International Trade Policy and the Dynamics of Open Economies. The project is concerned with the relationship between an open economy's international trading conditions and the allocation of resources within the economy, particularly over time (dynamic effects). The trading conditions reflect international markets and governments' trade policies. The dynamic effects upon the economy include the rate of growth, saving and inter-generation welfare. The models developed to study these relationship ....International Trade Policy and the Dynamics of Open Economies. The project is concerned with the relationship between an open economy's international trading conditions and the allocation of resources within the economy, particularly over time (dynamic effects). The trading conditions reflect international markets and governments' trade policies. The dynamic effects upon the economy include the rate of growth, saving and inter-generation welfare. The models developed to study these relationships will link international markets with domestic and future markets in a unified and consistent manner. The outcomes include a better theoretical understanding of these relationships and empirical inter-temporal models for the Australian economy that permit measurement of these dynamic effects.Read moreRead less
Global Economic Consequences of Korean Re-unification. This research aims to model the economic implications of Korean re-unification and explore the spill-overs to key economies in the region, including Australia. The approach is understood to be first to develop a model for the existing North Korean economy in collaboration with South Korean researchers at Korea University. This model is intended to be embedded in an existing global economic model. The project aims to then explore scenarios of ....Global Economic Consequences of Korean Re-unification. This research aims to model the economic implications of Korean re-unification and explore the spill-overs to key economies in the region, including Australia. The approach is understood to be first to develop a model for the existing North Korean economy in collaboration with South Korean researchers at Korea University. This model is intended to be embedded in an existing global economic model. The project aims to then explore scenarios of integration between North and South Korea focusing on changing production structure, development in human capital formation, technology transfer, immigration flows within a unified Korea and the impact on trade and financial flows that may result from different scenarios of how unification will proceed.Read moreRead less