Electoral and partisan influences on Australian fiscal policy from Menzies to Hawke

I examine the controversial questions of whether or not partisanship and electoral motives shape the fiscal policies of Australian governments. I also extend the partisan model of policy choice for the Australian case. Specifically, using time‐series data for the financial years 1962–63 through 1989–90,1 explore partisan and electoral influences on the overall fiscal stance and the personal income transfer payments of the Commonwealth government Results indicate that, net of the influences of inertia in the policy process and of variations in economic forces, partisanship and elections play significant roles in determining both overall fiscal policy and income transfer outlays. Analyses reveal that fiscal policies become more expansionary across the electoral cycle while Labor and coalition governments have large but diminishing partisan effects cm policy over their terms in office.     

A DYNAMIC INTRSECTORAL,MODEL OF REGIONAL ECONOMIC GROWTH*

ABSTRACT. The dynamic relationship between sectoral value added and regional economic growth is analyzed using a stochastic intersectoral model estimated by ordinary least squares and linear systems techniques. A state-space portion of the model identifies the time element of sedoral value added. Dynamic multipliers, tracing the temporal path of regional growth, are calculated for the state of Georgia over the period 1963–1986. This application shows that the impacts of sectoral shocks can follow cyclical as well as monotonic patterns and that the direction and magnitude of the impact may change over time.     

Heterodoxe lehren und ihre widerlegung im Kālacakra-tantra

Summary At the end of the second chapter of the Buddhist Klacakra-Tantra (dated c. 10th century) we find a group of verses in which several doctrines are characterized and criticized: Brahmanism, Vaisnavism, aivism, materialism, Islam and Jainism. Moreover the text refers to Buddhism itself as well as the so-called heterodox Buddhist schools. It is the only old Sanskrit text known until now in which the Islam is mentioned and recognized as a doctrine.