Neoclassical models postulate that firms’ investment is determined by expected profitability and the cost of capital. Capital market imperfections, caused by information asymmetries and agency costs, lead to a modified investment scenario, where the external cost of capital is higher than the cost of internal funds. This, in turn, leads to the well-known result of underinvestment by firms. We h...

This report presents the results of an investigation into the sources of, and obstacles to, economic growth in the small Pacific island economies. The analytical framework is that provided by Hausmann, Rodrik, and Velasco (2005). The focus of this framework is on identifying the binding constraints to economic growth within a country, given that the investigator has detailed knowledge of the co...

This is the first of two special issues of Real Estate Economics dedicated to the study of Real Estate Investment Trusts or REITs. The goal of these special issues is modest. Rather than attempting to provide a comprehensive survey of current research on REITs,1 our objective is instead to provide readers with a sampling of the various general directions of inquiry either about REITs or employi...

Australia enjoys a high international reputation for research in experimental genetics, molecular and cell biology, animal and plant sciences, biotechnology, medicine, biodiversity, and ecological modelling. Computational research is broadly established in these domain areas and others relevant to bioscience. Combined with strong traditions in mathematics and statistics, and national and state ...