It has long been recognized that the forces that lead to the agglomeration of economic activity and to aggregate growth are similar. Unfortunately, few formal frameworks have been advanced to explore this link. We critically discuss the literature and present a simple framework that can circumvent some of the main obstacles we identify. We discuss the main characteristics of an equilibrium allo...

The Asian Economic Crisis presents perhaps a final opportunity for Australia’s IT&T industry to make its presence felt on the world stage. As a centre of innovation and a desirable location for IT&T facilities, Australia has often been overlooked as its near neighbours to the north gain all the attention. This paper summarises the main obstacles Australia has to overcome in order to gain mind-s...

Uncertainty is perceived as the means of removing the obstacles to growth through the activation of Knightian entrepreneurship. A dynamic stochastic model of continuous-time growth is proposed and empirically tested, including equilibrating and creative entrepreneurial activity. We find that uncertainty affects economic growth and the rate of return, and causes structural changes in portfolio s...

The spread of smuggling needs to be understood in the context of globalisation and greatly increased migration. Prospects of a better life abroad, poverty, economic marginalisation, political and social unrest and conflict are all incentives to move. Global media and transportation networks make movement easier. As push and pull factors encourage increasing numbers of people to migrate, they in...

Recognising that approximately one third or more of food is lost or wasted globally every year, this represents a significant challenge to food security. At the same time, however, the reduction of this waste/loss represents a major opportunity to strengthen food security and economic and social development. Yet various fundamental obstacles exist that hinder actions to tackle food waste and lo...

This paper aims to identify key challenges facing Iran and South Korea in their bilateral trade and investment relations. In particular, it is concerned with the policy implications which can be useful for policy makers and business people of both countries. For this purpose, we review and analyze the recent developments of the Iranian economy and bilateral trade and investment relations betwee...

Health economists are increasingly interested in integrated care in order to support decision-makers to find cost-effective solutions able to tackle the threat that chronic diseases pose on population health and health and social care budgets. However, economic evaluation in integrated care is still in its early years, facing several difficulties. The aim of this paper is to describe the unique...