Effects of offshored advanced manufacturing on productivity, and growth. Offshoring can reduce production costs, but it can also reduce cutting-edge advanced manufacturing capability and skilled manufacturing workforce, and reduce future growth. Lack of appropriate data has made it difficult to measure these effects for firms and industries. Using uniquely available data from the Australian Bureau of Statistics and newly developed methods, this project aims to provide new measures of firm level ....Effects of offshored advanced manufacturing on productivity, and growth. Offshoring can reduce production costs, but it can also reduce cutting-edge advanced manufacturing capability and skilled manufacturing workforce, and reduce future growth. Lack of appropriate data has made it difficult to measure these effects for firms and industries. Using uniquely available data from the Australian Bureau of Statistics and newly developed methods, this project aims to provide new measures of firm level offshoring activity and advanced manufacturing capability onshore and offshore. The project expects to generate new knowledge on the impact of offshored advanced manufacturing on productivity, growth, product innovation, and skilled labour. The findings should provide significant new industry and policy relevant insightsRead moreRead less
Implications of Global Economic Forces for Domestic Monetary Policy. The project aims to quantify and understand the extent to which international factors affect key macroeconomic variables such as inflation and interest rates in open economies. The aims will be achieved through the development and application of new macroeconomic and econometric models. Expected outcomes are new insights and policy recommendations on how to appropriately conduct monetary policy for an open economy such as Austr ....Implications of Global Economic Forces for Domestic Monetary Policy. The project aims to quantify and understand the extent to which international factors affect key macroeconomic variables such as inflation and interest rates in open economies. The aims will be achieved through the development and application of new macroeconomic and econometric models. Expected outcomes are new insights and policy recommendations on how to appropriately conduct monetary policy for an open economy such as Australia. This should provide significant benefits to the broader Australian economy through the conduct of suitable policy by institutions such as the Reserve Bank of Australia.Read moreRead less