Monash University

Displaying 1-40 of 84 results

  • White Papers // Jun 2013

    An Investigation of Perceived Benefits and Perceived Barriers of E-Businesses Among Bruneian SMEs

    This paper initiates to identify expected and experienced benefits and barriers in adopting of e-business technologies among Bruneian SMEs in the supplier side. The overall findings indicate that adoption of e-business technologies was seen in a positive light by participating SMEs. These findings identified several key expected/experienced benefits. Among the...

    Provided By Monash University

  • White Papers // Jul 2012

    Developing A Theoretical Framework For Knowledge Management Strategic Orientation Among Smes

    Small and Medium-sized Enterprises (SMEs) make a significant contribution to national economies. They have distinct characteristics and challenges which need to be addressed differently compared to large organizations. These characteristics may lead SMEs to different practices in many areas of business. Knowledge Management (KM) is one of these areas in...

    Provided By Monash University

  • White Papers // May 2012

    Joint Optimization of Number and Allocation of Clusters for Wireless Sensor Networks

    Wireless sensor networks are an important new technology for remote monitoring. How to organize the nodes in a network remains a core practical problem. Node clustering is the most popular technique to increase the energy efficiency of a wireless sensor network, but the number of clusters greatly influences two performance...

    Provided By Monash University

  • White Papers // May 2012

    Realistic Pricing Modeling for Dynamic Spectrum Access Network

    The authors develop a realistic pricing modeling for dynamic spectrum access network considering a number of factors that influence real world trading. Their model incorporates the reputation of sellers, incentive mechanism to attract buyers, timing requirement of the contract, signal quality along with bandwidth size and price of the spectrum...

    Provided By Monash University

  • White Papers // May 2012

    Automated Inference System for End-To-End Diagnosis of Network Performance Issues in Client-Terminal Devices

    Traditional network diagnosis methods of Client-Terminal Device (CTD) problems tend to be labor intensive, time consuming, and contribute to increased customer dissatisfaction. In this paper, the authors propose an automated solution for rapidly diagnose the root causes of network performance issues in CTD. Based on a new intelligent inference technique,...

    Provided By Monash University

  • White Papers // Apr 2012

    Transforming Organizations with Business Intelligence: Comparing Theory with the Vendor Perspective

    Business Intelligence (BI) vendors have often asserted that the use of their tools can lead to organizational transformation. This paper compares the vendor literature on the topic with two management theories. The results of a content analysis of the vendor literature are presented, followed by an overview of dynamic capability...

    Provided By Monash University

  • White Papers // Nov 2011

    Flip-OFDM for Optical Wireless Communications

    The authors consider two uniploar OFDM techniques for optical wireless communications: Asymmetric Clipped Optical OFDM (ACO-OFDM) and Flip-OFDM. Both techniques can be used to compensate multipath distortion effects in optical wireless channels. However, ACO-OFDM has been widely studied in the literature, while the performance of Flip-OFDM has never been investigated....

    Provided By Monash University

  • White Papers // Jul 2011

    A Distributional Analysis Of The Gender Wage Gap In Bangladesh

    This paper decomposes the gender wage gap along the entire wage distribution into an endowment effect and a discrimination effect, taking into account possible selection into full-time employment. Applying a new decomposition approach to the Bangladesh Labour Force Survey (LFS) data the authors find that women are paid less than...

    Provided By Monash University

  • White Papers // Jul 2011

    Cycles And Corporate Investment: Direct Tests Using Survey Data On Banks' Lending Practices

    Microeconomic studies have found cash flow to be important for the investment decision and this result is often interpreted as is evidence of adverse selection in credit markets. Using direct survey evidence on banks' willingness to lend, this research examines the role of credit in the investment decision while allowing...

    Provided By Monash University

  • White Papers // Jun 2011

    Asset Prices, Monetary Policy, And Aggregate Fluctuations: An Empirical Investigation

    This paper studies empirically the dynamic interactions between asset prices, monetary policy, and aggregate fluctuations during the Volcker-Greenspan period. Using a simple structural vector autoregression framework, the authors investigate the effects of monetary policy on output, inflation and asset prices, the interactions of asset prices with the aggregate economy, as...

    Provided By Monash University

  • White Papers // May 2011

    ERP Simulation Game: Establishing Engagement, Collaboration and Learning

    The importance of ERP (Enterprise Resource Planning) systems as a major system for organizational change and transformation has been one of the main reasons they have created such excitement within the educational arena. This paper examines the use of an ERP simulation game to prepare university graduates to meet the...

    Provided By Monash University

  • White Papers // Apr 2011

    Golden-rule Social Security And Public Health In A Dynastic Model With Endogenous Longevity And Fertility

    In this paper, the authors investigate long-run optimal social security and public health and their effects on fertility, longevity, capital intensity, output per worker and welfare in a dynastic model with altruistic bequests. Under empirically plausible conditions, social security and public health reduce fertility and raise longevity, capital intensity and...

    Provided By Monash University

  • White Papers // Mar 2011

    Engineering a Suburban Ad-Hoc Network

    Ad-hoc wireless networks are networks of co-operating users, with no reliance upon fixed infrastructure. Such networks are growing in popularity, as wireless communication hardware, both fixed and mobile, becomes more common and affordable. The Monash Suburban Ad-Hoc Network (SAHN) project has devised a system that provides a highly secure and...

    Provided By Monash University

  • White Papers // Mar 2011

    Enablers and Inhibitors of SISP: A Case Study of a Korean Large Corporation

    Within more turbulent, and increasingly globalized and digitalized environments, Strategic Information Systems Planning (SISP) has long been recognized as one of the most significant factors for better management. More recently, SISP has been included as one of the important components of IT governance frameworks. However, as business environments and IS/IT...

    Provided By Monash University

  • White Papers // Feb 2011

    Socialising Accountability In A Religious Charity Organisation

    The dual classification of hierarchical and socialising forms of accountability has proved useful in assisting accounting and accountability researchers to consider accountability beyond the confines of technical considerations. However, researchers concur that the two forms of accountability overlap and are interdependent. This paper presents empirical data highlighting how socialising accountability...

    Provided By Monash University

  • White Papers // Dec 2010

    Use of Persuasive Technology to Change End-Users' IT Security Aware Behaviour: A Pilot Study

    Persuasive technology has been applied in marketing, health, environmental conservation, safety and other domains and is found to be quite effective in changing people's attitude and behaviours. This research extends the application domains of persuasive technology to information security awareness and uses a theory-driven approach to evaluate the effectiveness of...

    Provided By Monash University

  • White Papers // Dec 2010

    Collateral Chains, Asset Prices, And Optimal Monetary Policy With Credit Constraints

    This paper develops a DSGE model that features: borrowing constraints on entrepreneurs and a subset of households, a two-sector production structure with a real estate sector, and collateral chains whereby output of one sector may add to other sectors' assets that can be used as collateral for loans obtained from...

    Provided By Monash University

  • White Papers // Oct 2010

    Does Exporter Turnover Contribute To Aggregate Productivity Growth? Evidence From Malaysian Manufacturing

    Malaysia's economic success is to a significant extent underpinned by its export-oriented manufacturing sector. The sector has a large foreign presence, with MNCs attracted by the open trade and investment regime, and FDI-friendly policies. Using unpublished manufacturing census data for 2000 and 2005, the authors apply the methodology by Foster...

    Provided By Monash University

  • White Papers // Oct 2010

    Outward FDI And Home Country Economic Growth: A Malaysian Case

    This paper attempts to explore the causality relationship between Outward Foreign Direct Investment (OFDI) and home country economic growth using Malaysia as a case. The main findings do not advocate the OFDI-led growth hypothesis. In order to promote OFDI-led growth, the home government should prepare the private sector for increasing...

    Provided By Monash University

  • White Papers // Oct 2010

    Financial Development, Liberalization And Technological Deepening

    This paper focuses on examining the effects of financial development and liberalization on knowledge accumulation. The results consistently show that while financial development facilitates the accumulation of new ideas, the implementation of financial reform policies is negatively associated with it. The undesirable effects of financial liberalization are found to operate...

    Provided By Monash University

  • White Papers // Oct 2010

    The Stock Exchange Of Mauritius: A Study Of Segmentation Versus Integration At The Regional And Global Level

    The present research investigates the Stock Exchange of Mauritius and whether there is enough evidence to conclude that the market is segmented or integrated both at the regional level and at the global level. The methodology employed is the Jorion and Schwartz (1986) Capital Asset Pricing Model for testing the...

    Provided By Monash University

  • White Papers // Sep 2010

    Quality-Adjusted Human Capital And Productivity Growth

    Both the quality and quantity of human capital are important for growth. Although the quality aspects of human capital may have greater potential in explaining growth, given that the quantity effects of human capital have been found to be ambiguous, they have long been ignored in empirical growth literature. This...

    Provided By Monash University

  • White Papers // Aug 2010

    Insurance And Economic Growth: A Cross Country Examination

    While insurance plays an important role in the financial sector, it is often ignored in the financial development-economic growth literature. This paper examines the relationship between insurance and economic growth via a global cross-country study over 1980 to 2006, using both cross-sectional estimations and dynamic panel data techniques. The authors...

    Provided By Monash University

  • White Papers // Aug 2010

    The Nexus Between Schooling And Growth: International Evidence Since 1870

    The growth effects of schooling are often assumed to be exaggerated because of feedback effects from growth to schooling. This paper investigates the nexus between productivity growth and schooling at different levels using a sample of 19 OECD countries over the period 1870 to 2006. The empirical estimates show that...

    Provided By Monash University

  • White Papers // Jun 2010

    A Data Clustering Approach to Energy Conservation in Wireless Sensor Networks

    In this paper, the authors present a new cluster-based power preservation scheme. Their clustering strategy for power saving is defined based on the \"Similarity of data\" coming out from the sensors. The proposed clustering works in conjunction with their learning algorithm to obtain an optimum sleeping time of the sensors...

    Provided By Monash University

  • White Papers // Jun 2010

    Multiple Regime Shifts: The Influence Of ASEAN Politics On Financial Integration Within South-East Asia

    For the last two decades, a key policy objective of the Association of South East Asian Nations (ASEAN), to which it claims much success, has been the supra-national integration among the region's financial markets. This paper critically appraises this claim by locating and estimating multiple structural breaks in two equity...

    Provided By Monash University

  • White Papers // Jun 2010

    Height, Health Human Capital And Quality Of Life Among Older Chinese

    The authors find that taller people enjoy a higher quality of life at older ages in China. Implications are drawn for investment in health human capital in infancy and adolescence. Several studies have documented the existence of a wage-height premium (see e.g. Schultz, 2002). Case and Paxson (2008) found that...

    Provided By Monash University

  • White Papers // Jun 2010

    Malaysia's Outward FDI: The Effects Of Host Market Size And Home Government Policy

    This paper estimates the possible determinants of outward FDI from Malaysia by introducing host market size and home government policy on capital outflows using multivariate cointegration and error-correction modeling techniques. The empirical results indicate that there is a positive long-run relationship between Malaysia's outward FDI and its key determinants, viz....

    Provided By Monash University

  • Case Studies // May 2010

    Microsoft Human Resources Organization Optimizes Process Execution Worldwide

    Based in Redmond, Washington, Microsoft is a worldwide leader in software, services, and Internet technologies for personal and business computing. Microsoft International's Human Resources (HR) team lacked standardized business processes and business process documentation across its subsidiaries, decreasing process efficiency and effectiveness. The HR team created a custom HR template...

    Provided By Monash University

  • White Papers // May 2010

    Dynamic Key Cryptography and Applications

    In modern security models, cryptography plays a fundamental role in protecting data integrity and confidentiality in information systems. However, cryptography itself is subject to cryptanalysis attacks. To reduce the cryptanalysis attack risk, a dynamic key theory is presented and analyzed in this paper. Because these dynamic keys are one-time used...

    Provided By Monash University

  • White Papers // Apr 2010

    Human Capital Composition, Proximity To Technology Frontier And Productivity Growth

    The role of human capital composition has been given importance in the most recent endogenous growth models. Assuming that primary as well as secondary education is more suitable for imitation and higher education is more appropriate for innovation, this paper empirically investigates whether the contribution of human capital to productivity...

    Provided By Monash University

  • White Papers // Apr 2010

    The Entrepreneurial Role of the State and SME Growth in Vietnam

    Since the introduction of 'Doi Moi (economic transition) of the economic transition to socialist market economy in 1980s, the business environment in Vietnam has improved significantly. This paper examines the extent to which Vietnam's policies support the development of market principles for the growth of SMEs and assesses issues of...

    Provided By Monash University

  • White Papers // Apr 2010

    Nation-State Legitimacy, Trade, And The China Investment Corporation

    Relations between China and the USA began with the best of intentions: the USA would sponsor the normalization of China's status in the international community through trade in exchange for China's commitment to peaceful co-existence with the west. As an emerging economy, China has relied upon trade for export-led economic...

    Provided By Monash University

  • White Papers // Mar 2010

    A Monetary Policy Rule: The Augmented Monetary Conditions Index For Philippines Using UECM And Bounds Tests

    This paper constructs the Augmented Monetary Conditions Index (AMCI) over 1982:1-2004:4 using UECM and bounds test approach for the Philippines data. Results reveal evidence of cointegration between the real GDP and its determinants, namely short-term interest rate, exchange rate and claims on private sectors that take into account three key...

    Provided By Monash University

  • White Papers // Mar 2010

    North-South Trade And The Non-Neutrality Of International Money

    This paper develops a Ricardian model with money to study North-South trade that is mediated by the currency of the North. The model shows that an increase in the supply of Northern money results in inflation being "Exported" to the South. The increase in the supply of Northern money also...

    Provided By Monash University

  • White Papers // Feb 2010

    Long-Run Convergence In Manufacturing And Innovation-Based Models

    Following the papers of Broadberry (1993), Wolf (1994), Bernard and Jones (1996a, 1996b) and Carree et al. (2000), it is widely believed that labor productivity in manufacturing has not been converging across the OECD countries. Bernard and Jones (1996a) conclude that the service sector has been the driving force behind...

    Provided By Monash University

  • White Papers // Feb 2010

    A VAR Model Of Monetary Policy And Hypothetical Case Of Inflation Targeting In India

    The empirical VAR literature on identification and measurement of the impact of monetary policy shocks on the real side of the economy is fairly comprehensive for developed economies but very limited for emerging and transition economies. In this paper, the authors propose an identification scheme, for a developing economy taking...

    Provided By Monash University

  • White Papers // Feb 2010

    On The Impact Of Piracy On Innovation In The Presence Of Technological And Market Uncertainty

    This paper analyses the effect of piracy on innovation in the presence of R&D competition with technological and market uncertainty. With a single innovating firm facing technological uncertainty, piracy unambiguously retards innovation. However, with R&D competition where firms face market and technological uncertainties, the authors show that piracy may enhance...

    Provided By Monash University

  • White Papers // Feb 2010

    Holistic Approach for Critical System Security: Flooding Prevention and Malicious Packet Stopping

    Denial of Service attacks (DoS) can cause significant financial damages. Flooding and Malicious packets are two kinds of DoS attacks. This paper presents a new security approach which stops malicious packets and prevents flooding in the critical systems. New concepts of packet stamp a dynamic-multi-communication-point mechanism has been identified for...

    Provided By Monash University

  • White Papers // Jan 2010

    Financial Development And Economic Growth In Malaysia: Cointegration And Co-Feature Analysis

    This paper seeks to explore the relationship between financial development and economic growth in Malaysia over the period of 1980 to 2008 using the Kuala Lumpur Composite Index (KLCI) and the Index of Industrial Production (IIP). Focusing on long term relationship, this investigation is carried out within the Granger causality...

    Provided By Monash University

  • White Papers // Jun 2010

    A Data Clustering Approach to Energy Conservation in Wireless Sensor Networks

    In this paper, the authors present a new cluster-based power preservation scheme. Their clustering strategy for power saving is defined based on the \"Similarity of data\" coming out from the sensors. The proposed clustering works in conjunction with their learning algorithm to obtain an optimum sleeping time of the sensors...

    Provided By Monash University

  • White Papers // Aug 2008

    Applying Discourse Analysis and Data Mining Methods to Spoken OSCE Assessments

    This paper looks at the transcribed data of patient-doctor consultations in an examination setting. The doctors are internationally qualified and enrolled in a bridging course as preparation for their Australian Medical Council examination. This study attempts to ascertain if there are measurable linguistic features of the consultations, and to investigate...

    Provided By Monash University

  • Case Studies // May 2010

    Microsoft Human Resources Organization Optimizes Process Execution Worldwide

    Based in Redmond, Washington, Microsoft is a worldwide leader in software, services, and Internet technologies for personal and business computing. Microsoft International's Human Resources (HR) team lacked standardized business processes and business process documentation across its subsidiaries, decreasing process efficiency and effectiveness. The HR team created a custom HR template...

    Provided By Monash University

  • White Papers // Jan 2010

    Virtual Localization for Mesh Network Routing

    This paper present a novel distributed 'virtual localization' method for mesh networks, such as sensor meshes, which do not depend on radio ranging or the existence of anchor nodes. Authors show in simulation that it can be used for establishing efficient and reliable location-based routing information. Miniaturized sensors which measure...

    Provided By Monash University

  • White Papers // May 2008

    National Culture and Adoption of Mobile Commerce: An Overview

    The predictions that mobile technologies would greatly benefit both firms and individuals have now come under increasing scrutiny. Some of the authors suggest that the industry must move beyond "Nice-to-have" services and devise new "Must-have" services that positively affect people's lives (Jarvenpaa, et al. 2003). Others believe that mobile commerce...

    Provided By Monash University

  • White Papers // Dec 2009

    Enabling Ecosystem for Mobile Advertising in an Emerging Economy

    Escalating cost of reaching out to new consumers makes advertisers seek ways to retain current consumers by forming closer relationships with them. One approach is by tailoring products, services and advertising messages to meet their individual needs. Information and Communication Technologies (ICT) have opened up more possibilities for economic agents...

    Provided By Monash University

  • White Papers // May 2009

    Innovation and Scaling Up Agile Software Engineering Projects

    Software Engineering capstone projects have been running successfully since 2002 for the final year Software Engineering (SE) students of the Bachelor of Software Engineering (BSE) Program at Monash University, accredited by Engineers Australia and Australian Computer Society. Agile methods are being increasingly adopted in the industry. In this paper, authors...

    Provided By Monash University

  • White Papers // Jan 2010

    Association Relationship Transformation of XML Schemas to Object-Relational Databases

    XML (eXtensible Markup Language) is fast emerging as the dominant standard for describing data and interchanging data between various systems and databases on the Internet. It offers the XML Schema definition language as formalism for defining the syntax and structure of XML documents provide rich facilities for defining and constraining...

    Provided By Monash University

  • White Papers // Nov 2008

    Online Offline Trends In Retailing

    The Internet plays an increasingly essential role in today's society; and this is particularly true for retailers. Research suggests that consumers not only use the Internet to shop online, but also as a source to find products, investigate alternatives, and compare prices, for purchases in an offline (brick and mortar)...

    Provided By Monash University

  • White Papers // Oct 2010

    The Stock Exchange Of Mauritius: A Study Of Segmentation Versus Integration At The Regional And Global Level

    The present research investigates the Stock Exchange of Mauritius and whether there is enough evidence to conclude that the market is segmented or integrated both at the regional level and at the global level. The methodology employed is the Jorion and Schwartz (1986) Capital Asset Pricing Model for testing the...

    Provided By Monash University

  • White Papers // Jun 2008

    A Star Is Born: A New International Investment Style For Us Mutual Funds During The 1986-1995 Period

    The authors provide evidence that a new 'International growth' investment style in the US mutual fund is born between 1986 and 1995. This corresponds to a large increase in the number of equity international growth funds during this period and a greater appetite amongst investors for international investments. In this...

    Provided By Monash University

  • White Papers // Jun 2008

    The Degree Of Stock Price Deviations From Random Walk: A Cross-country Analysis

    This paper describes the rolling bicorrelation statistic to measure the degree of stock price deviations from random walk for the stock markets of 50 countries. We find that stock markets in economies with low per capita GDP in general experience more persistent price deviations than those in the high income...

    Provided By Monash University

  • White Papers // Dec 2010

    Use of Persuasive Technology to Change End-Users' IT Security Aware Behaviour: A Pilot Study

    Persuasive technology has been applied in marketing, health, environmental conservation, safety and other domains and is found to be quite effective in changing people's attitude and behaviours. This research extends the application domains of persuasive technology to information security awareness and uses a theory-driven approach to evaluate the effectiveness of...

    Provided By Monash University

  • White Papers // Jun 2009

    Pay For Performance And Corporate Governance Reform

    Directors' pay and corporate governance continue to generate public outrage and calls for reform. The meta-regression analysis of all comparable UK pay-for-performance estimates finds little, if any, meaningful association between directors' pay and corporate performance. However, there is evidence of the effectiveness of past 'Comply-or-explain' rules, especially the Cadbury Report....

    Provided By Monash University

  • White Papers // Jan 2009

    The Long-Run Effects Of Structural Change And The Treatment Of International Capital Accumulation, Mobility And Ownership

    Taking a commonly-used and commonly-available trade policy model as the starting point, the authors examine the long-run effects of large-scale structural change with and without international capital accumulation, mobility and ownership. They demonstrate the relative merits and limitations of different treatments of international capital accumulation, mobility and ownership. In doing...

    Provided By Monash University

  • White Papers // Sep 2008

    Population Ageing, Labour Market Reform And Economic Growth In China - A Dynamic General Equilibrium Analysis

    The dramatic fertility decline since the beginning of 1970s has decelerated the growth of China's working age population. From 2015, this growth will turn sharply negative, resulting declining labour force in China. This has caused concerns about the sustainability of China's economic growth. This paper sheds lights on the view...

    Provided By Monash University

  • White Papers // Oct 2008

    Trade Barriers, Openness, And Economic Growth

    Using a long dataset on openness and productivity this paper tests the influence of openness on TFP growth and per capita growth since 1870 for 16 industrialized countries. It is shown, in simple regressions, that growth is by and large independent of openness. However, once the interaction between openness and...

    Provided By Monash University

  • White Papers // Mar 2009

    Health Human Capital, Height And Wages In China

    The authors estimate the returns to height using data from 12 Chinese cities. They present both Ordinary Least Squares (OLS) and Two-Stage Least Squares (TSLS) estimates. In the latter height is instrumented using proxies for health human capital accumulated in childhood and adolescence, which influence adult height. The OLS estimates...

    Provided By Monash University

  • White Papers // Aug 2009

    The Determinants Of Inward Foreign Direct Investment: The Case Of Malaysia

    This paper empirically explores the role of corruption, and the impact of China joining the WTO in 2001 on inward Foreign Direct Investment (FDI) in Malaysia. From the empirical tests, this paper suggests:- FDI and its determinants are co-integrated; Openness, interest rate, inflation rate, the joining of China into the...

    Provided By Monash University

  • White Papers // Feb 2010

    On The Impact Of Piracy On Innovation In The Presence Of Technological And Market Uncertainty

    This paper analyses the effect of piracy on innovation in the presence of R&D competition with technological and market uncertainty. With a single innovating firm facing technological uncertainty, piracy unambiguously retards innovation. However, with R&D competition where firms face market and technological uncertainties, the authors show that piracy may enhance...

    Provided By Monash University

  • White Papers // Jun 2008

    An Emerging Credit Reporting System In China

    This paper examines the development of a credit reporting system in China. The authors first outline the rationale for having a credit reporting system through reviewing the literature on asymmetric information. They then proceed to discuss how the credit reporting system works in China. First they present a case study...

    Provided By Monash University

  • White Papers // Jun 2008

    The Costs To Business Of Providing Social Security In China

    Over the last three decades China has had a phenomenal growth rate. Local businesses in the non-state sector as well as joint ventures and businesses controlled by overseas investors are thriving. One attractive feature of China for overseas investors has traditionally been the low cost of labour and low prescribed...

    Provided By Monash University

  • White Papers // Jul 2009

    Financial Development And Financing Constraints In A Developing Country: The Case Of Bangladesh

    This paper examines the sensitivity of investment to available cash-stock, a measure for internal funds, for 192 listed non-financial firms of Bangladesh from 1992 to 2002. The empirical results show that smaller firms have greater financing constraints to investment than larger firms due to financial market imperfection and unequal access...

    Provided By Monash University

  • White Papers // Jul 2009

    Financial Liberalization And The Aid-Growth Relationship In India

    This paper examines the impact of foreign aid on the process of economic development in India by controlling for the degree of financial liberalization. A composite index is constructed using the method of principal component analysis to capture the joint influence of various financial sector policies. The results show that...

    Provided By Monash University

  • White Papers // Aug 2009

    Finance And Consumption Volatility: Evidence From India

    The main objective of this paper is to explore the determinants of private consumption growth volatility in India, focusing on the role of financial sector policies. Using annual time series data, the results show that the implementation of financial repressionist policies is strongly associated with lower consumption volatility in India....

    Provided By Monash University

  • White Papers // Oct 2010

    Financial Development, Liberalization And Technological Deepening

    This paper focuses on examining the effects of financial development and liberalization on knowledge accumulation. The results consistently show that while financial development facilitates the accumulation of new ideas, the implementation of financial reform policies is negatively associated with it. The undesirable effects of financial liberalization are found to operate...

    Provided By Monash University

  • White Papers // Jul 2011

    A Distributional Analysis Of The Gender Wage Gap In Bangladesh

    This paper decomposes the gender wage gap along the entire wage distribution into an endowment effect and a discrimination effect, taking into account possible selection into full-time employment. Applying a new decomposition approach to the Bangladesh Labour Force Survey (LFS) data the authors find that women are paid less than...

    Provided By Monash University

  • White Papers // Jul 2011

    Cycles And Corporate Investment: Direct Tests Using Survey Data On Banks' Lending Practices

    Microeconomic studies have found cash flow to be important for the investment decision and this result is often interpreted as is evidence of adverse selection in credit markets. Using direct survey evidence on banks' willingness to lend, this research examines the role of credit in the investment decision while allowing...

    Provided By Monash University

  • White Papers // Jun 2010

    Multiple Regime Shifts: The Influence Of ASEAN Politics On Financial Integration Within South-East Asia

    For the last two decades, a key policy objective of the Association of South East Asian Nations (ASEAN), to which it claims much success, has been the supra-national integration among the region's financial markets. This paper critically appraises this claim by locating and estimating multiple structural breaks in two equity...

    Provided By Monash University

  • White Papers // Feb 2009

    Agglomeration Economies And The Location Of Taiwanese Investment In China

    The authors investigate the effect of agglomeration economies on Taiwanese greenfield investors' location choice in China from 1996 to 2005. Using a nested logit model, they find that Taiwanese investors first select a region in China where he or she wants to invest, before selecting the best province within that...

    Provided By Monash University

  • White Papers // Aug 2009

    House Prices, Credit And Willingness To Lend

    This paper establishes a Tobin's q model in which house prices fluctuate around their long run equilibrium due to fluctuations in credit availability and income. It is shown that house prices are positively related to credit in the short run, however, negatively related to the availability of credit in the...

    Provided By Monash University

  • White Papers // Jan 2010

    Financial Development And Economic Growth In Malaysia: Cointegration And Co-Feature Analysis

    This paper seeks to explore the relationship between financial development and economic growth in Malaysia over the period of 1980 to 2008 using the Kuala Lumpur Composite Index (KLCI) and the Index of Industrial Production (IIP). Focusing on long term relationship, this investigation is carried out within the Granger causality...

    Provided By Monash University

  • White Papers // Jun 2008

    Private Investment And Financial Sector Policies In Developing Countries

    This paper examines the role of financial sector policies in determining private investment in the economies of India and Malaysia. The results suggest that the presence of significant directed credit programs favoring certain priority sectors in the economies appear to be harmful for private capital formation in both countries. Interest...

    Provided By Monash University

  • White Papers // Jul 2008

    Private Saving In India And Malaysia Compared: The Role Of Financial Liberalization And Expected Pension Benefits

    In this paper, the authors provide a comparative account of the evolution of private saving in India and Malaysia, and analyze how policy changes in the financial sectors and pension systems help explain differences in their saving performance. Using the ARDL bounds estimation procedure, they find a fairly robust long-run...

    Provided By Monash University

  • White Papers // Nov 2008

    Who Benefits From Microfinance? The Impact Evaluation Of Large Scale Programs In Bangladesh

    This paper evaluates the impact of microfinance on household consumption using a new, large and unique cross-section data set from Bangladesh. The richness of the data and program eligibility criterion allow the use of a number of non-experimental impact evaluation techniques, in particular Instrumental Variable (IV) estimation and Propensity Score...

    Provided By Monash University

  • White Papers // Apr 2011

    Golden-rule Social Security And Public Health In A Dynastic Model With Endogenous Longevity And Fertility

    In this paper, the authors investigate long-run optimal social security and public health and their effects on fertility, longevity, capital intensity, output per worker and welfare in a dynastic model with altruistic bequests. Under empirically plausible conditions, social security and public health reduce fertility and raise longevity, capital intensity and...

    Provided By Monash University

  • White Papers // Dec 2010

    Collateral Chains, Asset Prices, And Optimal Monetary Policy With Credit Constraints

    This paper develops a DSGE model that features: borrowing constraints on entrepreneurs and a subset of households, a two-sector production structure with a real estate sector, and collateral chains whereby output of one sector may add to other sectors' assets that can be used as collateral for loans obtained from...

    Provided By Monash University

  • White Papers // Mar 2010

    A Monetary Policy Rule: The Augmented Monetary Conditions Index For Philippines Using UECM And Bounds Tests

    This paper constructs the Augmented Monetary Conditions Index (AMCI) over 1982:1-2004:4 using UECM and bounds test approach for the Philippines data. Results reveal evidence of cointegration between the real GDP and its determinants, namely short-term interest rate, exchange rate and claims on private sectors that take into account three key...

    Provided By Monash University

  • White Papers // Jun 2011

    Asset Prices, Monetary Policy, And Aggregate Fluctuations: An Empirical Investigation

    This paper studies empirically the dynamic interactions between asset prices, monetary policy, and aggregate fluctuations during the Volcker-Greenspan period. Using a simple structural vector autoregression framework, the authors investigate the effects of monetary policy on output, inflation and asset prices, the interactions of asset prices with the aggregate economy, as...

    Provided By Monash University

  • White Papers // Apr 2010

    The Entrepreneurial Role of the State and SME Growth in Vietnam

    Since the introduction of 'Doi Moi (economic transition) of the economic transition to socialist market economy in 1980s, the business environment in Vietnam has improved significantly. This paper examines the extent to which Vietnam's policies support the development of market principles for the growth of SMEs and assesses issues of...

    Provided By Monash University