Modelling the Quality of Hospital Care in Australia. It is estimated that substandard quality of hospital care causes around 4,500 deaths and 12,500 cases of permanent disability per year. Results from the study will support the implementation of quality control programs to help prevent unnecessary harm to patients, improve the quality of hospital care, and more generally, promote the objectives of the Australian health care system. The envisaged outcomes advance national research priorities by ....Modelling the Quality of Hospital Care in Australia. It is estimated that substandard quality of hospital care causes around 4,500 deaths and 12,500 cases of permanent disability per year. Results from the study will support the implementation of quality control programs to help prevent unnecessary harm to patients, improve the quality of hospital care, and more generally, promote the objectives of the Australian health care system. The envisaged outcomes advance national research priorities by improving health care provided to children and the elderly. The Fellowship will help alleviate the shortage of health economists in Australia by improving my own skills and supporting me to train junior staff.Read moreRead less
How do macroeconomic fluctuations affect the educational choices of young Australians? The 1990-1991 recession, recent evidence, and econometric issues. The educational choices of young people are crucial for any nation's future. The project's empirical findings will inform public policy, particularly in the areas of education and training and youth unemployment. The research will help policy makers target people who need extra support in tough times and help determine the demand for different k ....How do macroeconomic fluctuations affect the educational choices of young Australians? The 1990-1991 recession, recent evidence, and econometric issues. The educational choices of young people are crucial for any nation's future. The project's empirical findings will inform public policy, particularly in the areas of education and training and youth unemployment. The research will help policy makers target people who need extra support in tough times and help determine the demand for different kinds of education. The findings have implications for future policies aimed at reducing inequality. The project's methodological contributions will lead to better and more reliable research in economics and other fields such as biology and engineering. The findings will be suitable for the top economics journals and contribute to Australia's standing in the academic community.Read moreRead less
Designing Weather Derivatives and Yield Index Contracts for Rural Australia. This project addresses the security of communities in rural areas. Successful risk management based on weather derivatives and yield index contracts will stabilise the income of rural industries and improve the financial viability of rural communities. It will allow systemic risks from climate change to be reinsured with financial institutions, maintain some of Australia's most important export industries and help maint ....Designing Weather Derivatives and Yield Index Contracts for Rural Australia. This project addresses the security of communities in rural areas. Successful risk management based on weather derivatives and yield index contracts will stabilise the income of rural industries and improve the financial viability of rural communities. It will allow systemic risks from climate change to be reinsured with financial institutions, maintain some of Australia's most important export industries and help maintain leadership in climate risk research. It will use state of the art methods to derive and estimate nonlinear yield indexes, and develop new option pricing methods to value the premium that farmers should pay for a yield index contract. Finally it will evaluate the likely adoption by farmers using nonlinear portfolio theory.Read moreRead less
Financial Instability and Risk Management: New Statistical Treatment of the Occurrence and Persistence of Shocks in International Markets. Global economies are complex systems: their complexity is increasing due to market connectivity, borderless trading and rapid electronic transactions. This collaboration will improve understanding of market interdependence, important because of its profound macroeconomic influence on individual consumersf decisions and corporate investment. A novel combinati ....Financial Instability and Risk Management: New Statistical Treatment of the Occurrence and Persistence of Shocks in International Markets. Global economies are complex systems: their complexity is increasing due to market connectivity, borderless trading and rapid electronic transactions. This collaboration will improve understanding of market interdependence, important because of its profound macroeconomic influence on individual consumersf decisions and corporate investment. A novel combination of nonlinear time series and dynamical systems theories will be used to describe propagation and persistence of market shocks. Focusing on smart information use and innovation economies, this project will deliver publications on new practical econometric methodologies, training for early career researchers, and a strong sustainable research relationship between Australia and France.Read moreRead less