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Setting Priorities for Services Trade Reform. Services could be a deal maker in the Doha Round of trade negotiations, and Australia has much to gain if developing countries can be persuaded to make commercially meaningful commitments to liberalise services trade. Australia will also gain if the economies of the region are strengthened through regulatory reform. And Australia can gain from further regulatory reform at home. To these ends, the project will provide new understanding of regulatory b ....Setting Priorities for Services Trade Reform. Services could be a deal maker in the Doha Round of trade negotiations, and Australia has much to gain if developing countries can be persuaded to make commercially meaningful commitments to liberalise services trade. Australia will also gain if the economies of the region are strengthened through regulatory reform. And Australia can gain from further regulatory reform at home. To these ends, the project will provide new understanding of regulatory best practice that will reveal the priorities for services trade reform. Read moreRead less
International Trade, Climate Change and Economic Policy. The research project addresses the role of, and interactions between, environmental and international trade policies within the context of a global economy with increasingly open economies whose production and consumption activities generate emissions of greenhouse gases that accumulate in the atmosphere and have potentially adverse effects on the world’s climate, which then impacts the environment, production and households. The objective ....International Trade, Climate Change and Economic Policy. The research project addresses the role of, and interactions between, environmental and international trade policies within the context of a global economy with increasingly open economies whose production and consumption activities generate emissions of greenhouse gases that accumulate in the atmosphere and have potentially adverse effects on the world’s climate, which then impacts the environment, production and households. The objective is to develop better understanding of the nexus between the international economy, climate change through the environment, and international trade and environmental policies. It will achieve this objective by analyses of multi-country models of international trade, climate change and policy design.Read moreRead less
Economic analyses of partial equity ownership arrangements: theory, evidence, and policy implications. Partial equity ownership (PEO) arrangements have become prevalent and significant phenomena in modern economies. This project will develop comprehensive analytical frameworks for antitrust agencies, including the Australian Competition and Consumer Commission, to analyse the antitrust consequences of PEO arrangements and assess their impacts on consumers and society.
A Neo-Heckscher-Ohlin Model of Trade with Endogenous Production Patterns. The ongoing debate regarding the expected benefits of the recent trade agreement with the United States exemplifies that few aspects of international trade are well understood. Using inframarginal analysis, an approach developed by co-investigator 1, we expect to be able to advance our understanding in this field by producing what is arguably the most generalised model of trade. This will constitute an important accomplish ....A Neo-Heckscher-Ohlin Model of Trade with Endogenous Production Patterns. The ongoing debate regarding the expected benefits of the recent trade agreement with the United States exemplifies that few aspects of international trade are well understood. Using inframarginal analysis, an approach developed by co-investigator 1, we expect to be able to advance our understanding in this field by producing what is arguably the most generalised model of trade. This will constitute an important accomplishment that is likely to attract both international academic interest and international research funds to Australian research. In addition, as our model will be calibrated on the basis of our domestic production characteristics, our work will shed light on the socially optimum trade policy directions for Australia.Read moreRead less
Political economy of distortions to global agricultural markets. Farmers, agribusiness and governments in Australia and other food-exporting nations have put enormous efforts into seeking reductions in agricultural protectionism, particularly in the past two decades via the Cairns Group in GATT/WTO negotiations but also in bilateral and regional integration initiatives. Yet levels of protection have fallen little for agriculture relative to manufacturing in high-income countries, and in some new ....Political economy of distortions to global agricultural markets. Farmers, agribusiness and governments in Australia and other food-exporting nations have put enormous efforts into seeking reductions in agricultural protectionism, particularly in the past two decades via the Cairns Group in GATT/WTO negotiations but also in bilateral and regional integration initiatives. Yet levels of protection have fallen little for agriculture relative to manufacturing in high-income countries, and in some newly industrializing countries that indicator has been rising. Improving our understanding as to why that is the case will ensure Australia gets a better return from its investment in that area of commercial diplomacy.Read moreRead less
Globalization, WTO and sustainable development: new challenges, opportunities and implications for Australia. Australia is benefiting greatly from opening its economy and encouraging the same in its trading partners, particularly through the World Trade Organization (WTO). A major new challenge is to ensure that the WTO continues to enhance economic welfare by responding to recent criticisms levelled at it by anti-globalization groups. This project will analyse those groups' claims about the eff ....Globalization, WTO and sustainable development: new challenges, opportunities and implications for Australia. Australia is benefiting greatly from opening its economy and encouraging the same in its trading partners, particularly through the World Trade Organization (WTO). A major new challenge is to ensure that the WTO continues to enhance economic welfare by responding to recent criticisms levelled at it by anti-globalization groups. This project will analyse those groups' claims about the effects of trade and investment policy reforms, and of WTO rules and other contributors to globalization, by going beyond the traditional economic effects to examine effects on income distribution, poverty alleviation, the environment, labour, and food safety and security.Read moreRead less
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.
Income and well-being: Evidence from international commodity price shocks. This project aims to examine the effects of income from international commodity price windfalls on peoples’ well-being. Exports of natural resources (iron, coal and copper) are an important source of income for the Australian economy. International prices for these commodities have declined in recent years, lowering national income. The project will analyse both objective and subjective measures of well-being at both the ....Income and well-being: Evidence from international commodity price shocks. This project aims to examine the effects of income from international commodity price windfalls on peoples’ well-being. Exports of natural resources (iron, coal and copper) are an important source of income for the Australian economy. International prices for these commodities have declined in recent years, lowering national income. The project will analyse both objective and subjective measures of well-being at both the cross-country time-series and the sub-national levels, tailored to the Australian economy. It is expected that the project’s findings will benefit academia, public policy makers and everyday people. The project will inform academics and policy makers about how income from international commodity price windfalls affects peoples' well-being.Read moreRead less
Trade and investment in the face of declining international cooperation. This project aims to investigate the impact and policy implications of trade and investment policies in a world trade system facing increasing uncertainty. The project intends to gain an improved understanding of investment regulations like Investor State Dispute Settlement (ISDS) agreements and their impact on trade and foreign direct investment. Expected outcomes include new theories for the breakdown of international agr ....Trade and investment in the face of declining international cooperation. This project aims to investigate the impact and policy implications of trade and investment policies in a world trade system facing increasing uncertainty. The project intends to gain an improved understanding of investment regulations like Investor State Dispute Settlement (ISDS) agreements and their impact on trade and foreign direct investment. Expected outcomes include new theories for the breakdown of international agreements and their effects on third world countries as well as empirical methods that allow for a quantification of the welfare and employment effects of investment policies like ISDS. This project should provide benefits by informing government policy makers to improve Australia’s trade and investment policies.Read moreRead less
Trade policy, firm entry and welfare. This project aims to quantify the effects of global tariff cuts on international trade volumes, firm entry and consumer welfare. Tariffs have fallen significantly globally. The project will incorporate international-trade theory into a parsimonious quantitative model of international trade including almost all countries. The project will also compile a comprehensive international database on tariff barriers. The project expects to refine international trade ....Trade policy, firm entry and welfare. This project aims to quantify the effects of global tariff cuts on international trade volumes, firm entry and consumer welfare. Tariffs have fallen significantly globally. The project will incorporate international-trade theory into a parsimonious quantitative model of international trade including almost all countries. The project will also compile a comprehensive international database on tariff barriers. The project expects to refine international trade theory on the effects of tariff reductions on firm entry into markets; estimate the effects of actual multilateral and preferential tariff reductions; create a tool for evaluating trade and industrial policy; and disseminate international tariff databases.Read moreRead less