A cohort analysis of the demand for meat and the impact of food scares. Australia is the largest beef exporter in the world. In 1999, there were 22.7 million beef cattle, producing 2 million tonnes with a gross value of $4.4 million. To date, Australia has been unaffected by the growing number of major health scares currently plaguing many European and South American countries. Equivalent scares in Australia would be devastating and hence research into the impact of scares on the behaviour of co ....A cohort analysis of the demand for meat and the impact of food scares. Australia is the largest beef exporter in the world. In 1999, there were 22.7 million beef cattle, producing 2 million tonnes with a gross value of $4.4 million. To date, Australia has been unaffected by the growing number of major health scares currently plaguing many European and South American countries. Equivalent scares in Australia would be devastating and hence research into the impact of scares on the behaviour of consumers is of paramount importance. It is the purpose of this research project to quantify the effects of such health/product scares on the demand for meat.
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Identification and inference in nonparametric models. This project will develop reliable methods for identification, estimation and inference of nonparametric models for the evaluation of economic policies on outcome variables of interest. This econometric methodology will allow a better understanding of the quantitative effects of an economic policy which will result in better informed policy decisions. The results will have applications to labour market policies, health care policies and educa ....Identification and inference in nonparametric models. This project will develop reliable methods for identification, estimation and inference of nonparametric models for the evaluation of economic policies on outcome variables of interest. This econometric methodology will allow a better understanding of the quantitative effects of an economic policy which will result in better informed policy decisions. The results will have applications to labour market policies, health care policies and education policies among others. The project will also provide national benefits in terms of building up the local stock of researchers trained in the area of identification and estimation of nonparametric models; it will further improve the international reputation that Australia has in econometric theory.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.
The relationship between firm innovation and performance and the role of the government. Productivity growth in Australia has plateaued. Although Federal and State Governments employ a range of different innovation policies designed to stimulate productivity growth, little is known about the effects these programs, and of innovation more generally, on firm performance. One reason why this relationship is unknown relates to the availability of firm-level data. This project, will take advantage of ....The relationship between firm innovation and performance and the role of the government. Productivity growth in Australia has plateaued. Although Federal and State Governments employ a range of different innovation policies designed to stimulate productivity growth, little is known about the effects these programs, and of innovation more generally, on firm performance. One reason why this relationship is unknown relates to the availability of firm-level data. This project, will take advantage of unique access to a dataset provided by the Australian Bureau of Statistics which enables us to observe the activities of every firm in Australia. Using these data and appropriate econometric techniques, the study will examine the effect of a range of government policies designed to stimulate innovation and productivity growth. Read moreRead less
New methods for solving large models with rational expectations. This project aims to introduce innovative numerical methods to economic modelling to overcome computational barriers associated with the formation of expectations by households and investors. The outcome will be economic models that include sophisticated rational expectations specifications while retaining considerable industry, regional and occupational disaggregation. There will be benefits to economic policy by broadening the r ....New methods for solving large models with rational expectations. This project aims to introduce innovative numerical methods to economic modelling to overcome computational barriers associated with the formation of expectations by households and investors. The outcome will be economic models that include sophisticated rational expectations specifications while retaining considerable industry, regional and occupational disaggregation. There will be benefits to economic policy by broadening the range of questions that can be answered by detailed models and there will be benefits in the research community by providing a platform for examining dynamics in large-scale economic systems.Read moreRead less
Forecasting with single source of randomness state space models. The framework developed in this project, for identifying and
extrapolating trends, seasonal patterns and economic cycles in time
series, has a large and diverse range of useful applications in
Australia. Some examples include its potential use in the
development of appropriate monetary policy, its use to better inform
finance markets of risk levels associated with shares, its use to
forecast demand in supply chains to provide ....Forecasting with single source of randomness state space models. The framework developed in this project, for identifying and
extrapolating trends, seasonal patterns and economic cycles in time
series, has a large and diverse range of useful applications in
Australia. Some examples include its potential use in the
development of appropriate monetary policy, its use to better inform
finance markets of risk levels associated with shares, its use to
forecast demand in supply chains to provide a better service to
customers, and its use in call centres to better tailor staff
schedules to meet customer calls.Read moreRead less
A new class of statistical methods for analysing long memory time series models with heteroskedasticity. This project will result in a class of statistical methods that will aid policy makers and financial analysts when examining and predicting key international and Australian macroeconomic and financial variables that exhibit long memory. Leading applications of long memory modelling in the literature include GDP, CPI, asset pricing models, stock returns, exchange rates and interest rates. It w ....A new class of statistical methods for analysing long memory time series models with heteroskedasticity. This project will result in a class of statistical methods that will aid policy makers and financial analysts when examining and predicting key international and Australian macroeconomic and financial variables that exhibit long memory. Leading applications of long memory modelling in the literature include GDP, CPI, asset pricing models, stock returns, exchange rates and interest rates. It will be possible to robustly and efficiently analyse such series in the presence of changes in variability, such as the overall reduction in variability that has occurred since the 1970's, called the "Great Moderation". The utility of the new methods will be demonstrated by a robust and efficient analysis of the Purchasing Power Parity hypothesis.Read moreRead less
Micro-panel data with non-linear error components. This project aims to develop methods for panel data models with heterogeneous marginal effects and discrete choice outcomes, controlling for unobserved common factors and nonlinear error components; and apply the methodologies to analyse alcohol-fuelled violence and drug-related harm in Australia. The project lies at the forefront of advances in econometrics, and the outcomes are expected to broaden and deepen Australia’s knowledge base. Empiric ....Micro-panel data with non-linear error components. This project aims to develop methods for panel data models with heterogeneous marginal effects and discrete choice outcomes, controlling for unobserved common factors and nonlinear error components; and apply the methodologies to analyse alcohol-fuelled violence and drug-related harm in Australia. The project lies at the forefront of advances in econometrics, and the outcomes are expected to broaden and deepen Australia’s knowledge base. Empirical outcomes should inform and evaluate evidence-based policy interventions for crime prevention, and influence policy making about public transport and economic growth.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
Nowcasting and Interpreting the Australian Economy. This project aims to investigate methods for nowcasting and interpreting the Australian economy. This is determining the current state of the economy and the factors contributing to it.
This project expects to generate new knowledge on how unconventional, new, data sources and innovative methods can be used to in nowcasting and how the Australian economy can be modelled.
The expected outcomes include timely new indicators of the state of the ec ....Nowcasting and Interpreting the Australian Economy. This project aims to investigate methods for nowcasting and interpreting the Australian economy. This is determining the current state of the economy and the factors contributing to it.
This project expects to generate new knowledge on how unconventional, new, data sources and innovative methods can be used to in nowcasting and how the Australian economy can be modelled.
The expected outcomes include timely new indicators of the state of the economy, and the factors contributing to it. This should provide significant benefits through informing the conduct of Australian macroeconomic policy, as the appropriate policy response depends not only on knowing the current state of the economy but understanding the economic factors underlying it.
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