An appropriate objective for trade policy ought to be to maximise imports. Unfortunately, trade policy negotiators get very caught up in the facilitation of this objective by necessarily arguing about access for exports, Krugman (1997). In this context, a ...

Two years ago Asia’s tiger economies were celebrating the Asian miracle, operating in an environment of relatively low inflation with a stable but cautious monetary policy. However, the rising wave of growth has suddenly turned into an Asian Tsunami. Rapi ...

Increases in national income are usually treated as economic growth. If large enough to produce increases in per capita income, they are generally considered as welfare enhancing. Yet, at the same time, these increases in national income might be accompan ...

This study argues that the value of imputation tax credits should be taken into account when firms are making decisions on investment, capital structure and dividend policy. The research examines ex-dividend day share price behaviour to determine empirica ...

Although previous research generally finds bankruptcy prediction models to outperformauditors' views on going concern, accuracy in identifying failing companies is lower. Recent research questions whether bankruptcy is the best proxy for assessing going c ...