Carbon pricing and its impacts on the productivity growth of Australian industries. This project seeks to investigate the effects of carbon pricing on the productivity of Australian industries. It will provide important insights into the issues of productivity growth and technical efficiency for Australian industries following the imposition of a price on carbon, implemented either through a carbon tax or a carbon trading scheme.
Discovery Early Career Researcher Award - Grant ID: DE150100795
Funder
Australian Research Council
Funding Amount
$365,000.00
Summary
New approaches to estimating nonlinear time-varying macroeconometric models. Quantitative models are essential for formulating good policies. In a changing world, the analysis should be based on models that allow the behaviour of the economy to change over time. Due to computational limitations, however, one is often restricted to linear models, even when nonlinear ones are more appropriate. This project aims to develop new methods for estimating time-varying nonlinear models. Two important appl ....New approaches to estimating nonlinear time-varying macroeconometric models. Quantitative models are essential for formulating good policies. In a changing world, the analysis should be based on models that allow the behaviour of the economy to change over time. Due to computational limitations, however, one is often restricted to linear models, even when nonlinear ones are more appropriate. This project aims to develop new methods for estimating time-varying nonlinear models. Two important applications are also considered: one investigates how the zero lower bound on interest rates affects the monetary policy transmission mechanism; and, the other examines how uncertainties about monetary and fiscal policy affect economic growth and inflation. This project will have strong practical significance for conducting macroeconomic policy.Read moreRead less
An econometric analysis of the impact of education on health in developing countries. This project will provide empirical knowledge on whether education affects health over the life course in developing countries. This research will aid the design of more cost effective strategies aiming to reduce poverty and promote economic development, which will ultimately lead to a more prosperous and safe region and world.
Productivity Measurement, Drivers and Trends: A New Analytical Framework. Significant problems exist in the measurement of productivity and hence its understanding, impeding informed policy formulation. This project aims to advance new concepts and methods for productivity measurement that have the potential to improve policy and national welfare, with special attention to: productivity in the mining industry, which has been a particular problem for Australia; the increased holding of precaution ....Productivity Measurement, Drivers and Trends: A New Analytical Framework. Significant problems exist in the measurement of productivity and hence its understanding, impeding informed policy formulation. This project aims to advance new concepts and methods for productivity measurement that have the potential to improve policy and national welfare, with special attention to: productivity in the mining industry, which has been a particular problem for Australia; the increased holding of precautionary cash balances by firms during financial crises, representing underutilised resources; examination of firm productivity dynamics, without assuming the possibility of disappearing technology capability that is used in standard models; and a more realistic approach to capitalisation of research and development and other intangible investments.Read moreRead less
Estimating and Testing Heterogeneous Structural Changes. This project aims to develop new methods of extracting non-central, irregular patterns from data, and to detect such patterns in climate data and city-level racial composition data. The project expects to have methodological and empirical contributions, propose innovative data-driven approaches, and extract important features of climate and racial-composition data. The anticipated outcomes of this project are new methods of measuring the r ....Estimating and Testing Heterogeneous Structural Changes. This project aims to develop new methods of extracting non-central, irregular patterns from data, and to detect such patterns in climate data and city-level racial composition data. The project expects to have methodological and empirical contributions, propose innovative data-driven approaches, and extract important features of climate and racial-composition data. The anticipated outcomes of this project are new methods of measuring the relationship between human activities and extreme weather, and for quantifying dynamic racial composition. These empirical results should demonstrate the substantial benefits of the new methods by presenting important empirical evidence for designing policies against extreme weather and racial segregation.Read moreRead less
Econometric model building and estimation. This project aims to tackle issues in econometric model building and estimation under cross sectional dependence, heterogeneity and nonlinearity. This project will seek to establish flexible econometric models associated with estimation methods and user-friendly computational techniques to try to solve real world problems. The research outcomes are expected to be useful to empirical researchers in evaluating and improving model building and forecasting ....Econometric model building and estimation. This project aims to tackle issues in econometric model building and estimation under cross sectional dependence, heterogeneity and nonlinearity. This project will seek to establish flexible econometric models associated with estimation methods and user-friendly computational techniques to try to solve real world problems. The research outcomes are expected to be useful to empirical researchers in evaluating and improving model building and forecasting from better models in climatology, demography, economics, environment, finance, machine learning and neural networks.Read moreRead less
Estimation of the continuous piecewise linear model and macroeconomic applications. Relationships between economic variables are often characterised by non-linearities. This project develops a method to analyse a type of non-linearity that is frequently encountered in economics and uses this method to study four specific applications concerning the dynamics of inflation, growth, and the exchange rate.
The Economic Measurement of Property Markets: Prices, Bubbles, Economic Growth and Productivity. In collaboration with property fund manager and investor CorVal, and with the participation of the industry leader in benchmarking, property research and metrics, IPD Australia and New Zealand, this project aims to examine the economic measurement of property markets. Mathematical and statistical models aim to be developed for exploiting a large quantity of data made available at aggregate (economy w ....The Economic Measurement of Property Markets: Prices, Bubbles, Economic Growth and Productivity. In collaboration with property fund manager and investor CorVal, and with the participation of the industry leader in benchmarking, property research and metrics, IPD Australia and New Zealand, this project aims to examine the economic measurement of property markets. Mathematical and statistical models aim to be developed for exploiting a large quantity of data made available at aggregate (economy wide) and disaggregate (local area government) levels. The findings aim to contribute to an improved understanding of property price bubbles, concepts of market disequilibrium, and the role of the property market as a source of economic growth and productivity.Read moreRead less
Improved theory and practice in econometric modelling of nonlinear spatial time series. Modern Australia faces many challenges in economic and global climate changes, which require advanced statistical technologies in modeling and forecasting of econometric spatial time series data. This project will provide flexible models and methods that enable practitioners to more accurately measure and manage economic and climatic risks.
Non- and Semi-Parametric Panel Data Econometrics: Theory and Applications. This project proposes to tackle several very important and difficult issues in modelling general climatological, economic and financial panel data that involve possible trending components. This project seeks to establish some general asymptotic theory for model estimation and specification technologies that are suited to such general nonlinear panel data that may be stochastically non-stationary and endogenous. The resea ....Non- and Semi-Parametric Panel Data Econometrics: Theory and Applications. This project proposes to tackle several very important and difficult issues in modelling general climatological, economic and financial panel data that involve possible trending components. This project seeks to establish some general asymptotic theory for model estimation and specification technologies that are suited to such general nonlinear panel data that may be stochastically non-stationary and endogenous. The research outcomes of this project are expected to be applicable in evaluating and improving empirical model building and forecasting from better models in climatology, economics and finance with possible endogeneity and nonlinearity and non-stationarity.Read moreRead less