Inequality of opportunity in Australia. This project aims to develop econometric approaches for identifying opportunity gaps in Australia and other developed countries. Inequality of opportunity arises when the birth lottery or external factors in later life, rather than personal efforts, determine a person’s chances of economic success. A high level of inequality of opportunity holds people back from realising their potential and from contributing productively to society. The project will focus ....Inequality of opportunity in Australia. This project aims to develop econometric approaches for identifying opportunity gaps in Australia and other developed countries. Inequality of opportunity arises when the birth lottery or external factors in later life, rather than personal efforts, determine a person’s chances of economic success. A high level of inequality of opportunity holds people back from realising their potential and from contributing productively to society. The project will focus on the effect of inequality of opportunity on income, health and education with special emphasis placed on Indigenous and migrant populations. The findings should help formulate cost-efficient policy interventions aimed at levelling the economic playing field.Read moreRead less
Analysis of Drug Consumption in Australia Using New Microeconometric Techniques for Unit Record Data. The consumption of licit and illicit recreational drugs and its adverse health, social and economic effects are everyday topics in Australian society. Much debate has surrounded government drug policies implemented through education, legislation and taxation. This study will provide comprehensive empirical knowledge of Australians' consumption of alcohol, tobacco, prescription drugs for non-med ....Analysis of Drug Consumption in Australia Using New Microeconometric Techniques for Unit Record Data. The consumption of licit and illicit recreational drugs and its adverse health, social and economic effects are everyday topics in Australian society. Much debate has surrounded government drug policies implemented through education, legislation and taxation. This study will provide comprehensive empirical knowledge of Australians' consumption of alcohol, tobacco, prescription drugs for non-medical purpose, and illicit drugs such as heroin and cocaine. It will help identify social, economic and demographic determinants of drug consumption, information which is invaluable for targeting drug policies and education programs. New microeconometric techniques will also be developed that have wide application in other fields.Read moreRead less
An Econometric Analysis of Labour Market, Health and Educational Consequences of Cannabis Use. This research will provide comprehensive empirical knowledge about the linkages between cannabis use, health, education, employment and earnings in Australia. Understanding these linkages is important because although cannabis is a commonly used drug, it is unclear how its use impacts on these important aspects of overall wellbeing and productivity. The knowledge gained from this research will contrib ....An Econometric Analysis of Labour Market, Health and Educational Consequences of Cannabis Use. This research will provide comprehensive empirical knowledge about the linkages between cannabis use, health, education, employment and earnings in Australia. Understanding these linkages is important because although cannabis is a commonly used drug, it is unclear how its use impacts on these important aspects of overall wellbeing and productivity. The knowledge gained from this research will contribute towards designing policies that encourage Australians to make choices that lead to positive pathways, so that they may achieve healthy lifetime outcomes. Productive and healthy outcomes for individuals will contribute to healthy economic outcomes for Australia.Read moreRead less
Risk management and funding structures: an econometric panel data analysis of health insurance in Australia. This research analyses how subsidies to Australian health insurance, both public and private, vary by income, risk of loss, age and region. It will provide the necessary information to guide future health funding by analysing the equity and efficiency of existing subsidies and alternative subsidies related to individuals' risk of high health costs.
New methods for solving large models with rational expectations. This project aims to introduce innovative numerical methods to economic modelling to overcome computational barriers associated with the formation of expectations by households and investors. The outcome will be economic models that include sophisticated rational expectations specifications while retaining considerable industry, regional and occupational disaggregation. There will be benefits to economic policy by broadening the r ....New methods for solving large models with rational expectations. This project aims to introduce innovative numerical methods to economic modelling to overcome computational barriers associated with the formation of expectations by households and investors. The outcome will be economic models that include sophisticated rational expectations specifications while retaining considerable industry, regional and occupational disaggregation. There will be benefits to economic policy by broadening the range of questions that can be answered by detailed models and there will be benefits in the research community by providing a platform for examining dynamics in large-scale economic systems.Read moreRead less
Next generation computable general equilibrium modelling for economic policy formulation and evaluation. The aim of this project is to create the next generation of computable general equilibrium (CGE) models. The project will do this by introducing into the CGE framework theoretical structures and data from engineering and environmental studies as well as from modern macroeconomics, labour economics, industrial organization, monetary economics and behavioural economics. CGE models are used by ....Next generation computable general equilibrium modelling for economic policy formulation and evaluation. The aim of this project is to create the next generation of computable general equilibrium (CGE) models. The project will do this by introducing into the CGE framework theoretical structures and data from engineering and environmental studies as well as from modern macroeconomics, labour economics, industrial organization, monetary economics and behavioural economics. CGE models are used by governments throughout the world to assist in policy formulation. The outcome of the project will be to improve the application of CGE models in the areas of: trade; environment; energy; immigration; public finance; and macro stimulation. Read moreRead less
The econometrics of gravity models of trade: a re-assessment. This research will lead a much greater understanding of the empirical determinants of trade flows between countries. This project will apply cutting-edge data econometric techniques to the popular Gravity model of international trade flows. These more appropriate techniques will shed more light on some previous puzzling findings, such that regional trade agreements had little, or no, affect on trade.
Estimation of the continuous piecewise linear model and macroeconomic applications. Relationships between economic variables are often characterised by non-linearities. This project develops a method to analyse a type of non-linearity that is frequently encountered in economics and uses this method to study four specific applications concerning the dynamics of inflation, growth, and the exchange rate.
New Insights on Modelling Time Trends with Panel Data: Theory and Practice. This project aims to tackle important challenges in time trend modelling by taking advantage of panel data structures. This project expects to propose flexible models in time trend modelling to retrieve reliable inference. The expected outcomes include innovative econometric models and methods that have a wide range of applications, and are particularly suited for empirical problems within large and complex systems. This ....New Insights on Modelling Time Trends with Panel Data: Theory and Practice. This project aims to tackle important challenges in time trend modelling by taking advantage of panel data structures. This project expects to propose flexible models in time trend modelling to retrieve reliable inference. The expected outcomes include innovative econometric models and methods that have a wide range of applications, and are particularly suited for empirical problems within large and complex systems. This will provide significant benefits to all fields in which data displays any form of trending behaviour. The proposed model is used to evaluate the economic consequences of climate change and global housing market contagion, which provide strong evidence-based insights to the environmental and economic policies in Australia.Read moreRead less
Micro-panel data with non-linear error components. This project aims to develop methods for panel data models with heterogeneous marginal effects and discrete choice outcomes, controlling for unobserved common factors and nonlinear error components; and apply the methodologies to analyse alcohol-fuelled violence and drug-related harm in Australia. The project lies at the forefront of advances in econometrics, and the outcomes are expected to broaden and deepen Australia’s knowledge base. Empiric ....Micro-panel data with non-linear error components. This project aims to develop methods for panel data models with heterogeneous marginal effects and discrete choice outcomes, controlling for unobserved common factors and nonlinear error components; and apply the methodologies to analyse alcohol-fuelled violence and drug-related harm in Australia. The project lies at the forefront of advances in econometrics, and the outcomes are expected to broaden and deepen Australia’s knowledge base. Empirical outcomes should inform and evaluate evidence-based policy interventions for crime prevention, and influence policy making about public transport and economic growth.Read moreRead less