The World Economy, India and Exchange Banks: 1850 - 1914. This project aims to examine how exchange banks linked India to an expanding world economy between 1850 and 1914, and to show, in turn, how this process was defined by an imperial relationship that tied India to Britain. Its significance lies in the fact that while the exchange banks were central to the circulation of capital during this period, their crucial role in shaping the development of capitalism in India has been largely ignored. ....The World Economy, India and Exchange Banks: 1850 - 1914. This project aims to examine how exchange banks linked India to an expanding world economy between 1850 and 1914, and to show, in turn, how this process was defined by an imperial relationship that tied India to Britain. Its significance lies in the fact that while the exchange banks were central to the circulation of capital during this period, their crucial role in shaping the development of capitalism in India has been largely ignored. Expected outcomes include conference presentations, at least three articles, a monograph, and a digitised map that links time and space in outlining the spread of such banks.Read moreRead less
Energy transitions: past, present and future. Uncertainty about the costs of transitioning to a low carbon economy in Australia and other countries will be reduced by improving our knowledge of the costs of reducing fossil fuel use and the role of energy in economic growth. Energy economics research capabilities in Australia will be enhanced.
Inequality, Trade, and Technology. This project aims to improve our understanding of the causes of rising income inequality in the world economy and in Australia since the early 1980s. We focus on the increasing building costs and imports of machinery as significant contributors to the increasing inequality. We hypothesize 1) that the increasing costs of buildings have reduced the demand for workers that are complementary to non-residential building capital; thus, reducing real wages; and 2) tha ....Inequality, Trade, and Technology. This project aims to improve our understanding of the causes of rising income inequality in the world economy and in Australia since the early 1980s. We focus on the increasing building costs and imports of machinery as significant contributors to the increasing inequality. We hypothesize 1) that the increasing costs of buildings have reduced the demand for workers that are complementary to non-residential building capital; thus, reducing real wages; and 2) that the marked increase in imports of machinery since the 1960s has reduced the demand for unskilled labour and widened the employment and wage gap between skilled and unskilled labour. Both factors may have driven the increasing inequality in Australia.
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Inequality and economic growth. This project aims to identify forces driving inequality. Piketty’s influential book, Capital in the 21st Century, stimulated research on inequality to address the increased public concern about inequality and its side-effects such as reduced growth. Piketty proposes three laws that explain and predict inequality paths over time, but there is no empirical evidence or theoretical foundations for these laws. This project will examine Piketty’s laws and investigate fa ....Inequality and economic growth. This project aims to identify forces driving inequality. Piketty’s influential book, Capital in the 21st Century, stimulated research on inequality to address the increased public concern about inequality and its side-effects such as reduced growth. Piketty proposes three laws that explain and predict inequality paths over time, but there is no empirical evidence or theoretical foundations for these laws. This project will examine Piketty’s laws and investigate factors that shape inequality and its relation to growth. This knowledge should enable Australian governments to reduce inequality and benefit economic growth, thereby reducing disadvantage and building stronger, more resilient communities.Read moreRead less
Sustaining India's economic transformation: challenges, prospects and implications for Australia and the Pacific region. India's emergence from economic stagnation is beginning to have a profound impact on the world economy, including Australia. This project aims to investigate the sources of India's growth and the reforms needed to ensure that growth generates reductions in poverty and ensures equity and political stability.
Economic Growth and Real Exchange Rates. Exchange rate movements are important elements of Australia's economic environment. Protectionist interests in the US and Europe, constrained by WTO trade rules, accuse East Asian economies of deliberate undervaluation. While exchange rate movements are not readily predictable in the short run, long run changes in underlying real exchange rates are amenable to economic analysis using structural models. The clearer understanding of these forces, toward ....Economic Growth and Real Exchange Rates. Exchange rate movements are important elements of Australia's economic environment. Protectionist interests in the US and Europe, constrained by WTO trade rules, accuse East Asian economies of deliberate undervaluation. While exchange rate movements are not readily predictable in the short run, long run changes in underlying real exchange rates are amenable to economic analysis using structural models. The clearer understanding of these forces, toward which this project is directed, will better guide investment in the region, including in Australia, and more importantly, it will better inform future policy debates surrounding currency movements.Read moreRead less
Government, Institutions and Economic Activity: A Long Term Analysis. Using national and regional data for 30 to 50 countries over multiple centuries, this project will examine the effects of itemised government expenditure and revenue on productivity, investment, saving, labour force participation and research and development. The results are expected to shed light on the macroeconomic effects of different revenue and spending categories (education, transfers, and so on). In addition, the proje ....Government, Institutions and Economic Activity: A Long Term Analysis. Using national and regional data for 30 to 50 countries over multiple centuries, this project will examine the effects of itemised government expenditure and revenue on productivity, investment, saving, labour force participation and research and development. The results are expected to shed light on the macroeconomic effects of different revenue and spending categories (education, transfers, and so on). In addition, the project aims to determine which factors have been responsible for the increase of government size over the past two centuries. The results aim to further reveal which government revenue and expenditure items are most conducive to economic welfare and growth.Read moreRead less
Nanny state or good public policy: Do the benefits of mandatory health programs justify the loss of consumer choice? Governments are increasingly turning to mandatory programs to improve health. Such programs are appealing because there are high health benefits from universal participation and low costs for promotion and monitoring the program. However, this apparent benefit relies on restriction of personal choice, which may impose welfare losses on consumers. Evaluations generally ignore loss ....Nanny state or good public policy: Do the benefits of mandatory health programs justify the loss of consumer choice? Governments are increasingly turning to mandatory programs to improve health. Such programs are appealing because there are high health benefits from universal participation and low costs for promotion and monitoring the program. However, this apparent benefit relies on restriction of personal choice, which may impose welfare losses on consumers. Evaluations generally ignore loss of choice, despite evidence suggesting consumers value the ability to choose. This study will estimate the impact and value this loss of consumer choice, explore program specific factors and consumer characteristics influencing the valuation, and determine whether and how restricted choice should be explicitly considered when evaluating public health programs.Read moreRead less
FINANCIAL (IN)SECURITY IN LATER LIFE: WOMEN, WORK , SUPERANNUATION AND AUSTRALIA'S RETIREMENT INCOME SYSTEM. An ageing population is expected to contribute to significant demographic, social and labour market shifts, which, together with fiscal stresses, will affect the future mix of state and private retirement income provisions. However, gender-based issues associated with these changes remain under-researched. Using a life-course approach qualitative methodologies will be used to explore inte ....FINANCIAL (IN)SECURITY IN LATER LIFE: WOMEN, WORK , SUPERANNUATION AND AUSTRALIA'S RETIREMENT INCOME SYSTEM. An ageing population is expected to contribute to significant demographic, social and labour market shifts, which, together with fiscal stresses, will affect the future mix of state and private retirement income provisions. However, gender-based issues associated with these changes remain under-researched. Using a life-course approach qualitative methodologies will be used to explore inter-relationships between: women's workforce participation, education, marital status, fertility, financial literacy; retirement incomes;concessions, benefits; and women's economic security in later years. The research will make a significant contribution to the development and implementation of retirement income policy and the debate on gender equity in the labour market. Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE180101503
Funder
Australian Research Council
Funding Amount
$357,996.00
Summary
Using improved markets to reduce over-extraction of groundwater. This project aims to investigate the key aspects needed for a successful groundwater market, including extraction limits, innovative trading systems and reasonable transaction costs. The outcomes of the project can contribute to environmental benefits that minimise short-term financial losses to irrigators. The project also expects to enhance the capacity of water agencies to implement cap and trade systems that can reduce over-ext ....Using improved markets to reduce over-extraction of groundwater. This project aims to investigate the key aspects needed for a successful groundwater market, including extraction limits, innovative trading systems and reasonable transaction costs. The outcomes of the project can contribute to environmental benefits that minimise short-term financial losses to irrigators. The project also expects to enhance the capacity of water agencies to implement cap and trade systems that can reduce over-extraction.Read moreRead less