Economic modelling for Australia and the USA: forecasts, policy analysis and comparative studies of technology and labour market adjustment. This project involves: a fundamental overhaul of MONASH, a widely used detailed dynamic model of the Australian economy; the creation of MONASH-USA for the United States; and several model-based Australia/US comparisons. MONASH's database and parameters will be updated, and its theoretical specification improved. MONASH-USA will be an advance over existing ....Economic modelling for Australia and the USA: forecasts, policy analysis and comparative studies of technology and labour market adjustment. This project involves: a fundamental overhaul of MONASH, a widely used detailed dynamic model of the Australian economy; the creation of MONASH-USA for the United States; and several model-based Australia/US comparisons. MONASH's database and parameters will be updated, and its theoretical specification improved. MONASH-USA will be an advance over existing US models and will generate policy results of interest both in the United States and Australia. MONASH-USA will have an excellent database and is likely to produce insights on parameter estimation. These will be applicable in Australia. Together, MONASH and MONASH-USA will facilitate comparative studies of technology and labour-market performance.Read moreRead less
Evaluating Research Policy in Australian Broadacre Agriculture - Accounting for Interactions between the Beef, Sheep Meat, Wool, and Grains Industries. This project studies the returns from R&D investments in Australia's broadacre agricultural industries and equity in the funding of these investments. The contribution is to explicitly recognise the interaction across cattle, sheep and cropping enterprises, while past analyses have been single industry approach. Econometric models of multi-output ....Evaluating Research Policy in Australian Broadacre Agriculture - Accounting for Interactions between the Beef, Sheep Meat, Wool, and Grains Industries. This project studies the returns from R&D investments in Australia's broadacre agricultural industries and equity in the funding of these investments. The contribution is to explicitly recognise the interaction across cattle, sheep and cropping enterprises, while past analyses have been single industry approach. Econometric models of multi-output profit function for Australian broadacre agriculture and demand systems involving these products are estimated. A multi-industry equilibrium displacement model is developed to simulate the incidence of both costs and returns of agricultural R&D, with cross-industry interaction recognised. The project is likely to contribute to the way agricultural research is administered and funded in Australia.Read moreRead less
Innovation in Australia: Measurement, performance, systems, dynamics and change. This project will produce a comprehensive, integrated analysis of Australia's national innovation system. Through a combination of recent theoretical and conceptual insights and robust empirical analysis the partners will address one of the most pressing issues confronting Australian industrial and research policy. The project will analyze the changes occurring in Australia's innovation system and the drivers beh ....Innovation in Australia: Measurement, performance, systems, dynamics and change. This project will produce a comprehensive, integrated analysis of Australia's national innovation system. Through a combination of recent theoretical and conceptual insights and robust empirical analysis the partners will address one of the most pressing issues confronting Australian industrial and research policy. The project will analyze the changes occurring in Australia's innovation system and the drivers behind them. It will examine the inter-relationships in the development of the innovation system and particular important industrial clusters within it. It will study the impact of globalization, and will compare Australia's innovation system and performance with that of Finland and Canada.Read moreRead less
Driving Innovation: Mixing, Matching and Transforming Knowledge-Intensive Services into Innovation. The principal aim of the project is to elucidate the ways in which firms mix and match internally and externally provided knowledge intensive services to build the capability and competences needed for sustained innovation. By investigating an area of innovation largely overlooked by international and Australian analysts, the project aims to provide policy makers with substantial analytical and em ....Driving Innovation: Mixing, Matching and Transforming Knowledge-Intensive Services into Innovation. The principal aim of the project is to elucidate the ways in which firms mix and match internally and externally provided knowledge intensive services to build the capability and competences needed for sustained innovation. By investigating an area of innovation largely overlooked by international and Australian analysts, the project aims to provide policy makers with substantial analytical and empirical insights as the basis for more effective industrial development strategy. The project is rooted and develops from parallel work by 12 OECD countries to provide unequalled access for Australian policymakers to comparative data from many of Australia's partner nations.Read moreRead less
China's Industrialisation and Demand for Energy and Minerals. Understanding China's medium and long-term growth prospects and the implications for both demand and supply of resources are critically important to Australian economic policy and performance, as well as to investment decisions of Australian resource producers, and professional decisions of Australians in a wide range of occupations. Analysis of the medium and long-term demand for resources from China would be beneficial for Australia ....China's Industrialisation and Demand for Energy and Minerals. Understanding China's medium and long-term growth prospects and the implications for both demand and supply of resources are critically important to Australian economic policy and performance, as well as to investment decisions of Australian resource producers, and professional decisions of Australians in a wide range of occupations. Analysis of the medium and long-term demand for resources from China would be beneficial for Australian resource industries. It is also important to Australian budget, education and infrastructure policy. Increasing Chinese demand for resources will be critical in shaping global environmental policies.Read moreRead less
Robust Optimal Asset Liability Management via Stochastic Control Theory. The Australian federal and state governments are strongly exposed to the Australian and international investment markets, either directly or through entities such as the Future Fund, state-owned insurers and superannuation schemes. Additionally, the investment pool represented by individual Australian's superannuation savings managed by non-government organisations is significant. Robust and effective management of these ....Robust Optimal Asset Liability Management via Stochastic Control Theory. The Australian federal and state governments are strongly exposed to the Australian and international investment markets, either directly or through entities such as the Future Fund, state-owned insurers and superannuation schemes. Additionally, the investment pool represented by individual Australian's superannuation savings managed by non-government organisations is significant. Robust and effective management of these assets in order to meet future liabilities of these funds are essential to a stable Australian economy. This research has the potential to be a key component of reliable investment management, helping make Australia an important investment hub.Read moreRead less