Adaptive economic management of Australia's urban water. This project responds to the so-called 'wicked problem' of ensuring an adequate supply of water to urban consumers at the lowest price even during long-term droughts. The project will generate, for the first time in the world, an integrated, dynamic, and adaptive supply and demand model to manage urban water optimally over time.
Discovery Early Career Researcher Award - Grant ID: DE120101426
Funder
Australian Research Council
Funding Amount
$375,000.00
Summary
Understanding industrialisation, entrepreneurship, and technology adoption in emerging economies: new evidence from historical Japanese firms. Japan's pre-war industrialisation is widely used as a model by emerging economies, despite a lack of detailed data. This project provides a new firm-level dataset from hitherto unused archives, which allows empirical testing of theories about entrepreneurial activity, technology adoption, financial access, and other determinants of economic growth.
A New Phase and New Issues of Rural-Urban Migration in China. China’s urbanisation has come to a turning point. The large pool of rural young workers (16-25 years of age), which fed the industrialisation needs of the 1990s and 2000s, has exhausted. Future growth needs to rely on the increase in the length of stay of the existing migrants and the increase in older new migrants. Due to this shift, the institutional restrictions, which deter family migration, become the key challenge. This project ....A New Phase and New Issues of Rural-Urban Migration in China. China’s urbanisation has come to a turning point. The large pool of rural young workers (16-25 years of age), which fed the industrialisation needs of the 1990s and 2000s, has exhausted. Future growth needs to rely on the increase in the length of stay of the existing migrants and the increase in older new migrants. Due to this shift, the institutional restrictions, which deter family migration, become the key challenge. This project examines the cost of the migration restrictions (shortened labour supply and reduced human capital accumulation for the current and next generation migrants: their education, health and pro-social behaviour); and the best way to reform the restrictions on family migration and the priority for the reform.Read moreRead less
Understanding online attention and user-generated content creation: An information consumption and production perspective. There is a strong practical need for methods for understanding and measuring online behaviour. In this project, economic index number theory will be used to study information consumption, leading to new ways of measuring online attention and influence. Techniques for studying scaling relationships in the physical world will be used to study information production, leading to ....Understanding online attention and user-generated content creation: An information consumption and production perspective. There is a strong practical need for methods for understanding and measuring online behaviour. In this project, economic index number theory will be used to study information consumption, leading to new ways of measuring online attention and influence. Techniques for studying scaling relationships in the physical world will be used to study information production, leading to new insights into the efficiency of production of user-generated content. The project will contribute to understanding how social media such as Twitter contribute to social unrest and affect consumer decisions, and how distributed online collaboration can produce economically-valuable information resources such as Wikipedia.Read moreRead less
Innovative financing mechanisms for higher education. Advances in statistical modelling are used to highlight the potential to apply creatively income contingent loans for the expansion of Australian and international higher education. Alternative student loan mechanisms for income support and tuition are critically analysed, and new arrangements are proposed for equitable reforms in higher education.
A new approach to stability analysis for economic systems. This project will provide a new methodology for analysing stability in economic systems. By enhancing our understanding of stability and instability in markets for assets, credit, commodities and natural resources, this project will help economists forecast likely outcomes and improve the formulation of related economic policy.
International coalitions for climate change mitigation: the role of carbon market linkages and trade restrictions. This project uses cooperative game theory, implementation theory and agent-based modelling to investigate how coalitions to reduce greenhouse gas emissions could be formed and maintained among countries. Applications include the role of carbon market linkage and trade policy, in countries of the Asia-Pacific region.
Frontiers of Risk Modelling: Dependence and Extremes of Levy Processes. This project plans to continue an ongoing theoretical study into continuous-time stochastic processes, concentrating on developing tools for the further analysis and understanding of extremal and multivariate phenomena with applications to portfolio analysis, value-at risk calculations and complex financial instruments, with particular emphasis on practical applications of the methodologies in the insurance and finance indus ....Frontiers of Risk Modelling: Dependence and Extremes of Levy Processes. This project plans to continue an ongoing theoretical study into continuous-time stochastic processes, concentrating on developing tools for the further analysis and understanding of extremal and multivariate phenomena with applications to portfolio analysis, value-at risk calculations and complex financial instruments, with particular emphasis on practical applications of the methodologies in the insurance and finance industries. Expected outcomes would be of direct interest to these industries as well as having significant mathematical interest.Read moreRead less
Computational methods for solving modern asset pricing models. This project aims to solve a broad range of asset pricing models. Movements in asset prices affect private investors, public sector finances, wealth distribution and business activity levels. Economists have tried to build better models of asset prices, moving away from hyper-rationality and towards realistic features including heterogeneity, habit persistence and bounded rationality. These models’ additional complexity makes them di ....Computational methods for solving modern asset pricing models. This project aims to solve a broad range of asset pricing models. Movements in asset prices affect private investors, public sector finances, wealth distribution and business activity levels. Economists have tried to build better models of asset prices, moving away from hyper-rationality and towards realistic features including heterogeneity, habit persistence and bounded rationality. These models’ additional complexity makes them difficult to solve or to apply to real world problems. The project will use modern hardware and computational tools, insights from economics literature and numerical analysis to provide a set of solution methods for such asset pricing models. This is expected to improve policy analysis and decision making under uncertainty.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE150100795
Funder
Australian Research Council
Funding Amount
$365,000.00
Summary
New approaches to estimating nonlinear time-varying macroeconometric models. Quantitative models are essential for formulating good policies. In a changing world, the analysis should be based on models that allow the behaviour of the economy to change over time. Due to computational limitations, however, one is often restricted to linear models, even when nonlinear ones are more appropriate. This project aims to develop new methods for estimating time-varying nonlinear models. Two important appl ....New approaches to estimating nonlinear time-varying macroeconometric models. Quantitative models are essential for formulating good policies. In a changing world, the analysis should be based on models that allow the behaviour of the economy to change over time. Due to computational limitations, however, one is often restricted to linear models, even when nonlinear ones are more appropriate. This project aims to develop new methods for estimating time-varying nonlinear models. Two important applications are also considered: one investigates how the zero lower bound on interest rates affects the monetary policy transmission mechanism; and, the other examines how uncertainties about monetary and fiscal policy affect economic growth and inflation. This project will have strong practical significance for conducting macroeconomic policy.Read moreRead less