Economic strategies of firms facing asymptotic demand: a case study

This paper is an attempt to determine the relationship between the pattern of growth of demand for consumer goods and the market behaviour of the firms selling them, particularly their advertising expenditures. The demand for many consumer goods may not witness a steady growth over time. Firms selling such products will have a market behaviour that differs in character and path from that of those selling in expending markets. In this article, I intend to analyse the market behaviour of firms producing toilet soap in the Australian economy.     

Factors and scenarios affecting a farmer’s grain harvest logistics

This paper explores how changes in Australia’s grain industry supply chains are likely to impact on the nature and profitability of an Australian farmer’s grain harvest logistics. A simulation model is used to show how receival site rationalisation, cheaper on‐farm storage, larger trucks, higher‐yielding crops and new harvest technologies, separately and in combination, affect the nature and profitability of a farmer’s grain harvest logistics. Applying the model to a typical Australian grain farm shows that many of these changes unambiguously advantage the farm business, and often, the combination of these changes increases a farmer’s harvest profits by at least 10 per cent. For many farmers, the task of efficiently designing and managing harvest logistics will be an increasingly difficult yet important series of choices due to the range of storage options, grain pathways, crop portfolios and market opportunities that are arising. A farmer’s decisions about cost‐effective on‐farm storage and transport, and their judicious use, will be a key contributor to additional profit in future years.     

Causal interactions among tourism,foreign direct investment,domestic credits,and economic growth: evidence from selected Mediterranean countries

Portuguese Economic Journal - This study explores the nexus between tourism and economic growth in countries bordering the Mediterranean Sea while controlling for foreign direct investment and...     

Economic multipliers for the Maltese Economy

The aim of this paper is to build an econometric model for the Maltese Economy and to use this model in deriving economic multipliers which may prove useful for future economic planning, particularly since Malta must find substitutes for the income derived from the Military base after 1979, the year of independence. Both the methodology and the results of this paper should be of general use to small developing economies with limited domestic resources. In Section 1 we provide an outline of the theoretical foundation of the model. This is intended to serve as a guide for noneconometricians. Section 2 considers the functional relationships between relevant economic factors. These relationships are used in Section 3 to estimate the economic multipliers. Finally in Section 4, we examine the main policy implications of the model for economic planning.