Towards an enhanced understanding of child and youth social exclusion risk at a small area level in Australia. This project will produce major national benefits, improving our understanding of child and youth social exclusion risk at a small area level, and putting Australia at the forefront of research into child well-being. Communities will benefit from the availability of high quality, rigorously developed measures of child and youth disadvantage at a local area level. Results from this proje ....Towards an enhanced understanding of child and youth social exclusion risk at a small area level in Australia. This project will produce major national benefits, improving our understanding of child and youth social exclusion risk at a small area level, and putting Australia at the forefront of research into child well-being. Communities will benefit from the availability of high quality, rigorously developed measures of child and youth disadvantage at a local area level. Results from this project will provided policy makers with tools to develop measures for overcoming disadvantage and narrowing gaps in outcomes for Australia's young people. The international team will ensure that methodological developments will be widely available in other countries interested in developing small area measures of child and youth disadvantage.Read moreRead less
Combining hydrological information with a multi-regional, computable general equilibrium model. The model to be created will combine a unique amount of economic detail at the statistical division level with hydrological detail. Users will obtain better estimates than previously available on the regional and industrial impacts of different water scenarios. This will produce economic and social returns to the community through improved water policies in the following areas: urban-rural water alloc ....Combining hydrological information with a multi-regional, computable general equilibrium model. The model to be created will combine a unique amount of economic detail at the statistical division level with hydrological detail. Users will obtain better estimates than previously available on the regional and industrial impacts of different water scenarios. This will produce economic and social returns to the community through improved water policies in the following areas: urban-rural water allocation; climate change impact assessment; water reform and water trading; and the economic impacts of meeting environmental objectives. The model will thus provide a path-breaking tool for examining issues arising from COAG reforms and broader policy goals. Read moreRead less
Strategic Contracting with Complementary Assets under Assymetric Information. With the recent tendency for companies to patent any feasible innovations they might make, public policy must focus on the disincentive effects this may have for producers who must combine multiple patents. The project seeks to understand the 'holdout problem' that stems from such situations, and evaluate policy solutions for Australia and Internationally. Expected outcomes include publication in leading Australian and ....Strategic Contracting with Complementary Assets under Assymetric Information. With the recent tendency for companies to patent any feasible innovations they might make, public policy must focus on the disincentive effects this may have for producers who must combine multiple patents. The project seeks to understand the 'holdout problem' that stems from such situations, and evaluate policy solutions for Australia and Internationally. Expected outcomes include publication in leading Australian and International journals, and inputs to the policy debate.Read moreRead less
Rural-Urban Migration in China and Indonesia: Patterns, Consequences and Policy Intervention. China and Indonesia are two of Australia's most important neighbours. Their process of economic development and the social and political stability have tremendous impact on Australia's economic performance and prosperity. Assisting China and Indonesia to effectively manage the unprecedented large scale rural-urban migration is consistent with Australia's own interest. This project will lead to important ....Rural-Urban Migration in China and Indonesia: Patterns, Consequences and Policy Intervention. China and Indonesia are two of Australia's most important neighbours. Their process of economic development and the social and political stability have tremendous impact on Australia's economic performance and prosperity. Assisting China and Indonesia to effectively manage the unprecedented large scale rural-urban migration is consistent with Australia's own interest. This project will lead to important policy analyses that help the effective and efficient allocation of Australia's development aid budget. It will also build research and policy collaborations and cross-fertilisation amongst Australian government agencies, the Chinese government agencies in Indonesia as well as domestic and international research institutes.Read moreRead less
Population Ageing and National Housing Demand in Australia. This project seeks to determine the likely impact of population ageing on the demand for housing in Australia. A seminal study for the U.S. predicted that the relative demand for, and therefore price of, housing will fall substantially in the next two or three decades due to population ageing. If this were to occur in Australia, it could have a significant impact on personal wealth, the national saving rate, employment and economic welf ....Population Ageing and National Housing Demand in Australia. This project seeks to determine the likely impact of population ageing on the demand for housing in Australia. A seminal study for the U.S. predicted that the relative demand for, and therefore price of, housing will fall substantially in the next two or three decades due to population ageing. If this were to occur in Australia, it could have a significant impact on personal wealth, the national saving rate, employment and economic welfare. This question will be addressed by extending two different types of models - an analytical model of optimal national saving and an econometric model of housing demand.Read moreRead less
Conceptualizing and Measuring Regional Endogenous Growth: A Collaborative International Comparative Investigation. Policy for regional economic development in Australia is placing more emphasis on facilitating regional self-help. For the first time this project will provide an actual measure of regional endogenous performance. It identifies those features of regional economies and local populations are most important in explaining differences in the performance of regions, and it shows how inst ....Conceptualizing and Measuring Regional Endogenous Growth: A Collaborative International Comparative Investigation. Policy for regional economic development in Australia is placing more emphasis on facilitating regional self-help. For the first time this project will provide an actual measure of regional endogenous performance. It identifies those features of regional economies and local populations are most important in explaining differences in the performance of regions, and it shows how institutional arrangements and leadership can enhance or detract from regional development performance. This will help public agencies formulate better policies and mechanisms to help regions maximise their capacities to achieve enhanced endogenous growth. International comparative studies provide wider significance for policy formulation in regional development.Read moreRead less
Solving the water crisis in Australian cities and towns with options contracts between urban and rural water users. We will equip water resource managers with a powerful and effective tool for the allocation of water resources between rural and urban sectors. The importance of this bridge cannot be understated. To date urban centres have endured stringent water restrictions to manage dwindling urban suppliers, while ignoring the potential benefits of purchasing water from the irrigated agricul ....Solving the water crisis in Australian cities and towns with options contracts between urban and rural water users. We will equip water resource managers with a powerful and effective tool for the allocation of water resources between rural and urban sectors. The importance of this bridge cannot be understated. To date urban centres have endured stringent water restrictions to manage dwindling urban suppliers, while ignoring the potential benefits of purchasing water from the irrigated agriculture sector. Furthermore, rural communities have suffered hardship due to restricted agricultural production during times of drought. This research proposal represents an exciting solution to both problems and offers the tantalising prospect of water shortages in our capital cities and towns becoming distant memories.Read moreRead less
Regional development of audiovisual industries in the digital era: Prospects for the Northern Rivers region of NSW. This project explores drivers and impediments within audiovisualindustries in the global digital era that impact on the industry's develoment in non-metropolitan regions. The project uses the Northern Rivers region of NSW as the major case study. It will evaluate opportunities arising from technological, economic and societal changes associated with the digital media era and iden ....Regional development of audiovisual industries in the digital era: Prospects for the Northern Rivers region of NSW. This project explores drivers and impediments within audiovisualindustries in the global digital era that impact on the industry's develoment in non-metropolitan regions. The project uses the Northern Rivers region of NSW as the major case study. It will evaluate opportunities arising from technological, economic and societal changes associated with the digital media era and identify relevant public policy influences. It will facilitate the development of tools and strategies for regional development practitioners and entrepreneurs in the 'Creative Industries' sector. It will highlight policy instruments for governments wanting to take advantage of benefits from the 'new' services and knowledge-based economies.Read moreRead less
Assessing willingness to pay for urban water, wastewater, gas and electricity delivery service standards. The utility industry is a substantial component of the Australian economy (2.2 % of GDP), underpinning national production. Recent infrastructure failures, costing up to $200 million per week, have been blamed largely on regulatory approaches that emphasise minimum price and cost solutions to utility service provision without any assessment or consideration of the willingness to pay for serv ....Assessing willingness to pay for urban water, wastewater, gas and electricity delivery service standards. The utility industry is a substantial component of the Australian economy (2.2 % of GDP), underpinning national production. Recent infrastructure failures, costing up to $200 million per week, have been blamed largely on regulatory approaches that emphasise minimum price and cost solutions to utility service provision without any assessment or consideration of the willingness to pay for service quality and the value people place on surety of supply. Research on the role of WTP for service standards in regulating price and service quality is required to prevent future infrastructure failures. This research will provide substantial economic benefits to Australia through improved regulation and better targeting of infrastructure investment.Read moreRead less
Water derivatives: conceptualisation, price modelling and economic impacts. Introducing water options is likely to provide farmers with more choices on trading their water allocation and enhance water price certainty. Recent seasons have accentuated the potential benefit of water options: regions with highly secure water in the past have suffered repeated shortfalls in allocations. Water options would alter the behaviour of water managers who would need to ensure sufficient carryover to future s ....Water derivatives: conceptualisation, price modelling and economic impacts. Introducing water options is likely to provide farmers with more choices on trading their water allocation and enhance water price certainty. Recent seasons have accentuated the potential benefit of water options: regions with highly secure water in the past have suffered repeated shortfalls in allocations. Water options would alter the behaviour of water managers who would need to ensure sufficient carryover to future seasons to allow for drought. Options markets may improve the allocation of water between competing users. Such markets, by reducing uncertainty, may reduce excessive adjustment costs arising from drought by improving water access security.Read moreRead less