Economic Growth and Real Exchange Rates. Exchange rate movements are important elements of Australia's economic environment. Protectionist interests in the US and Europe, constrained by WTO trade rules, accuse East Asian economies of deliberate undervaluation. While exchange rate movements are not readily predictable in the short run, long run changes in underlying real exchange rates are amenable to economic analysis using structural models. The clearer understanding of these forces, toward ....Economic Growth and Real Exchange Rates. Exchange rate movements are important elements of Australia's economic environment. Protectionist interests in the US and Europe, constrained by WTO trade rules, accuse East Asian economies of deliberate undervaluation. While exchange rate movements are not readily predictable in the short run, long run changes in underlying real exchange rates are amenable to economic analysis using structural models. The clearer understanding of these forces, toward which this project is directed, will better guide investment in the region, including in Australia, and more importantly, it will better inform future policy debates surrounding currency movements.Read moreRead less
Tackling the Tough Problems in Productivity Measurement: Infrastructure, Services and R&D. Productivity is seen as a main driver of economic growth and welfare improvements. Productivity indexes are used in a variety of policy contexts, in particular in determining the effectiveness (or otherwise) of government policies. Most industrialized countries have productivity accounts, but measurement problems persist and may even be more problematic in the future given an expansion in new goods and ser ....Tackling the Tough Problems in Productivity Measurement: Infrastructure, Services and R&D. Productivity is seen as a main driver of economic growth and welfare improvements. Productivity indexes are used in a variety of policy contexts, in particular in determining the effectiveness (or otherwise) of government policies. Most industrialized countries have productivity accounts, but measurement problems persist and may even be more problematic in the future given an expansion in new goods and services. Improved productivity measurement and an improved understanding of its sources can inform aggregate and regional policy. The project includes collaboration with the Australian Bureau of Statistics and the Productivity Commission, with the participation of the Reserve Bank of Australia.Read moreRead less
The impact of Information and Communications Technology (ICT) on economic growth and productivity, and the role of Government Policy. While it is widely agreed that the use of Information and Communications Technology (ICT) has many national benefits, the role of law and policy on the extent of ICT uptake and related productivity effects have not been directly researched. A stronger research base on the role of law and policy on the use and economic effects of ICT can potentially create a numb ....The impact of Information and Communications Technology (ICT) on economic growth and productivity, and the role of Government Policy. While it is widely agreed that the use of Information and Communications Technology (ICT) has many national benefits, the role of law and policy on the extent of ICT uptake and related productivity effects have not been directly researched. A stronger research base on the role of law and policy on the use and economic effects of ICT can potentially create a number of national and community benefits. It can assist Governments and firms to isolate the drivers of the information economy and economic growth; it can facilitate the development of appropriate policy and legislation, and inform better administration of existing policies.Read moreRead less
Literacy and Numeracy, Schooling, Neighbourhoods and Labour Market Success. Our research will assess the role of literacy and numeracy in explaining the educational attainment and labour markets outcomes of young Australians, after accounting for background characteristics and school and neighbourhood effects. By exploiting differences in Australian jurisdictions? school structures, it will enable, for the first time, the direct estimation of the effect of schooling on literacy and numeracy. T ....Literacy and Numeracy, Schooling, Neighbourhoods and Labour Market Success. Our research will assess the role of literacy and numeracy in explaining the educational attainment and labour markets outcomes of young Australians, after accounting for background characteristics and school and neighbourhood effects. By exploiting differences in Australian jurisdictions? school structures, it will enable, for the first time, the direct estimation of the effect of schooling on literacy and numeracy. This will clarify the role of literacy and numeracy in subsequent decisions to acquire more human capital through education. This will enable more precise estimates of the contribution of literacy and numeracy to subsequent labour market outcomes achieved by young Australians.Read moreRead less