Growth, Trade, and Economic Development in Asia. Future growth in Asia has strong implications for growth, relative wages, skill levels, human capital accumulation and trade in Australia. This project seeks to gain insight into whether the high economic growth rates experienced in Asia will continue into the future and whether low income Asian countries will take off in the future. This information will be used to simulate future demand for skills, relative wages, trade and the incentives to inv ....Growth, Trade, and Economic Development in Asia. Future growth in Asia has strong implications for growth, relative wages, skill levels, human capital accumulation and trade in Australia. This project seeks to gain insight into whether the high economic growth rates experienced in Asia will continue into the future and whether low income Asian countries will take off in the future. This information will be used to simulate future demand for skills, relative wages, trade and the incentives to invest in Australia and give insight into the effects of various policies in Australia on educational decision, skill composition, relative wages, trade and growth.Read moreRead less
Human Capital, Innovations and Economic Growth. This project examines the effects of human capital on economic growth and international knowledge spillovers and the social returns to schooling. Furthermore, the project investigates the role played by human capital and innovations in explaining why Australia has not been able to maintain its leading position in the world over the past 135 years. To that end human capital is estimated for the OECD countries. The project addresses Research Priority ....Human Capital, Innovations and Economic Growth. This project examines the effects of human capital on economic growth and international knowledge spillovers and the social returns to schooling. Furthermore, the project investigates the role played by human capital and innovations in explaining why Australia has not been able to maintain its leading position in the world over the past 135 years. To that end human capital is estimated for the OECD countries. The project addresses Research Priority 3 by examining the role played by education in promoting an innovative culture and enhancing the capacity to absorb world frontier technology. Read moreRead less
Adding value to natural advantage through business clustering:Winners and losers along the Murray River. In terms of river-based business activity, the success of cities located on the Murray River, such as Albury/Wodonga, Echuca, Swan Hill and Mildura varies. We shall identify how some towns along the river have added value to the natural advantage of the river through business clustering while others have not. Processes by which successful communities have gained and retain advantage will be ....Adding value to natural advantage through business clustering:Winners and losers along the Murray River. In terms of river-based business activity, the success of cities located on the Murray River, such as Albury/Wodonga, Echuca, Swan Hill and Mildura varies. We shall identify how some towns along the river have added value to the natural advantage of the river through business clustering while others have not. Processes by which successful communities have gained and retain advantage will be compared with strategies applied by less successful towns. The concept of business clustering not only permits regional diversity to be more readily understood, but points to future initiatives for less successful regions.Read moreRead less
Financial development, liberalisation and productivity growth. The analysis performed in this project will provide some new insights into the role of financial policies in bolstering productivity growth. This issue deserves more attention from the policy circle given that a better understanding of the mechanisms by which finance affects growth performance allows policy makers to evaluate the costs and benefits associated with liberalising and deepening the financial systems, thus enabling the fo ....Financial development, liberalisation and productivity growth. The analysis performed in this project will provide some new insights into the role of financial policies in bolstering productivity growth. This issue deserves more attention from the policy circle given that a better understanding of the mechanisms by which finance affects growth performance allows policy makers to evaluate the costs and benefits associated with liberalising and deepening the financial systems, thus enabling the formulation of effective financial policies. This understanding is critical to achieve the Australian policy makers' objective of promoting financial stability and strengthening growth.Read moreRead less