[Blueboard] Research Seminar: Some Flaws in Contemporary Macroeconomic Policy Analysis

ncabiles at ateneo.edu ncabiles at ateneo.edu
Fri Feb 22 14:24:45 PHT 2008

Some Flaws in Contemporary Macroeconomic Policy Analysis:
Illustrations with reference to Australia

Dodo J. Thampapillai
Lee Kuan Yew School of Public Policy
National University of Singapore

ABSTRACT: This paper deals with the conceptualization of environmental  
capital (KN) as an explicit argument in frameworks that exposit  
economic growth and performance. The omission of KN represents a major  
flaw in macroeconomic policy analysis because the recognition of KN  
affects the determination of productive capacity. Empirical  
illustrations are offered with reference to Australia , Korea and the  
United States . In the case of the Australian economy, policy  
decisions are possibly being evaluated on income domains that exceed  
the productive capacity dictated by KN.

Dodo J. Thampapillai is Professor at the Lee Kuan Yew School of Public  
Policy and holds a Personal Chair in Environmental Economics at  
Macquarie University, Sydney, and an Adjunct Professorship in  
Environmental Economics at the Swedish University of Agricultural  
Sciences at Uppsala. In March 2005, he was included in the list of  
Eminent Environmental Economists by the UNESCAP to speak at the
Environmental Economics Symposium as part of the Fifth Ministerial Meetings on
Environment and Development at Seoul, Republic of Korea. Professor  
Thampapillai has over 80 publications including seven books and nine  
refereed monographs. He was also awarded the DFG Professorship  
(University of Kiel, Germany 1999/2000) and SLU visiting Professorship  
(Sweden- 1999/2000). He teaches macroeconomics and economic policy in  
a global economy.

Date: February 28, 2008, Thursday
Time: 4:30-6:00PM
Venue: Ricardo Leong Center for Chinese Studies Conference Room (Rm. 206)
        Ricardo and Dr. Rosita Leong Hall

For further information, please contact the Department of Economics at  
loc. 5221-5222.

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