Mining venture risk: novel econometric methods to integrate joint financial and geological uncertainty into dynamic risk forecasting measures. The mining industry is nationally important: it contributed $33,927M to Australia's GDP in 2002-3. This project's outcomes - sophisticated statistical and econometric tools - will significantly improve capability for forecasting overall risk to mining projects requiring vast upfront, irreversible investments, and contribute to its efficiency and internati ....Mining venture risk: novel econometric methods to integrate joint financial and geological uncertainty into dynamic risk forecasting measures. The mining industry is nationally important: it contributed $33,927M to Australia's GDP in 2002-3. This project's outcomes - sophisticated statistical and econometric tools - will significantly improve capability for forecasting overall risk to mining projects requiring vast upfront, irreversible investments, and contribute to its efficiency and international competitiveness. Innovative methods driven by data from complex financial and geological systems will integrate price volatility risk and orebody uncertainty in a real options framework, providing holistic, rigorous measurement of mining venture risk. Xstrata Queensland Ltd will strongly support and participate in research training of an identified candidate to deliver discoveries to the wider industry.Read moreRead less
Regional Comparisons of Prices, Income and Growth in Australia. We will measure how much the cost of living and rates of inflation differ across the eight capital cities in Australia, and then test whether real per capita income levels across cities are converging or diverging over time. To make such comparisons, the ABS's databases on each capital city must first be harmonized. While doing this we will review the ABS's current procedures for data construction and quality assessment. A further a ....Regional Comparisons of Prices, Income and Growth in Australia. We will measure how much the cost of living and rates of inflation differ across the eight capital cities in Australia, and then test whether real per capita income levels across cities are converging or diverging over time. To make such comparisons, the ABS's databases on each capital city must first be harmonized. While doing this we will review the ABS's current procedures for data construction and quality assessment. A further aim is to show how statistical modelling using spanning-tree methods can resolve the conflict that arises for price indexes constructed on panel data sets between temporal and spatial consistency.Read moreRead less