), MCom (NSW), PhD (Syd) Professional Membership • Journal of Agriculture and Food Industrial Organization (Associate Editor) • Econometric Society • American Agricultural Economics Association • Australian Journal of Agricultural & Resource Economics (Editor)

Areas of Expertise • time series econometrics • state-space models • applied econometrics

Current Research Interests • state space models and the Kalman filter • incomplete panels

Senior Lecturer Dr Alicia Rambaldi, BRuralSc (Córdoba), MSc (LSU), PhD (LSU)

Areas of Expertise • game theory and mathematical economics • econometrics • operations research • experimental economics • computational economics • dynamic game theory • optimal control theory Lecturer • stochastic differential games Mr Rodney Beard, • nonparametric and continuous time econometrics BA (Griff), Diploma-Volkswirt • Monte-Carlo methods (Konstanz) Current Research Interests • agricultural resource and financial economics • the theory of Rural Organisation • public goods • common property • institutions

School of Economics, The University of Queensland 15

Areas of Expertise • non-market evaluation • travel cost analysis

Current Research Interests • non-market valuation of natural resources • recreation and • teaching and learning in large classes at tertiary level

Lecturer Mrs Averil Cook, BSc (Syd), DipEd (Syd), MEconSt (Qld)

Lecturer Areas of Expertise Dr Amanda Fitzgibbons • economic history, especially Australian BA(Hons) (Qld), PhD (Qld), • microeconomic reform GCEd (Qld) • economic reform and public policy processes • history of economic thought • complexity theory

Current Research Interests • financial deregulation in Australia • the economics of George Shackle and Complexity Theory • microeconomic reforms in Australia – historical and current

Areas of Expertise • finance in economic development • Asian economies

Current Research Interests • China’s international financial integration

Professional Membership • Association of Chinese Economic Studies (Australia) Lecturer Dr James Laurenceson, BEcon (Hons), PhD, GCEd, (Qld),

Areas of Expertise • labour economics • applied econometrics

Current Research Interests • the dynamics of labour market adjustment • absenteeism • turnover

Lecturer Dr Gareth Leeves, BSc(Econ) (Leics), MSc (Bath), PhD (UNSW)

16 2005 Annual Report

Current Research Interests • game theory and mathematical economics • operations research • computational economics • optimal control theory • stochastic processes

Current Research Interests Lecturer • mathematical finance Mr Stuart McDonald • public and regulatory economics BA(Hons) UQ, BEcon(Hons) • economics of information technology UQ

Areas of Expertise • economic evolution

Current Research Interests • evolutionary economics • complex systems theory • financial markets and bubbles • economics of nuclear energy

Lecturer • ontology Dr Jason Potts, • growth and development theory BCom (Otago), PhD (Lincoln) • micro-meso-macro

Areas of Expertise • applied natural resource management and evaluation of public sector investment projects utilising cost-benefit, input-output and multiple criteria analysis • identification and management of sources of market failure impacting on the environment

Current Research Interests • the development of decision-support techniques to assist the Lecturer evaluation of ecosystem service provision from wetlands Dr Jacqueline Robinson, • the design of incentives for the management of wetlands BA (UWA), DipEd (UWA), BEcon (Qld), MEconSt (Qld), PhD (Qld)

Areas of Expertise • financial economics • time series analysis • macroeconomics (including monetary and fiscal theory)

Current Research Interests • empirical modelling of short-term interest rates • nominal and real uncertainty • dynamics Lecturer • financial growth and development in Sub-Saharan African Dr Sandy Suardi economies BEc(Hons) (ANU), • modelling of nonlinearities in financial and macroeconomic MCom(Hons) (Melb) time series

School of Economics, The University of Queensland 17

Areas of Expertise • human capital and inequality • international economics

Current Research Interests • avoidable mortality • health inequality • population aging Lecturer Dr Kam-Ki Tang, BSc (HKU), GDipAppEc (Macquarie), MEc (ANU), PhD (ANU)

Areas of Expertise • financial interrelationships • financial institutions and efficiency • financial market volatility and market relationships • institutional economics

Current Research Interests • reforms in regulation and compliance within the financial sector Lecturer • global banking and financial institutions Mr David K. Willis • evolution of the superannuation sector in Australia BEcon(Hons) (Leeds), MBA • applied macro economics (Bradford)

Areas of Expertise • economic growth and international trade theory • game theory • microeconomic theory

Current Research Interests • endogenous product differentiation (vertical and horizontal), and it’s relationship to economic development and international trade Lecturer • link between industrial organisation, economic growth and Mr Leopoldo Yanes international trade Economist (UCAB), MSc, PhD (Econ) (LSE)

Current Research Interests • application of computers to problem solving • computer simulation • sample survey design • econometrics • tourism studies

Chief Scientific Officer Mr Noel K. Fletcher, BEcon (Qld), DipInfmProcessing (Qld), MEconSt (Qld) Academic Advisor (Undergraduate Students) in the Faculty of Business, Economics and Law

18 2005 Annual Report

Areas of Expertise • natural resource economics • choice modelling

Current Research Interests • non-market values of natural resources • forest industry development in developing countries • issues in sustainable development • tourism economics and regional development

Postdoctoral Research Fellow Dr Jungho Suh BA(Econ)(Dongguk), MA (PolSci & Econ) (AKS), PhD (Qld)

Areas of Expertise • environmental and ecological economics • natural resource economics • development economics • tourism economics

Current Research Interests • environmental and development economics

Postdoctoral Research • agricultural pollution, health economics (especially health Fellow effects of pollution), ecotourism (tourism economics), marine Dr Clevo Wilson, and natural resource economics BA (Peradeniya), MPhil • wildlife, forest, nature reserve and national parks valuation (Cambridge), MSc (Glasgow), PhD (St. Andrews)

Dr Mohammad Hossain Current Research Interests BSS(Econ) Chittagong Uni, • international trade and development MSS(Econ) (Chittagong • microeconomic reforms and their impacts on growth, Uni), MA(Econ) (Western efficiency, income distribution and poverty Illinois), PhD (UQ) • applied econometrics • women and development • commercialisation of women’s work in Bangladesh and its implications

Dr Supawat Current Research Interests Rungsuriyawiboon, • efficiency and productivity analysis BEng(Hons) (Chiang Mai • dynamic efficiency Uni), MSMineralEcon • economics of production (Colorado School of • optimisation method Mines), PhD • energy economics (Pennsylvania State • applied econometrics University) • deregulation • mineral finance

School of Economics, The University of Queensland 19

Areas of Expertise • microeconomic policy • regulatory economics • industrial organisation • transport economics

Current Research Interests • Australian transport policy Honorary Research • government regulation of industry Consultant • cost-recovery in the transport sector Dr George E. Docwra, • electricity markets MEc (Syd), DipEd (Syd), PhD • regulation of greenhouse gas emissions (Qld) • telecommunications Honours Coursework Advisor

Honorary Research Areas of Expertise Consultant • regional economics Emer Prof Rodney C. • urban economics Jensen, • other applications of microeconomics AEd (Qld), BEcon (Qld), • general regional science MAgEc (NE), PhD (Qld) Professor Emeritus, The Current Research Interests University of Queensland • the theory and application of input-output models • the nature of economic structure at the urban and regional levels • public finance aspects of local government • regional planning and growth • local economic development approaches and methods • the methodology of regional science

Areas of Expertise • international economics • macroeconomics • econometrics • development economics • input-output analysis • project evaluation

Honorary Research Current Research Interests Consultant • Australian macroeconomic policy issues Dr Neil D. Karunaratne, • Australia’s trade with Asia and Pacific economies BA (Ceyl), MA (Delhi), PhD • developing economies (Sus), FIS (London), • computable general equilibrium modelling (CGE) AMBIM (ret. 30/6/02) • globalisation issues Honours Coursework • current account and fiscal sustainability Advisor

Honorary Research Areas of Expertise Consultant • economic history Dr A. George Kenwood, • economic development BA (Sheff), PhD (Lond) (deceased 14/12/05) Current Research Interests • regional investment activity in Britain during the nineteenth century • the Queensland economy between the wars

20 2005 Annual Report

Honorary Research Areas of Expertise Consultant • applied microeconomics, especially in the transport and public Emer Prof H.M. (Ted) enterprise areas Kolsen, BEc (Syd), PhD (Lond) Current Research Interests Professor Emeritus, The • the economic regulation of industry University of Queensland • transport policy • impact of institutions and the constitutional environment on policy options

Areas of Expertise • applications of microeconomics to fields such as natural resource economics, managerial and decision economics, environmental (especially ecological) economics, social economics and development economics

Current Research Interests • ecological and environmental economics • economics of natural resource management, especially Honorary Research management of living resources Consultant • aquaculture economics Emer Prof • economics of tourism Clement A. Tisdell, • optimally imperfect decisions and the economic consequences BCom(Econ) (NSW), PhD of imperfection (ANU), FASSA • science and technology policy

• economic development problems particularly in Asia and in small South Pacific states • issues in managerial economics

Professional Membership • Academy of Social Science in Australia (Fellow) • International Association of Aquaculture Economics and Management • Honorary Professor, People’s University of China • Applied Economic Letters (Editorial Board) • Australian Journal of Regional Studies (Editorial Board) • The Middle East Business and Economic Review (Editorial Board) • Aquaculture Economics and Management (Editorial Board) • Contemporary Economic Policy (Editorial Board) • Gajah: The Journal of the IUCN Asian Elephant Specialist Group (Editorial Board) • Journal of Economic Surveys (Editorial Board) • International Journal of Social Economics (Editorial Board) • Journal of Defence Economics (Editorial Board) • Ecological Economics (Editorial Board) • Endangered Species Research (Editor for Conservation Economics) • Prometheus (Editorial Board) • Indian Journal of Quantitative Economics: An International Journal of Development Economics (Editorial Board) • Indian Journal of Social and Economic Policy (Editorial Board) • Indian Journal of Economics (Editorial Board) • International Journal of Development Studies (Editorial Board) • International Journal of Agricultural Resources, Governance and Ecology (Editorial Board) • Journal of Agricultural and Environmental Ethics (Advisor) • Southeast Asian Review (Editorial Board) • South Asian Development Studies (Editorial Board)

School of Economics, The University of Queensland 21

Honorary Professor Current Research Interests Prof J. Stan Metcalfe, • evolutionary economics CBE, BA(Econ) (Manchester), • industry economics MSc (Manchester) • the study of technical change • the economics of science policy and the formulation of technology strategy

Professional Membership • Stanley Jevons Professor of Political Economy and Cobden Lecturer in the Department of Economics, University of Manchester • Directory of the ESRC Centre for Research on Innovation and Competition

Honorary Professor Prof Scott Holmes BCom (Newcastle) (NSW), PhD (ANU)

Honorary Professor Prof Steve Bradley BA (Leeds), MA (Lancaster), PhD (Lancaster)

Areas Of Expertise • economic history

Current Research Interests • British working-class conditions • the development of welfare and public health in Britain and Australia

Honorary Associate Professor Dr Robert A. Cage, BSc (Portland State), MA (Oregon), PhD (Glasgow)

Adjunct Professor Professional Membership Dr Sally Driml • Climate Change and Economics Units, Environmental Policy BSc(Hons) (Griffith), MRegSc and Economics, Environmental Protection Agency, (Qld), PhD (ANU) Queensland (Team Leader) • Environmental Institute of Australia (Member) • International Society for Ecological Economics (Member) • Australian and Society for Ecological Economics (Member)

Past Professional Membership • Department of Environment and Heritage, Environmental Protection Agency • Kinhill Economics, Brisbane • Australian Bureau of Agricultural and Resource Economics (Senior Economist)

Adjunct Professor Mr E. John Hall, BCom (UQ), BEcon (UQ), MBA (UQ)

22 2005 Annual Report

Visitors to the School

Professor Shinichi Visiting Professor. Department of Animal Science and Resources Kobayashi (Department of Economics), Nihon University, . 1 July – 31 August 2005.

Dr Gudbrand Lien Visiting Fellow. Norwegian Agricultural Economics Research Institute, Oslo, . 1 November – 31 December 2005.

Dr Rodney Strachan Visiting Fellow. University of Leicester, UK. 5 October – 10 November 2005.

Dr Tim Wakeley Visiting Fellow. School of Management, University of Bath, UK. 28 April – 30 June 2005.

School of Economics, The University of Queensland 23

School Seminar Program 2005

Semester 1 Date Topic Speaker 2 March Niche Practices in Deepwater. Co-evolution in John Finch the Upstream Industry Aberdeen University 11 March Parameter Heterogeneity in Growth Regressions Mark Bowden with Endogenous Explanatory Variables University of Queensland (PhD Confirmation) 18 March Cheap Talk, Efficiency and Egalitarian Cost Flavio Menezes Sharing in Joint Projects Australian National University 26 March The Making of International Environmental Guillaume Haeringer Agreements Universsitat Autonoma de Barcelona 25 March The Collected Writings of Milton Friedman Robert Leeson (Economics Beneath the Surface: Unique Murdoch University Archival Insights into the Evolution of the Subject) 8 April The Economic Role of Formal and Informal Inter- Latif Adam Firm Networks in the Development of SMIEs: University of Queensland Study of Symbiosis in the Indonesia Garment (PhD Confirmation) Industries 15 April Reappraising the Nature of the Firm: The Role Neil Kay and Influence of Lexical and Structural Ambiguity University of Strathclyde 22 April Constructing Panel Price Indexes Using Hedonic Robert Hill Methods: The Case of House Prices in Sydney University of New South Wales 29 April Strategies for Growth Derek Headey University of New South Wales 6 May Measuring the Economic Benefits of Tourism: Peter Forsyth Implications for the Australia-US Air Route Monash University 13 May An Evaluation of Auctions for Conservation Emma Comerford Contracts in Regional Queensland University of Queensland (PhD Confirmation) 20 May Is the Child Health / Family Income Gradient Mike Shields Universal? Evidence from England University of Melbourne 27 May Job Search Methods: Australian Evidence Colin Green University of Queensland (PhD Confirmation) 3 June Rationing Access to Natural Areas: An Economic Chris Fleming Analysis University of Queensland (PhD Confirmation) 10 June Poverty in Botswana Pelotshweu Moepeng University of Queensland (PhD Confirmation) 17 June Australia’s Cash Economy: Are the Estimates Trevor Breusch Credible? Australian National University 24 June Is Jeffery Sachs Correct on Vietnam? Nazrul Islam ICSEAD, Japan

24 2005 Annual Report

Semester 2 Date Topic Speaker 29 July The Impact of the Specialist Schools Program on Professor Jim Taylor Exam Results Lancaster University UK 5 August Structural Change and Economic Growth Ms Renuka Ganegodage University of Queensland (PhD Confirmation) 12 August Managing Water Extraction along a River with Professor Alex Coram Different Types of User Robert Gordon University, UK 16 August Geographically Differentiated Pay in the Labour Professor Tony Scott Market for Nurses University of Melbourne 19 August 15th Colin Clark Memorial Lecture Professor Stan Metcalfe Innovation and the Conditions of Economic University of Manchester Progress. 26 August Hospital Volume and Quality of Care: Selective- Dr Justin Trogdon Referral or Practice-Makes-Perfect? University of Adelaide 2 September Ranking and Clustering Australian University Dr Abbas Valadkhani Research Performance 1998 - 2002 University of Wollongong 10 September Learning and Discovery Professor John Quiggin The University of Queensland 16 September Incorporating Rigidity in Games: Theory of Jan Libich Convergence to Low Inflation La Trobe University 23 September The Economic Psychology of House Renovations Ms Ti-Ching Peng in Australia The University of Queensland (PhD Confirmation) 30 September Mid Semester Break 7 October What Determines Differences in Foreign Bank Jan-Egbert Sturm Efficiency? Australian Evidence Konstanz University 14 October Alterness, Opportunity Recognition and the Chris Panousis Entrepreneurial Process The University of Queensland (PhD Confirmation) 17 October Model Uncertainty and Model Averaging in Vector Rodney Strachan Autoregressive Processes Keele University 21 October Metals Energy and Sustainability Barry Golding The University of Queensland (PhD Confirmation) 28 October Pensions, Remittances and Poverty in South A/Prof Pushkar Maitra Africa Monash University 2 November Modelling the Evolution of Postwar US Monetary Brett Ryer Policy The University of Queensland (PhD Confirmation) 4 November Does a Temporary Affirmative Action Program Professor Michael Kidd have a Permanent Affect? Some Experimental Deakin University Evidence on Coate and Loury’s (1993) Model 11 November Optimal Recall Length in Survey Design Professor Denzil Fiebig University of New South Wales 18 November An Analysis of the Supply of General Practitioners Abhaya Kamalakanthan in Australia and Malaysia: An Investigation into The University of Queensland Motivation, Regulation and Mobility (PhD Confirmation)

School of Economics, The University of Queensland 25

Seminar & Conference Presentations

John Asafu-Adjaye o attended Global Development Network Conference, Senegal 18-27 January 2005.

Phil Bodman o attended 2005 Conference of Economists, Melbourne, 24-29 September 2005.

Richard Brown o presented Interrelationships between Remittances and Human Capital: Lessons from Pacific Island Remittances Surveys at G-20 Workshop on ‘Demographic Challenges and Migration’, hosted by Reserve Bank of Australia and Treasury, Sydney, 27-28 August 2005. o presented Remittances in the South Pacific as a guest speaker at ADBIDB-UNDP Joint Conference on Remittances, Manila, 12-13 September 2005. o invited guest speaker for Ministry of Trade and Industry, Singapore, on their Distinguished Visiting Researcher Programme, to address The Practice of Cost-Benefit Analysis, 25 September. o presented address Remittances in Pacific Economies, based on -funded research project (with Gareth Leeves and Eliana Jimines- Soto, PhD Student), World Bank Pacific Forum, , 29 November - 3 December. o with Harry Campbell, presented Management Education Seminars on Social Benefit Cost Analysis for the Tasmanian Training Consortium, Hobart, 21-22 November.

Tim Coelli o attended efficiency workshop, Hanoi, Vietnam, 20-25 April. o attended conference and workshop, Belgium & UK, 24 June – 17 July. o presented seminar in Norway, 6-14 November.

Averil Cook o with James Laurenceson, presented The link between attendance and assessment performance in first-year level economics courses at The University of Queensland’s Ipswich campus at Effective Teaching and Learning Conference, The University of Queensland, November.

Alan Duhs o attended 4th Australian Society of Heterodox Economists at UNSW, Sydney, 12–13 December.

Peter Earl o with Tim Wakeley (University of Bath), presented two papers, The role of introspection, text and anecdotes in pluralistic approaches to economics, and Entrepreneurship as a point of departure for a course in pluralist economic principles, at the 2005 Conference of the Association for Heterodox Economics at City University in London, 15- 17 July. o presented morning and afternoon seminars on Behavioural Economics and the Economics of Regulation: Theory and Case Studies at the New Zealand Ministry of Economic Development in Wellington, 30 September.

Amanda Fitzgibbons o presented The Role of the Banking Sector in Financial Deregulation at the Australian Conference of Economists, Melbourne, 26-28 September.

John Foster o attended The European Meeting of Applied Evolutionary Economics (EMAEE) Conference, Utrecht, Holland, 18-22 May.

Michael Graff o presented Is there an Optimum Level of Financial Activity? Quantitative Methods of Finance Conference, Sydney, Australia, 16 December. o presented Is there an Optimum Level of Financial Activity? Bond University, Coast, Queensland, Australia, 9 December. o presented A Multi-sectoral Flash Indicator for the Swiss Business

26 2005 Annual Report Cycle, Ifo Conference on Survey Data in Economics: Methodology and Applications, Munich (speaker: S. Gübeli), 15 October. o presented How Are “Aldi” and “Lidl” Going to Affect Economic Avtivity in ? 2. Schweizerische Detailhandelstagung, RetailSwiss, Luzern, Switzerland, 12 September. o presented Design of A Multi-sectoral Flash Indicator for Switzerland, German Institute for Economic Research, Berlin, , 20 June. o presented Recent Trends on East German Labour Markets, Hochschule für Technik, Wirtschaft und Kultur, Leipzig, Germany, 31 May. o presented Educational Efficiency from an Economic Perspective: Theoretical and Empirical Findings, Deutsches Institut für Internationale Pädagogische Forschung, Frankfurt am Main, Germany, 30 May. o presented A Multi-sectoral Flash Indicator for the Swiss Business Cycle, UBS Conference Centre Zurich, Switzerland, 15 April.

Steve Harrison o presented Attitudes to and Values of Trees in Urban, Peri-urban and Cultural Environments at IFURO Forestry Symposium: Forestry in a Changing Environment at Vilnius, , 26 May – 7 June. o with John Herbohn of UQ School of Natural and Rural Systems Management organised workshops on parcelisation and fragmentation of forest land, and multiple benefits of forestry at The World Congress of the International Union of Forest Research Organisations (IUFRO) 8-13 August 2005, which will form the basis for a special issue of the IUFRO Group 3.08 journal, Small-scale Forest Economics Management and Policy. o organised a three day pre-conference tour for the Forest Economics Group attending The World Congress of the International Union of Forest Research Organisations (IUFRO) 8-13 August 2005, visiting Department of Primary Industries plantations at Kenilworth, Noosa National Park, the timber museum at Monto, the bunya hoop pine of the Bunya Mountains National Park and the Darling Downs. o presented Preparing a Business Case for Forestry Expansion: The Atherton Tablelands Hoop Pine Production Plan, (a project with ATSRAC, funded by DOTARS), for UQ Tropical Forestry Research Group seminar, 18 November 2005. o visited the for a workshop, farm visit and discussion with researchers in the College of Forestry at Leyte State University (LSU) and the Philppine Department of Environment and Natural Resources on a project with the School of Natural and Rural Systems Management, 1-10 December 2005. o attended presentation of proceedings from the end-of-project workshop from the previous four-year ACIAR project which finished in 2004 were presented to LSU staff, and arrangements were progressed for publication of a series of special issues of Annals of Tropical Research, 1-10 December 2005.

Sukhan Jackson o presented Out-migration for work and tuberculosis disease in rural Henan, China, at Globalisation and Labour Mobility in and China conference, organised by Monash University’s Asian Business and Economic Research Unit (ABERU) at Monash University, Melbourne, 29-30 September 2005. o presented Out-migration for work and tuberculosis disease in rural Henan, China at Asian Business and Economics Research Unit Conference 2005 Globalisation, Migration and Labour Mobility in India and China, in Melbourne 29-30 September.

Neil Karunaratne o attended International Conference on Sri Lankan Studies, Sri Lanka, 26-30 December.

James Laurenceson o attended conference in Khon Kaen, Thailand, 23-25 November.

School of Economics, The University of Queensland 27 Chris O’Donnell o presented Estimating State-Contingent Production Frontiers, 49th Annual Conference of the Australian Agricultural and Resource Economics Society, Coffs Harbour, 9-11 February 2005. o presented workshop on Panel Data Analysis, Griffith University, Brisbane, 18 April 2005. o presented workshop on Introduccion a la Econometrica Bayesiana, Departmento de Economia Cuantitavia, Universidad de Oviedo, , 9 June 2005. o presented Metafrontier Functions for the Study of Interregional Productivity Differences, Departmento de Economia Cuantitavia, Universidad de Oviedo, Spain, 14 June 2005. o presented Just-Pope Production Technologies in a State-Contingent Framework, Departmento de Administracion de Empresas Y Contabilidad, Universidad de Oviedo, Spain, 21 June 2005. o presented Estimating State-Contingent Production Frontiers, Facultad de Economia, Universidad de Valencia, Spain, 27 June 2005. o presented Disentangling Risk and Efficiency Using State Contingent Frontiers, Ninth European Workshop on Efficiency and Productivity Analysis, Brussels, Belgium, 29 June 2005. o presented a three day course Productivity and Efficiency Analysis, as part of the UQ Business School Executive Education Program, 23-26 November 2005.

Jason Potts o with J. Foster, presented invited paper Complexity, evolution and the structure of demand at the Chalmers University () Workshop on Flexibility and Stability at the UQ Business School, 28-30 March 2005. o presented Evolutionary macro in the micro meso macro framework Brisbane Club Workshop, The University of Queensland, July 2005. o presented Micro meso macro at Curtin University and University of Western Australia, 2-3 June 2005. o hosted Principles of Evolutionary Economics, a workshop in Zurich, Switzerland, 12-14 January 2005.

John Quiggin o presented Blogs, wikis and the creative commons, at 2005 Adelaide Festival of Ideas, Adelaide, 10 July. o presented Outcomes and strategy choices in Tullock contests, School of Economics and Finance, Queensland University of Technology, Brisbane, 4 August. o presented Social capital and open content, to the Open Content Licencing (OCL): Cultivating the Creative Commons Conference hosted by Queensland University of Technology, Brisbane, 18 January. o with Adamson, D. and Mallawaarachchi, T. presented Modelling basin level allocation of water in the Murray–Darling Basin in a world of uncertainty, at the 49th Annual Conference of the Australian Agricultural and Resource Economics Society, Coffs Harbour, 9 February. o presented Production under uncertainty: the state-contingent approach, at the 49th Annual Conference of the Australian Agricultural and Resource Economics Society, Coffs Harbour, 11 February. o presented Consistent Bayesian updating with unforeseen contingencies, at the 23rd Australasian Economic Theory Workshop, University of Auckland, Auckland NZ, 23 February. o presented Government, market and citizen: from Adam Smith to Peter Beattie, to the Institute of Public Administration (Qld Division) 2005 IPAA Four Seasons Seminar Series, Brisbane, 9 March. o presented Consumers attitude to risk, at the Australian Competition and Consumer Commission’s Roundtable on Consumers and Competition, Melbourne, 18 March.

28 2005 Annual Report o presented Untangling the web of Commonwealth/State/Local government funding — what did your GST buy?, at the Housing Industry Association’s Home and Building Expo, Brisbane, 26 May. o presented Welfare and policy implications of the equity premium, School of Accounting, Economics and Finance, Deakin University, Melbourne, 16 March. o presented Consistent Bayesian updating with unconsidered propositions, Department of Economics and Finance, Faculty of Law and Management, La Trobe University, Melbourne, 17 March. o presented Policy and modelling issues for sustainable management of the Murray-Darling Basin, presentation to the Productivity Commission, Melbourne, 17 March. o presented Research and discovery: unforeseen contingencies and the economic analysis of uncertainty, Economic Society of Australia’s 34th Conference of Economists, University of Melbourne, Melbourne, 28 September 2005. o presented The precautionary principle and the theory of choice under uncertainty, Presentation to the Environmental Panel of a workshop on World of Risk: New Approaches to Global Risk Society hosted by the School of Political Science and International Studies, University of Queensland, Brisbane, 30 September 2005. o presented Water pricing, Presentation to The Brisbane Institute’s Public Seminar on Governing Water in South East Queensland, Customs House, Brisbane, 18 October 2005. o presented Macroeconomic outlook: social implications and risks, for the Economists’ Panel discussion at Finance and Treasury Association’s 18th Annual Congress on Building Corporate Sustainability, Brisbane, 20 October 2005. o presented The Information Revolution and the post-economic society, the Giblin lecture, University of Tasmania, Hobart, 26 October 2005. o presented Inter-catchment water trade and stranded assets, Joint Agricultural Sciences, and Agricultural and Resource Economics Public Seminar, Faculty of Agriculture, Food and Natural Resources, University of Sydney, Sydney, 27 October 2005. o presented Economic liberalism: fall, revival and resistance, Academy of Social Sciences in Australia Symposium on Ideas and Influence: Social Science and Public Policy in Australia, Canberra. 7 November. o presented What next for Telstra? to the Communications Research and Strategy Forum sponsored by Communication and Media Policy Institute, University of Canberra, Network Insight Institute and Smart Internet Technology CRC, University of NSW, Sydney, 21 November 2005. o presented The (un)sustainability of trade and current account deficits, to the Economics Society of Australia (Queensland Branch) Christmas function, Brisbane, 24 November 2005. o presented The future of oil, to the Brisbane Institute, Brisbane, 25 November 2005. o presented Biodiversity trading: environmental saviour or disaster? Can we make biodiversity trading work? at an event jointly sponsored by the Ecological Society of Australian and ABC Science Outreach (recorded for broadcast for Radio National), The University of Queensland, Brisbane, 29 November 2005. o presented Localisation, globalisation and finance, Paper presented to the 2nd State of Australian Cities Conference hosted by the Urban Research Program, Griffith University, Brisbane, 30 November 2005. o presented Urban water supply in Australia: the option of diverting water from irrigation, to the 2nd State of Australian Cities Conference hosted by the Urban Research Program, Griffith University, Brisbane, 1 December 2005.

School of Economics, The University of Queensland 29 o presented Modelling sustainable management of the Murray–Darling Basin to a multidisciplinary workshop on Policy Choices for Salinity Mitigation jointly hosted by the Bureau of Rural Sciences and the Centre for Applied Economic Research, School of Economics, University of New South Wales, Sydney, 2 December 2005. o presented Employment in remote Aboriginal communities: a regional development perspective, to the Ngiya Think Tank Workshop, Jumbunna Indigenous House of Learning, University of Technology, Sydney, 4 December 2005.

Alicia Rambaldi o presented Constructing Internationally Comparable Real Income Aggregates by Combining Sparse Benchmark Data with Annual National Accounts Data. A State-Space Approach (with D.S.P. Rao & H.E. Doran), Workshop on Frontiers in Benchmarking Techniques and their Application to Official Statistics. Organised by OECD and Eurostat, , 7-8 April 2005. Plateau Du Kirchberg. Invited Keynote Address. o attended Econometric Society World Congress, 19–24 August 2005. University College, London. o presented Measuring Productivity Growth using the Malmqvist productivity Index for Metafrontiers (with D.S.P. Rao and D. Dolan), CREPP, Université de Liège, Belgium, 30 August 2005. o presented Constructing a panel of internationally comparable real income aggregates. A state-space approach (with H.E. Doran and P. Rao), Department of Quantitative Economics, University of Maastricht, , 1 September 2005. o presented Constructing a Panel of Purchasing Power Parities. A State- Space Approach (with H.E. Doran and D.S.P. Rao), Departmento de Estadística, Universidad Carlos III de Madrid, Spain, 20 September 2005. o presented “Constructing a Panel of Purchasing Power Parities: A State- Space Approach” (with H.E. Doran and D.S.P. Rao), Economic Measurement Group (EMG), fifth international workshop, supported by the Australian Bureau of Statistics and the Australian Research Council, Sydney, 12-13 December 2005.

Paul Riethmuller o attended Region Research Institute for Agricultural Production conference, Japan, 30 November 2005 – 3 January 2006.

Jacqueline Robinson o workshop presentation, Uppsala, Sweden, 22 June-21 July 2005

Kartik Roy o The fifth IIDS International Conference on Development and Governance (New Series), held at the University of South Pacific, , Fiji, 1-4 December 2005. From The University of Queensland’s School of Economics three staff members and three post graduate students participated. Prof Clem Tisdell is a keynote speaker on the topic ‘Globalization and the Economic Future of Small Nations, Particularly in the Pacific’, and Associate Prof Richard Brown presented his keynote address on the topic ‘The Remittances of Fiji Migrants’.

Sandy Suardi o presented Is There a Unit Root in Selected Asian Short-Term Interest Rates? at Monash Econometrics Department, Caulfield, Melbourne, November 2005. o presented Testing for a Level Effect in Short-Term Interest Rates, at a seminar at Nanyang Technological University, Division of Banking and Finance, Singapore, July 2005. o presented invited guest lecture for a workshop on Research Methods in Business Administration, at Dhurakij Pundit University, Bangkok, Thailand, July 2005. o presented Testing for a Level Effect in Short-Term Interest Rates, Asia Financial Management Association Meeting, Kuala Lumpur, Malaysia, July 2005. o discussant for Chan Kam Fong Nonlinear Drift or Jumps in the Short

30 2005 Annual Report Rates?, at the Asia Financial Management Association Meeting, Kuala Lumpur, Malaysia, July 2005. o presented Equity Return and Short-Term Interest Rate Volatility: Levels Effects and Asymmetric Dynamics at the Singapore Econometric Study Group Meeting, SMU, Singapore, July 2005. o presented Equity Return and Short-Term Interest Rate Volatility: Levels Effects and Asymmetric Dynamics, at the European Financial Management Association Meeting, Siena, , June 2005. o discussant for Christina Atanasova and Robert Hudson, Modelling the Efficiency of Equity Markets: Asymmetric Response to Price Innovations, European Financial Management Association Meeting, Siena, Italy, June 2005. o invited discussant for Peter Smith The asymmetric effect of the business cycle on the relationship between stock market returns and their volatility, 10th Australian Macroeconomic Workshop, Melbourne, Australia, March 2005.

KK Tang o with Krishna Iyer and Alicia Rambaldi, presented Globalization and the Technology Gap: Regional and Time Evidence, in the First Annual French-Australia Workshop of the Research Group on Economics and Management Science, Brisbane, 29-30 September 2004. o with Krishna Iyer and Alicia Rambaldi, presented A Technology Gap Contingent Approach to Outward Orientated Productivity Growth, in the Asia-Pacific Productivity Conference 2004, Brisbane, 14-16 July 2004 o with D. Chotikapanich & P. Rao, presented Estimating Income Equality in China using Grouped Data and the Generalized Beta Distribution, at the WIDER Conference on Inequality, Beijing, 23-24 April 2005.

Clem Tisdell o conference presentation, Singapore, 2-7 August. o presented paper at Aquaculture Interchange Program, USA, 16-22 October. o conference, Fiji, 25 November – 5 December.

School of Economics, The University of Queensland 31

Publications

Agbola, F.W. & 2005. ‘Empirical investigation of investment behaviour in Australia’s pastoral Harrison, S.R. region’, The Australian Journal of Agricultural and Resource Economics, 49, pp. 47-62.

Alcock, J. T. & 2005. ‘A simulation analysis of the market effect of the Australian Broadcasting Docwra, G. E. Corporation’, Information Economics and Policy, 17 (4), D.M. Lamberton, Elsevier, pp. 407-427.

Asafu-Adjaye, 2005. ‘On measuring wealth: A case study on the state of Queensland’, Journal J., Brown, R. P. of Environmental Management, 75(2005), pp. 145-155. & Straton, A. T.

Bahnisch, M. & 2005. ‘Assessing the Federal IR reforms’, ON LINE Opinion, 1 August 2, pp. 1- Quiggin, J. C. 2.

Bandara, R. & 2005. ‘Changing abundance of elephants and willingness to pay for their Tisdell, C. A. conservation’, Journal Of Environmental Management, 76(1), pp. 47-59.

Bjourndal, K.A., 2005. ‘Evaluating trends in abundance of immature green turtles, Chelonia Bolten, A.B. & mydas, in the Greater Caribbean’, Ecological Applications, 15(1), pp. 304-314. Chaloupka, M.

Bodman, P. M. 2005. ‘Are Business Cycles Independent in the G7?’ International Economic & Crosby, M. Journal, 19(4), pp. 483-499.

Bodman, P. M. 2005. ‘When the US Catches a Cold, Do We Need to Sneeze? Historical and & Crosby, M. Future Linkages Between the Australian and US Business Cycles’, in The Changing Nature of Business Cycles, Proceedings of the Reserve Bank of Australia 2005 Conference, October 2005, eds C. Kent & D. Norman, Economic Group Reserve Bank of Australia, Australia, pp. 226-254.

Bodman, P. M. 2005. ‘Output Volatility in Australia’, in Proceedings of the Australian & Leeves, G. D. Conference of Economists, 2005, Economic Society of Australia, Australia, pp. 1-23.

Brown, R. P. & 2005. ‘Migration, Remittances and The South Pacific: Towards investment Connell, J. against vulnerability’, in Remittances, Microfinance and Development: building the links. Volume 1: a global view, eds J. Shaw, The Foundation for Development Cooperation, Australia, pp. 17-25.

Brown, R. P. & 2005. ‘A Model of Migrants’ Remittances with Human Capital Investment and Poirine, B. Intrafamilial Transfers’, The International Migration Review, 39(2), pp. 407-438.

Brown, R. P., 2005. ‘How Useful Is the Genuine Savings Rate as a Sustainability Indicator for Asafu-Adjaye, Regions within Countries? Australia and Queensland Compared’, The J., Draca, M. & Australian Economic Review, 38(4), pp. 370-388. Stretton, S.

Brown, R. P., 2005. Macroeconomic Volatility in the Pacific: A Cross-Country Comparison of Headey, D. D. & magnitude, sources and consequences, prepared for the Pacific Islands Human Leeves, G. D. Development Review: Poverty and Social Protection, The World Bank, Washington, DC June 2004, World Bank, Washington, DC, School of Economics, The University of Queensland, Australia, pp. 1-46.

Campbell, H. F. 2005. ‘A multiple account framework for cost-benefit analysis’, Evaluation And & Brown, R. P. Program Planning, 28(1), pp. 23-32.

Campbell, H. F. 2005. ‘A Multiple Account Framework for Cost-Benefit Analysis’, Review of & Brown, R. P. Industrial Economics, 4(1), pp. 102-120.

Carrington, R., 2005. ‘The Performance of Australian Universities: Conceptual Issues and Coelli, T. & Rao,

32 2005 Annual Report D.S.P. Preliminary Results’, Economic Papers, 24(2), pp. 145-163.

Cedamon, E. & 2005. ‘Fine-tuning the Leyte tree farm research project: lessons from planning Harrison, S.R. workshop’, in ACIAR Smallholder Forestry Project ASEM/2003/052 Proceedings from the ACIAR Project Planning Workshop held in Ormoc City, The Philippines 15-12 February 2005, eds J. Suh, S. Harrison, J. Herbohn, E. Mangaoang & J. Vanclay, The University of Queensland, Australia, pp. 225- 231.

Cedamon, E., 2005. ‘Present Tree Planting and Management Activities in Four Rural Emtage, N. F., Communities in Leyte Province’, Annals of Tropical Research, 27(1), pp. 19-34. Suh, J., Herbohn, J. L., Harrison, S.R. & Mangaoang, E.O.

Cedamon, E., 2005. ‘Present Tree Planting and Management Activities in Four Rural Emtage, N. F., Communities in Leyte Province’, in ACIAR Smallholder Forestry Project Suh, J., ASEM/2000/088 Redevelopment of a Timber Industry following Extensive Land Herbohn, J. L., Clearing Proceedings from the End-of-Project Workshop Held in Ormoc City, Harrison, S.R. & The Philippines 1, eds S. Harrison, J. Herbohn, J. Suh, E. Mangaoang & J. Mangaoang, E. Vanclay, The University of Queensland, Australia, pp. 37-50.

Chambers, R.G. 2005. ‘Incentives and standards in agency contracts’, Journal of Public & Quiggin, J. C. Economics Theory, 7(2), pp. 201-228.

Chambers, R.G. 2005. ‘Output price subsidies in a stochastic world’, American Journal of & Quiggin, J. C. Agricultural Economics, 87(2), pp. 501-508.

Chotikapanich, 2005. ‘Estimating Income Inequality in China using Grouped Data and the D., Rao, D.S.P. Generalised Beta Distribution’, in WIDER Conference on Inequality and Poverty & Tang, K.K. in China, University, www, pp. 1-25.

Coelli, T. & Rao, 2005. ‘Total factor productivity growth in agriculture: a Malmquist index analysis D.S.P. of 93 countries, 1980-2000’, Agricultural Economics, 32(1), pp. 115-134.

Coelli, T. & Rao, 2005. ‘Total factor productivity growth in agriculture: A Malmquist index analysis D.S.P. of 93 countries, 1980-2000’, in Reshaping Agriculture’s Contributions to Society: Proceedings Twenty-Fifth International Conference of Agricultural Economists, eds D. Colman, N. Vink, Blackwell Publishing, USA, pp. 115-134.

Coelli, T., Rao, 2005. An Introduction to Efficiency and Productivity Analysis, 2nd edn, Springer, D.S.P., New York, XVII + 349. O’Donnell, C. J. & Battese, G.E.

Connell, J. & 2005. Remittances in the Pacific: An Overview, 1st edn, Asian Development Brown, R. P. Bank, Philippines, viii + 73.

Cook, A. & 2005. ‘The link between attendance and assessment performance in first-year Laurenceson, J. level economics courses at The University of Queensland’s Ipswich campus’, in S. Effective Teaching and Learning Conference, The University of Queensland, Australia.

Davies, J.B., 2005. ‘Intergenerational mobility under private vs. public education’, Zhang, J. & Scandinavian Journal of Economics, 107(1), pp. 45-66. Zeng, J.

Derrington, D.K. 2005. The law of liability insurance, 2nd edn, LexisNexis Australia, Australia, & Ashton, R. 1492.

Duhs, A. (2005) Inverting Economic Imperialism: ‘The Philosophical Roots of Ethical Controversies in Economics’, The Journal of Interdisciplinary Economics, V16. pp. 323-339.

Duhs, L.A. 2005. ‘The Philosophical Roots of Ethical Controversies in Economics’, The Journal of Interdisciplinary Economics, 16, pp. 323-339.

School of Economics, The University of Queensland 33 Earl, P. & 2005. Business Economics: a contemporary approach. Mc Graw-Hill Education, Wakeley, T. UK. 512 pages

Earl, P. E. 2005. Behavioural Economics and the Economics of Regulation, Briefing paper prepared for the NZ Ministry of Economic Development, The University of Queensland, Australia, pp. 1-36.

Earl, P. E. 2005. ‘Economics and Psychology in the twenty-first century’, Cambridge Journal of Economics, 29(6), pp. 909-926.

Earl, P. E. & 2005. ‘Entrepreneurship: the natural point of departure for a course in pluralist Wakeley, T. economic principles?’, 2005 Conference of the Association for Heterodox Economics, 15-17 July 2005, City University, London, pp. 1-20.

Earl, P. E. & 2005. ‘The Role of Introspection, Text and Anecdotes in Pluralistic Approaches Wakeley, T. to Economics’, 2005 Conference of the Association for Heterodox Economics, 15-17 July 2005, City University, London, pp. 1-19.

Earl, P.E. 2005. ‘Economics and psychology in the twenty-first century’, Cambridge Journal of Economics. 29:6 pp. 909-926.

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Rao, D.S.P. 2005.Employment Strategy Papers: Agricultural productivity growth, employment and poverty in developing countries, 1970-2000, 1st edn, International Labour Office, Geneva, 89.

Roy, K. C. 2005. ‘Historical pattern of India’s economic growth: Salient features’, International Journal of Social Economics, 32(11), pp. 951-967.

Russell, I. W., 2005. ‘An approach to improving the flow of information for forestry regulation in Mangaoang, E., the Philippines: Trees for life and livelihood’, in ACIAR Smallholder Forestry Harrison, S.R., Project ASEM/2003/052 Improving Financial Returns to Smallholder Tree Herbohn, J. L. & Farmers in the Philippines Proceedings from the ACIAR Project Planning Baynes, J. Workshop Held in Ormoc City, the Philippines 15-17 February 2005, eds J. Suh, S. Harrison, J. Herbohn, E. Mangaoang & J. Vanclay, The University of Queensland, Australia, pp. 41-48.

Sleigh, A, Wang, 2005. ‘Non-biological risk factors of pulmonary tuberculosis among adults in G. & Jackson, S. Henan: A case-control study’, Zhonghua Liuxingbingxue Sashi (Chinese Journal of Epidemiology), 26(2), pp. 92-96.

Smorfitt, D. B., 2005. ‘Potential economic implications for regional tourism of a Food and Mouth Harrison, S.R. & Disease outbreak in North Queensland’, Tourism Economics, 11(3), pp. 411- Herbohn, J. L. 430.

Smorfitt, D. B., 2005. ‘Potential Economic Implications of a Foot and Mouth Disease Outbreak Harrison, S.R. & in North Queensland for Regional Tourism’, Tourism Economics, 11(3), pp. 411- Herbohn, J. L. 430.

Suh, J. & 2005. ‘Identification of Strengths, Weaknesses, Opportunities and Threats of Emtage, N. F. the Community-Based Forest Management Program’, Annals of Tropical Research, 27(1), pp. 55-66.

Suh, J. & 2005. ‘Identification of Strengths, Weaknesses, Opportunities and Threats of Emtage, N. F. the Community-based Forest Management Program’, in ACIAR Smallholder Forestry Project ASEM/2000/088 Redevelopment of a Timber Industry following Extensive Land Clearing Proceedings from the End-of-Project Workshop Held in Ormoc City, The Philippines 1, eds S. Harrison, J. Herbohn, J. Suh, E. Mangaoang & J. Vanclay, The University of Queensland, Australia, pp. 159- 170.

Suh, J., 2005. ACIAR Smallholder Forestry Project ASEM/2003/052 Improving Financial Harrison, S.R., Returns to Smallholder Tree Farmers in the Philippines Proceedings from the Herbohn, J. L., ACIAR Project Planning Workshop Held in Ormoc City, the Philippines 15-17 Mangaoang, E. February 2005, The University of Queensland, Australia. & Vanclay, J. (eds)

Suh, J., 2005. ‘Preface’, in ACIAR Smallholder Forestry Project ASEM/2003/052 Harrison, S.R., Improving Financial Returns to Smallholder Tree Farmers in the Philippines Herbohn, J. L., Proceedings from the ACIAR Project Planning Workshop Held in Ormoc City,

School of Economics, The University of Queensland 41 Mangaoang, E. the Philippines 15-17 February 2005, eds J. Suh, S. Harrison, J. Herbohn, E. & Vanclay, J Mangaoang & J. Vanclay, The University of Queensland, Australia, pp. 1-1.

Tamaschke, R. 2005. ‘Measuring market power in electricity generation: A lower term H. U., Docwra, perspective using a programming model’, Energy Economics, 27(2), pp. 317- G. E. & Stillman, 335. (http://www.elsevier.com/locate/eneco) R

Tan, P. & (2004). ‘Sustainable management of the Great Artesian Basin: an analysis Quiggin, J. based on law and environmental economics’, The Australasian Journal of Natural Resources Law and Policy, 9 (2), pp. 255–303.

Tapsuwan, S. 2005. ‘Valuing the willingness to pay for environmental conservation and management: A case study of scuba diving levies in Moo Koh Similan Islands Marine National Park, Thailand’, in Proceedings of the Australian Conference of Economists, 2005, Economic Society of Australia, Australia, pp. 1-28.

Templeton, D., 2005. ‘Changes in Woolgrower Profits from Adopting Staple-Strength- Griffiths, W.E., Enhancing Management Strategies’, International Journal of Sheep and Wool Piggott, R. & Science, 53(1), pp. 1-23. O’Donnell, C. J.

Tisdell, C A & 2005. ‘Wildlife-based recreation and local economic development: the case of Bandara, R. R. the Pannawala Elephant Orphanage in Sri Lanka’, Sri Lanka Journal of Social Sciences, 28(1&2), pp. 65-96.

Tisdell, C. A. 2005. ‘A Review of Structural Features of International Tourism: Economic Influences and its Vulnerability’, Global Review of Business and Economic Research, 1(1), pp. 1-17.

Tisdell, C. A. 2005. ‘An Overview of Globalisation and Economic Policy Responses’, in Globalisation and World Economic Policies, eds C. Tisdell, Serials Publications, New Delhi, pp. 1-16.

Tisdell, C. A. 2005. ‘Australia’s Economic Policies in an Era of Globalisation’, in Globalisation and World Economic Policies, eds C. Tisdell, Serials Publications, New Delhi, pp. 151-166.

Tisdell, C. A. 2005. ‘Development of Livestock Sector in India - Patterns, Constraints and Environmental Impacts’, in Economic Development Issues and Policies, eds N. Narayana, Serials Publications, New Delhi, pp. 937-961.

Tisdell, C. A. 2005. ‘Economic Growth and Environmental Improvement: Prospects for Bangladesh’, in Economic Development Issues and Policies, eds N. Narayana, Serials Publications, New Delhi, pp. 999-1015.

Tisdell, C. A. 2005. ‘Economic Incentives to Conserve Wildlife on Private Lands: Analysis and Policy’, The Environmentalist, 24(3), pp. 153-163.

Tisdell, C. A. 2005. ‘Economics of Business Learning: The Need for Broader Perspectives in Managerial Economics’, in Indian Economic Development and Business - Emerging Issues and Outlook, eds S.C. Aggarawal, R. Agarawal & R. Shahani, New Century Publications, New Delhi, pp. 154-166.

Tisdell, C. A. 2005. ‘Linear Break-Even Analysis: When is it Applicable to Business?’, in Indian Economic Development and Business - Emerging Issues and Outlook, eds S.C. Aggarwal, R. Agrawal & R. Shahani, New Century Publications, New Delhi, India, pp. 167-180.

Tisdell, C. A. 2005. ‘Linking Policies for Biodiversity Conservation with advances in Behavioral Economics’, The Singapore Economic Review, 50, pp. 449-462.

Tisdell, C. A. 2005. ‘Tourism Development and Globalisation: Experiences and Policies of China and Australia’, in Globalisation and World Economic Policies, eds C. Tisdell, Serials Publications, New Delhi, India, pp. 421-436.

Tisdell, C. A. 2005. Economics of Environmental Conservation, 2nd edn, Edward Elgar, Cheltenham, UK, xx + 288.

42 2005 Annual Report Tisdell, C. A. & 2005. ‘Tourism and Economic Development in Sri Lanka’, in Economic Bandara, R. R. Development Issues and Policies, eds N. Narayana, Serials Publications, New Delhi, pp. 109-137.

Tisdell, C. A. & 2005. ‘Economic, Social and Cultural Influences on the Status and Wellbeing of Regmi, G. Indian Rural Women’, in Economic Development Issues and Policies, eds N. Narayana, Serials Publications, New Delhi, India, pp. 871-890.

Tisdell, C. A. & 2005. ‘Prejudice against female children: Economic and cultural explanation, Regmi, G. and Indian evidence’, International Journal of Social Economics, 32(6), pp. 541- 553.

Tisdell, C. A. & 2005. ‘Do open-cycle hatcheries relying on tourism conserve sea turtles? Sri Wilson, C. Lankan developments and economic-ecological considerations’, Environmental Management, 35(4), pp. 441-452.

Tisdell, C. A. & 2005. ‘Does tourism contribute to sea turtle conservation?’, MAST/Maritime Wilson, C. Studies - Special Issue: Marine Turtles as Flagships, 3(2), pp. 145-167.

Tisdell, C. A. & 2005. ‘Information, Wildlife Valuation, Conservation: Experiments and Policy’, Wilson, C. Contemporary Economic Policy, 24(1), pp. 144-159.

Tisdell, C. A. & 2005. ‘Perceived impacts of ecotourism on environmental learning and Wilson, C. conservation: Turtle watching as a case study’, Environment, Development and Sustainability, 7, pp. 291-302.

Tisdell, C. A. 2005.Globalisation and World Economic Policies: Effects and Policy Responses (eds) of Nations and their Groupings, 1st edn, Serials Publications, New Delhi, India, xi +811.

Tisdell, C. A., 2005. ‘Australian tropical reptile species: ecological status, public valuation, Swarna Nantha, attitudes to their conservation and commercial use’, in Trends in Biodiversity H. & Wilson, C. Research, eds A.R. Burk, Nova Science Publisher Inc, New York, pp. 1-40.

Tisdell, C. A., 2005. Endangerment and Likeability of Wildlife Species: How Important are they Swarna Nantha, for Proposed Public Valuation of and Attitudes towards the Conservation and H. & Wilson, C. Use of the Hawksbill Turtle: An Australian Case Study, Economics, Ecology and the Environment WP 124, School of Economics, The University of Queensland, Australia, pp. 1-23.

Tisdell, C. A., 2005. ‘Association of public support for survival of wildlife species with their Wilson, C. & likeability’, Anthrozoös, 18(2), pp. 160-174. Swarna Nantha, H.

Tisdell, C. A., 2005. ‘Policies for saving a rare Australian glider: Economics and ecology’, Wilson, C. & Biological Conservation, 123(2), pp. 237-248. Swarna Nantha, H.

Tisdell, C., (2005) ‘Association of public support for survival of wildlife species with their Wilson, C. & likeability’, Anthrozoös, 18(2), 160-174. Swarna Nantha, H.

Valadkhani, A., 2005. ‘Sources of volatility in Australia’s export prices: evidence from ARCH Layton, A.P. & and GARCH modelling’, Global Business and Economics Review, 7(4), pp. 296- Karunaratne, N. 310. D.

Venn, T.J. 2005. ‘Financial and economic performance of long-rotation hardwood plantation investments in Queensland, Australia’, Forest Policy And Economics, 7(3), pp. 437-454.

Wilson, C. & 2005. ‘Common and endangered species: How does society allocate support Tisdell, C. A. for their conservation?’ in Proceedings of the Australian Conference of Economists, 2005, Economic Society of Australia, Australia, pp. 1-32.

School of Economics, The University of Queensland 43 Wilson, C. & 2005. ‘Knowledge of birds and willingness to support their conservation: an Tisdell, C. A. Australian case study’, Bird Conservation International, 15(3), pp. 225-235.

Wilson, C. & 2005. ‘What Role Does Knowledge of Wildlife Play in Providing Support for Tisdell, C. A. Species Conservation?’ Journal of Social Sciences, 1(1), pp. 47-51.

Yanes, L. J., 2005. ‘The Hierarchical Structure of a Firm: A Geometric Approach’, Economics Tang, K.K., Ng, Bulletin, 12(13), pp. 1-7. E. & Beard, R. M.

Zhang, J. 2005. ‘Income Ranking and convergence with physical and human capital and income equality’, Journal of Economic Dynamics and Control, 29(3), pp. 547- 566.

Zhang, J. & 2005. ‘The effect of life expectancy on fertility, saving, schooling and economic Zhang, J. growth: Theory and evidence’, Scandinavian Journal Of Economics, 107(1), pp. 45-66.

44 2005 Annual Report

Grants for Research Operating in 2005

Dr M. Alauddin Project Title: The South Asian Food Equation: Interrelations Among 2003001561 Output, Total Factor Productivity Growth and their Variabilities, and the Environment Period of Grant: 2004-2005 Amount of Grant: $14,797.10 Granting Body: The University of Queensland

Dr J. Asafu-Adjaye Project Title: Trade liberalisation, agriculture and land degradation 2003001692 in Fiji, Implications for sustainable development Period of Grant: policies Amount of Grant: 2003-2006 Granting Body: $429,925.00 Australian Centre – International Agricultural Resources

Dr N. Duke, Dr J. Udy, Project Title: Conserving the Marine Biology of Marovo Lagoon, Dr I. Tibbetts, Dr D. Solomon Islands Neil, Dr A. Ross, Dr J. Period of Grant: 2004-2007 Phillips, Dr J. Corrin- Amount of Grant: $289,152.00 Care, Dr B. Carter, Granting Body: MacArthur Foundation Prof H. Campbell, Dr P. Dart, Mr C. Roelfsema & S. Albert 2004001045

Prof C.A. Knox-Lovell, Project Title: Robust Productivity Measurement: An Econometric Prof T. Coelli Distance Function Approach 2003000606 Period of Grant: 2004-2006 Amount of Grant: $150,000.00 Granting Body: ARC

Prof P. Lindsay, Prof Project Title: ARC Centre for Complex Systems D.G. Green, Prof I. Period of Grant: 2003-2007 Hayes, Dr H.A. Amount of Grant: $3,856,636.00 Abbass, Prof D. Granting Body: ARC Abramson, A/Prof P. Adams, Prof K. Burrage, Prof R. G. Dromey, Prof J. Foster, Prof S. Kaplan, Prof G. McLachlan, Prof B. Pailthorpe, Prof P. Sanderson, Prof K. Deb, Dr G. Theraulaz, Dr R. Nielson 2003001893

Prof J. Foster, Prof Project Title: Nonlinear Econometric Modelling: A Complex M.J. Hinich & Dr P.T. Systems Perspective Wild Period of Grant: 2003-2005 Amount of Grant: $60,000.00 Granting Body: ARC Discovery

School of Economics, The University of Queensland 45 Dr J. Herbohn, A/Prof Project Title: Systems Analysis of Regional Social and Economic S. Harrison, Dr N. Impacts of Forest Industry Development Emtage Period of Grant: 2004-2005 2003001745 Amount of Grant: $1,550.00 Granting Body: The University of Queensland

Ms A. Taylor, Dr A. Project Title: An Integrated Large Scale Urban Model and Spatial Murray, Dr D. Pullar, Decision Support System Simulating Growth and Dr P.J. Crossman, Dr Evaluating Sustainability Outcomes for Southeast T. Wilson, Mr A. Queensland Skinner, Mr R Austin, Period of Grant: 2004-2007 Prof J. Mangan, Prof Amount of Grant: $817,471.00 K. Burrage, Prof M. Granting Body: ARC/Australian Treasury Bell, Prof R. Stimson 2003000458

Ms D.K. Conroy, Dr Project Title: Categories of employment and unemployment M.A. Steinberg, Prof patterns in the Sunshine Coast Labour Market: A J.E. Mangan & Mr P. Period of Grant: regional Study Hagan Amount of Grant: 2003-2005 Granting Body: $120,000.00 Australian Research Council Linkage

Dr C. O’Donnell Project Title: The importance of price and perceived quality to the 2003000384 demand for fresh fruits and Period of Grant: 2003-2006 Amount of Grant: $110,372.00 Granting Body: ARC Linkage Project

Prof J. Quiggin Project Title: Sustainable Reform of the Murray-Darling System: 2002001907 Property Rights, Uncertainty and Institutions Period of Grant: 2003-2008 Amount of Grant: $1,431,765.00 Granting Body: ARC Federation Fellowship

Prof J. Quiggin Project Title: Risk and Australian Public Policy 2002001966 Period of Grant: 2003-2007 Amount of Grant: $378,983.00 Granting Body: ARC ARF

Prof J. Quiggin Project Title: Risk and Australian Public Policy 2002001966 Period of Grant: 2003-2007 Amount of Grant: $378,983.00 Granting Body: ARC Discovery Project

Dr C. Wilson & Emer Project Title: Economics of conserving Australian Tropical Wildlife: Prof C. Tisdell An Analysis of the Role of Economic Valuation, 2002000968 Property Rights and Commercialisation Period of Grant: 2003-2005 Amount of Grant: $173,000.00 Granting Body: ARC

Mr L. Yanes Project Title: Industrial Development, International Trade and 2002001912 Collusion: A Game Theoretic Perspective Period of Grant: 2003-2005 Amount of Grant: $10,000.00 Granting Body: The University of Queensland

46 2005 Annual Report

Research Candidates

In 2005 the School of Economics administered 51 Research Higher Degree candidates consisting of 45 x PhD, 5 x MPhil and 1 x MEcon(Research) candidates. There were also 14 x PhD candidates and 2 x MPhil candidates administered by other Schools who have Advisors and an official EFTSU split with the School of Economics. Further to this there were two candidates who also had an Advisor in the School.

Candidate (Advisors) Topic Degree

Mr Latif Adam The economic role of formal and informal inter-firm PhD (Tisdell & Jackson) networks in the development of small and medium industrial enterprises: study of symbiosis in the Indonesian garment industry

Dr Mohammad Alauddin Stemming the tide against the economics discipline: In PhD (Education 50% & Foster) search of a generic model (Edu)

Ms Breige Allan-Greer Analysis of consumer demand for fresh fruits and PhD (O’Donnell, Coelli & Rao) vegetables

Mr Aung-Kyaw-Zaw Economic analysis of treatment-seeking for malaria PhD (Population Health 60% & illness in Shan State, Myanmar in 2000 (awarded 15 (Pop. Health) Jackson) December 2005)

Mr Francis Barram Design of sustainable energy systems for isolated hotels PhD (Geography, Plan & Arch in the South Pacific (GPA) 67% & Kolsen)

Ms Ilse Baumgartner Information and power – The ethical questionableness of PhD (UQBS 85%, Mandeville IT professionalism – a virtue-ethics based approach. 15%)

Mr Mark Bowden Simulating non-linear dynamical representations of PhD (Foster, Potts 90% & EPSA financial markets 10%)

Mr Jerome Bredt The process of job creation and destruction in the PhD (Mangan & Mandeville) Australian economy

Mr Donald Burtt Electricity sector de-regulation MPhil (Harrison & Asafu-Adjaye)

Mr Joseph Clark An investigation into the effect of multi-population PhD (Earl, Quiggin & Yanes) evolutionary learning specifications with complexity costs on equilibrium in learning games

Ms Linda Cobiac Stormwater management and planning: decision support PhD (Life Sciences 80% & in a socio-economic context (Life Sci) Robinson)

School of Economics, The University of Queensland 47

Mr James Cole What is information? PhD (Info Tech & Elec Eng 80% (IF&EE) & Mandeville 20%)

Ms Emma Comerford The use of market approaches for natural resource PhD (Robinson, Beard & management in regional Queensland Quiggin)

Mrs Averil Cook Economics of development of long-distance walking PhD (Harrison & Asafu-Adjaye) tracks in North Queensland (awarded 29 November 2005)

Ms Melanie Cox Impacts of aquatic ecosystem health on human welfare PhD (Marine Studies 70% & (Marine) Robinson)

Ms Tara Cully Linking the condition of wetland ecosystem goods and PhD (Geography, Plan & Arch services with changes in regional economics to aid in (GPA) 50% & Robinson 50%) the design of economic indictors of sustainability

Mr Fritz De Vroet Do medium and small sized ethnic Chinese firms in PhD (Business 80% & Chai) Malaysia do business significantly different from small (Business) and medium sized business firms in Malaysia owned and managed by non-Chinese south-east Asian ethnic groups? (awarded 5 April 2005)

Mr James Dick On the structural complexity of financial markets Mphil (Potts)

Mr Stephen Duthy Socio-economic evaluation of supervised cattle PhD (Harrison, Duhs & Davis distribution in the Philippines (submitted June 05) (remote) (SCU))

Mr Christopher Fleming Rationing access to wilderness: An economic analysis PhD (Tisdell, Cook & Asafu- Adjaye)

Ms Mary Ann Franco- An economic analysis of water pricing and allocation PhD Dixon options for the Fitzroy Basin: Implications at the farm (NRSM) (Natural & Rural Systems and regional level Mgmt 50% & Riethmuller)

Ms K. Renuka Structural transformation and economic growth PhD Ganegodage (Rambaldi, Foster & Rao)

Mr Barry Golding Metals, energy and sustainability PhD (Campbell)

Mr Colin Green Social interaction effects on Australian youth outcomes PhD (Leeves, Mangan & Bodman)

48 2005 Annual Report Mr Nestor-Onting Role of nursery in the redevelopment of timber industry Mphil Gregorio through small scale forestry in Leyte (NRSM) (Natural & Rural Systems Mgmt 40% & Harrison)

Mr Gholamreza Semiparametric and Bayesian estimation of frontier PhD Hajargasht models (submitted March 2005) (O’Donnell, Coelli & Rao)

Mr Akhter Hamid Integration of agriculture and aquaculture in farming PhD (Natural & Rural Systems systems of Bangladesh: Economic, social and Mgmt 50% & Alauddin) environmental perspectives

Mr Derek Headey Agriculture, poverty and growth PhD (Rao, Alauddin & Duhs)

Ms Mary Hedges A personal construct theory of labour market mobility PhD (remote) (Earl, Foster, Potts & Endres)

Mr Yoshitaka Hosoi The impact of a large scale mine development on the PhD (Asafu-Adjaye & national economy of Fiji (remote) Yokoyama)

Mr M. Azharul Huq Domestic resource mobilisation in a developing PhD (Alauddin & Roy) economy: Issues, options and prospects for Bangladesh

Ms Galina Ivanova The economics of renewable energy policy with special PhD (Docwra, Beard & Asafu- reference to Australia Adjaye)

Mr Krishna Iyer Essays on foreign investments and economic PhD Rambaldi, Tang & Coelli) performance

Mr D. (Ian) Jeffreys Application of multi-objective decision support systems PhD (Natural & Rural Systems (MODS) for the evaluation of farm forestry viability (NRSM) Mgmt 80% & Harrison)

Mrs Eliana Jimenez-Soto Migration, remittances and social protection in Fiji, PhD (Brown & Leeves) and

Mr Geoffrey Jones Institutions, information mediating competencies, service Mphil (Mandeveille, Foster, Potts exporting sectors and economic growth in Vietnam and & Brown) other developing countries

Ms Abby Kamalkanathan A comparative analysis of the supply of health personnel PhD (Jackson & Leeves) in Australia and Malaysia: An investigation into the motivation, training, regulation and mobility aspects of the market for General Practitioners

Mr Parvinder Kler The graduate over education paradox: Is what we see PhD (Leeves & Mangan) what we actually get? A short and long term analysis

School of Economics, The University of Queensland 49 Mrs Svetlana Klimenko Industrial and occupational segregation and female Mphil (Leeves) employment over the business cycle

Mr Sunil Kumar The causes of intra-household inequality and its PhD (Mahadevan & Asafu- consequences for poverty determination in Fiji Adjaye)

Mr Lauchlan Mackinnon Management of self-reflexive socioeconomic systems PhD (Earl & Foster 75% & with specific reference to normative valuations Philosophy 25%)

Mr Stuart McDonald Evolutionary game theory in games with infinitely many PhD (Mehta & Beard) agents and infinite action spaces (submitted April 2005)

Ms Kerrie Mitchener Preference and utility in economic theory and the history PhD (Mehta & Littleboy) of economic thought (remote)

Mr Pelotshweu Moepeng Poverty in Botswana: Nature, dimension and alleviation PhD (Tisdell, Beard & Yanes) strategies

Ms Kate Morrison The value of markets PhD (Earl, Foster &McDonald & Liebman (EPSA))

Mr Kerry Mort A multi-level analysis of the relationship between PhD (Geog., Plan. & Arch 80% information and communications (IC) and development (GPA) & Mandeville) within a knowledge-based paradigm

Mr Chris Nadarajah Production functions in the Australian professional team Mecon (Docwra & Mahadevan) sport industry (submitted June 2004)

Mr Seema Narayan Investigating the importance of supply and demand PhD (Bodman, Yanes, & Tang) shocks in understanding macroeconomic aggregates: the case of emerging developing countries

Mr Hong Son Nghiem The efficiency of microfinance and its contribution to PhD (Coelli, Laurenceson & poverty reduction: Vietnam case study Rao)

Mr Shane O’Donohue Theory of savings in Keynesian economic models PhD (Mehta & Leeson) (remote)

Ashley Page Efficient allocation of resources between investments in MPhil (Harrison, Robinson & non-market outcomes: a framework for investment Cook) prioritisation

Mr Christos Panousis Personality traits and the entrepreneur as a constructor PhD (Earl, Fitzgibbons & Potts) of connections: A novel and complementary approach to the Austrian theory of entrepreneurship

Ms Ti-Ching Peng The economics of housing renovation in Australia: A PhD (Earl, Bodman, Potts & behavioural approach Jorgensen 10%)

50 2005 Annual Report Mr Dennis Petrie A cost-benefit analysis of community action intervention PhD (Population Health – Doran strategy to reduce alcohol-related harm in rural (Pop. Health) 80% & O’Donnell) communities in New South Wales

Ms Roberta Powell Industrial organization and financial stability PhD (Foster, Bodman & Makin)

Mr Frederik Preisler Analytical techniques to incorporate sustainability PhD (Robinson 50% & Engineering 50%)

Mr Alan Raine On growth, property and energy transformation PhD (Foster, Potts & Mandeville)

Ms Leonora Risse Evaluation and optimal design of a maternity scheme for PhD (Mangan, Leeves & Australia Bodman)

Mr Alistair Robson evaluating regional economic development initiatives PhD (Geography, Planning & with special reference to the case of Ipswich Architecture 100%, (Awarded 15 June 2005) Mangan)

Ms Ella Rohen Complexity and economic agency PhD (Earl, Foster & Mandeville)

Mr Sean Ryan Transferable development rights for conservation in MPhil (Law 50% & Robinson) Queensland (awarded 19 April 2005) (Law)

Mr Brett Ryder Expectations formation and the evolution of US PhD (Rambaldi, Tang & Foster) monetary policy: An empirical analysis

Mr Ridwan Sala Bioeconomic analysis of the skipjack fishery in eastern PhD (Marine Studies 80% & Indonesia (Marine) Robinson)

Mr David Smorfitt An economic evaluation of feral pig control strategies in PhD (Harrison/Tisdell 80% & north Queensland (remote) Natural & Rural Systems Mgmt 20%)

Mr Franklin Soriano Productivity measurement using micro and macro level PhD (Rao & Coelli) data: Aggregation issues and properties of parametric and non-parametric methods

Ms Anna Straton The valuation of complex and diverse ecosystems PhD (Brown & Foster) (awarded 13 May 2005)

Ms Sorada Tapsuwan Valuing the willingness to pay for environmental PhD (Asafu-Adjaye, Mahadevan conservation and management: A case study of scuba & Harrison) diving levies in Similan Islands Marine Park, Thailand (submitted 31 August 2005)

Mr David Willis The impact of regulatory evolution upon the Australian PhD (Grad School, Mandeville) credit union sector (submitted 15 September 2005)

School of Economics, The University of Queensland 51

Other Candidates with Associate Supervision in the School of Economics

Mr Timothy Kastelle Managerial implications of viewing the economy as a PhD (UQ Business School 100% complex evolving system (UQBS) & Potts)

Mr Alistair Robson Methodologies to evaluate economic development PhD (Geography, Plan. & Arch. strategies and initiatives to transform the Ipswich (GPA) 100% & Mangan) regional economy (awarded 15 June 2005)

52 2005 Annual Report

Coursework Economic Projects & Theses Completed in 2005

Student Thesis Title/Topic (Supervisor/s)

Tze Chih Jackie Chin Avoidable mortality risks: measurement of average Tang & Rao wellbeing and inequality

Reha Coleman The Economics of Homeless: Assessing rental market price Quiggin effects

David Dolan A dynamic metafrontier estimation of productivity and Rambaldi & Rao technology gaps

Hettie Farrell An analysis of insolvency law from the perspective of Beard economic theory

Kathryn Ford Bodman Fiscal decentralisation: is ti relevant for economic growth

Philippa Hall A community based dynamic bio-economic model of the Beard impact of cane production on eutrophication of the Great Barrier Reef lagoon

Andrew E. Hodge Economic growth and dynamic oligopoly: a differential Yanes game approach

Audrey Siew Kim Lim Human capital: a new measurement approach with Tang & Rao applications to a study in inequality

Rodrigo Martell Spot and forward markets for electricity in Queensland: an Coelli econometric analysis

Peter McMahon Testing for the Australian term structure of interest rates in Suardi the presences of structural breaks

David Muller Laurenceson & Tang Cross-broader mergers in the stock exchange industry

Nicholas Rohde Measuring income inequality – a density function based Rao approach

Eric Wen A study on the industrial development and performance of Yanes Taiwanese high-technology integrated circuit firms

Alexander White Quiggin The economics of Malaria: Assessing the burden

Shuwei Jasmine Zheng Bodman Exchange rate volatility and trade/productivity in Australia

School of Economics, The University of Queensland 53

PhD, MPhil & MEcon Degrees Awarded in 2005

Student Thesis Title/Topic (Supervisor/s)

Mrs Averil Cook PhD The economics of developing a long-distance walking track (Harrison) in north Queensland (awarded 29 November 2005)

Mr Sean Ryan MPhil Transferable development rights for natural heritage (Law (50%), Robinson (50%)) conservation in Queensland (awarded 19 April 2005)

Ms Anna Straton PhD A complex systems approach to environmental value (Brown, Foster, Potts) (awarded 13 May 2005)

Ms Vikki Uhlmann MPhil An approach to sustainability management for water (Engineering & Robinson utilities (awarded 1 December 2005) 20%)

Mr Fritz De Vroet PhD Overseas Chinese business performance: an investigation (Business School, Chai 20%) into competitive advantage of overseas Chinese business firms (awarded 5 April 2005)

Mr Aung-Kyaw-Zaw PhD Utilisation and cost of malaria treatment in Shan state, (Population Health, Jackson Myanmar, 2000 (awarded 5 December 2005) 40%)

54 2005 Annual Report

Undergraduate & Graduate Courses Offered in 2005

UNDERGRADUATE COURSES Level 1 Semester 1 2002 Code Course Title Pre 2001 Code ECON1010 Introductory Microeconomics EC121 ECON1050 Introductory Mathematical Econ EC131 ECON1110 Australian Economic Institutions EC115 ECON1120 The Economics of Social Issues EC117 ECON1310 Quantitative Economic & Business Analysis A EC135 ECON1320 Quantitative Economic & Business Analysis B EC136

Semester 2 ECON1010 Introductory Microeconomics EC121 ECON1020 Introductory Macroeconomics EC122 ECON1050 Introductory Mathematical Economics EC131 ECON1100 Political Economy & Comparative Systems EC113 ECON1310 Quantitative Economic & Business Analysis A EC135 ECON1320 Quantitative Economic & Business Analysis B EC136

Level 2 Semester 1 ECON2010 Microeconomic Theory EC211 ECON2020 Macroeconomic Theory EC212 ECON2050 Mathematical Economics EC233 ECON2300 Introductory Econometrics EC230 ECON2420 The Macroeconomy & Business Conditions new ECON2610 International Economy in the Twentieth Century EC264 ECON2830 Economics of Team Sports new

Semester 2 ECON2030 Microeconomic Policy EC271 ECON2040 Macroeconomic Policy EC221 ECON2100 Philosophy of Economic Thought EC214 ECON2200 Management of Financial Institutions EC202 ECON2320 Business & Economic Design Techniques EC235 ECON2400 Business Economics ID226 ECON2600 Economic History of Asian Economies EC263 ECON2700 Applied Economics of Marketing & Distribution EC265 ECON2800 The Economics of Labour Markets EC280 ECON2830 Economics of Team Sports new

School of Economics, The University of Queensland 55

Level 3 Semester 1 ECON3010 Advanced Microeconomics EC313 ECON3200 Monetary Economics EC301 ECON3320 Stat Theory for Economists EC231 ECON3420 Communications Technology & Information Economics EC374 ECON3430 Managerial Economics EC375 ECON3450 Public Finance EC343 ECON3500 Economic Development EC321 ECON3510 International Trade Theory & Policy EC352 ECON3530 Asian-Pacific Economies: Policy Issues EC323 ECON3710 Economics of Natural Resources EC378 ECON3800 Labour Economics EC381

Semester 2 ECON3020 Advanced Macroeconomics EC314 ECON3050 Advanced Mathematical Economics EC337 ECON3060 Experimental Economics EC282 ECON3210 Financial Markets & Institutions EC302 ECON3220 Benefit Cost Analysis for Business new ECON3300 Applied Econometrics EC330 ECON3310 Econometric Theory EC331 ECON3400 Industrial Economics EC373 ECON3410 Industrial Organisation in the Asia-Pacific EC324 ECON3440 Regulatory Economics EC370 ECON3520 International Macroeconomics EC351 ECON3600 Australian Economic History EC366 ECON3700 Environmental Economics EC376 ECON3900 Special Unit EC300

56 2005 Annual Report HONOURS AND GRADUATE COURSES Semester 1 2002 Code Course Title Pre 2001 Code ECON6010 Microeconomic Theory EC413 ECON6020 Macroeconomic Theory EC414 ECON6300 Advanced Applied Econometrics EC443 ECON6400 Industrial Economics EC418 ECON6500 Economic Development EC416 ECON6910 Thesis (6 UNITS) EC411 ECON7002 Economics for Commerce EC868 ECON7010 Microeconomics for Business EC865 ECON7011 Business Economics new ECON7020 Macroeconomics for Business EC866 ECON7040 Macroeconomic Analysis EC842 ECON7300 Statistics for Business & Economics EC834 ECON7310 Elements of Econometrics EC843 ECON7320 Advanced Applied Econometrics EC860 ECON7340 Inter-Industry Economic Modelling new ECON7400 International Industry Economics EC847 ECON7500 Asia-Pacific Development EC844 ECON7510 Economic Development EC873 ECON7520 International Monetary Economics EC845 ECON7540 Economics of Innovation & Entrepreneurship new ECON7730 Natural Resource Economics EC878 ECON7800 Personnel Economics for Business new ECON7810 Health Economics & Evaluation new ECON7850 Research Thesis new ECON7851 Research Thesis new ECON7900 Special Unit EC854 ECON7910 Research Report EC869 ECON7920 Economic Project EC859 ECON7930 Thesis EC899 ECON8010 Microeconomic Theory (PhD Students only) new ECON8020 Macroeconomic Theory (PhD Students only) new ECON8300 Advanced Applied Econometrics new ECON8910 PhD Confirmation Thesis new

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Semester 2 ECON6200 Advanced Monetary Economics EC401 ECON6310 Advanced Economic Theory EC444 ECON6340 Inter-Industry Economic Modelling new ECON6410 Information Economics EC483 ECON6420 Public Finance EC415 ECON6510 International Economics EC417 ECON6700 Ecological & Environmental Economics EC428 ECON6910 Thesis (6 UNITS) EC411 ECON7002 Economics for Commerce EC868 ECON7010 Microeconomics for Business EC865 ECON7011 Business Economics new ECON7020 Macroeconomics for Business EC866 ECON7200 Economics of Financial Markets EC802 ECON7300 Statistics for Business & Economics EC834 ECON7322 Business & Economic Decision Techniques EC736 ECON7330 Econometrics EC861 ECON7350 Financial Econometrics new ECON7360 Applied Econometrics EC330 ECON7410 Advanced Managerial Economics EC876 ECON7420 Information Economics EC872 ECON7430 Competition & Regulation Policy EC846 ECON7440 Public Economics EC850 ECON7460 Health Economics new ECON7470 Economics & Regulation of Financial Institutes ID846/ID847 ECON7530 International Trade & Investment EC871 ECON7720 Ecological & Environmental Economics EC856 ECON7740 Benefit/Cost Analysis & Project Evaluation A EC874 ECON7750 Benefit/Cost Analysis & Project Evaluation B EC875 ECON7830 Health Economics & Policy new ECON7840 Health & Economic Development new ECON7910 Research Report EC869 ECON7920 Economic Project EC859 ECON7930 Thesis EC899 ECON8910 PhD Confirmation Thesis

58 2005 Annual Report

2005 Summer Semester Courses Offered 2002 Code Course Title Pre 2001 Code ECON1020 Introductory Macroeconomics EC122 ECON1320 Quantitative Economic & Business Analysis B EC136 ECON7010 Microeconomics for Managers EC865 ECON7020 Macroeconomics for Managers EC866 ECON7910 Research Report

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