Posts Tagged ‘economics’

The dark side (about extremes and where nobody knows)

Monday, October 24th, 2016

Written by Ruolin Wang, PhD Candidate at QUT

Two years ago, the world witnessed the disappearance of flight MH370. So far, we have not found it, for sure it is gone, together with 239 passengers on board. Every hour, thousands of airplanes fly towards their destinations above in the sky, but very few of them end up with the same fate as MH370. The prevailing but “not yet determined” explanation for the disappearance was that the pilot Zaharie hijacked the aircraft. Is it a risk of air travel? It is the airport control tower’s task to assess foreseeable risks and direct them around bad weather and air traffic to ensure a safe flight. However, as for aircraft hijacking, I am inclined to describe it using the word uncertainty. Why? To put it simply, risk is different from uncertainty.

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Hot Tips to get you to the Top! – Keep the Big Picture in Mind

Tuesday, March 26th, 2013

On the night of Wednesday 20 March 2013, QUT’s School of Economics and Finance held its very own ‘Town and Gown’ event, which brings together economics and finance students to network with Brisbane-based professionals from these two discipline areas.

The presenters were asked, “What is your best piece of advice for job-seekers?” Their answers were insightful and we thought worth sharing. If you have some further tips you’d like to share, please join the discussion.

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Can Nature-based Tourism Help Conservation?

Tuesday, October 9th, 2012

Concern has been expressed worldwide about the continuing global loss of biodiversity and socially acceptable policies are being sought to slow its rate of loss. Nature-based tourism adds economic value to the stock of wild biodiversity and is seen by many (especially when it involves ecotourism) as being an effective contributor to nature conservation. The fact that tourism is the world’s largest industry and that nature-based tourism is its most rapidly growing component suggests that it has a major impact on the state of natural environments. However, nature-based tourism (depending on its attributes) can be supportive or destructive of biodiversity, or may even have little impact on it, as Clem Tisdell and Clevo Wilson have discovered.

In our book ‘Nature-based Tourism and Conservation’, we identify and explore the type of factors that enable tourism to make a positive contribution to nature conservation, and also discuss its limits as a means for conserving biodiversity in the wild and possible negative environmental consequences.

The complete blog can be obtained from the Edward Elgar Blog site.

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At Sixes and Sevens over New Retirement Policy

Wednesday, September 16th, 2009

by Tim Robinson

In its May budget Australia’s Rudd government announced that by 2023 a new retirement age will have been phased in. The new retirement age will increase from the current 65 years to 67 years. When the new policy is in place a raft of existing arrangements and mind-sets will change. Whether it be eligibility for the age pension, policies regarding self-funded retirees’ access to their superannuation balances, eligibility for seniors’ cards, or simply acceptance of a new bench-mark for what constitutes being over the hill, the new retirement age will usher in its own economic and social consequences.  

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Emissions Trading Furphy

Thursday, August 6th, 2009

by Cameron Murray.

Is the Rudd Government’s proposed Carbon Pollution Reduction Scheme (CPRS) the most effective policy for controlling emissions that can be implemented at a national level?  Will it curtail our carbon footprint while minimising the impact on Australian business and households, as the delivery of the Government’s CPRS Green Paper (in July 2008) and White Paper (in December 2008) claims it does? Cameron Murray, an economics graduate of QUT’s Master of Business (Research) program, believes it can.

This brief essay aims to inform the curious onlooker of the theoretical arguments that have informed the political debate over the Rudd government’s proposed CPRS in recent times. There has been a fiery debate over whether the scheme inhibits the ability of households and businesses to take a proactive approach to reducing their own demands on emission producing energy sources.   Cameron Murray disagrees.

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The Upper Hand

Tuesday, May 26th, 2009

by David Johnston.

About 10 percent of the population is left-handed. However, five of the last seven U.S. presidents have been left-handed, as well as many high profile artists and scientists – from Paul McCartney and Lewis Carroll to Benjamin Franklin and Marie Curie. This large collection of gifted left-handers has led to a widely-held belief that left-handers have a higher propensity for genius and creativity than right-handers. Two recent economics studies have provided some limited support for this belief. Kevin Denny and Vincent O’ Sullivan find that left-handed men in Britain earn approximately 5 percent more than right-handed men, and Christopher Ruebeck and colleagues find a similar wage premium for left-handed men in the United States.
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