Regional Economic Development and Performance: Roles of Leadership and Institutional Factors in Endogenous Growth. Contemporary regional economic development theory emphasises endogenous factors as key determinants of difference in regional economic performance. Leadership and institutional issues require special attention for analysis and in strategy formulation and implementation of regional development plans. This project develops model frameworks for analysing the impact of those endogenous ....Regional Economic Development and Performance: Roles of Leadership and Institutional Factors in Endogenous Growth. Contemporary regional economic development theory emphasises endogenous factors as key determinants of difference in regional economic performance. Leadership and institutional issues require special attention for analysis and in strategy formulation and implementation of regional development plans. This project develops model frameworks for analysing the impact of those endogenous factors on regional economic performance and develops methodologies for their incorporation into regional development strategy, using illustrative case studies. A major book on this topic will result. The collaboration is between researchers at the University of Queensland and George Mason University.Read moreRead less
Biogeography and evolution of Australia's fossil reptiles: A global perspective. Large marine reptiles such as plesiosaurs, and missing links such as legged snakes, are spectacular animals that have captured public attention. This collaboration will directly enhance public museum displays by collecting and preparing these spectacular fossils; many of the fossils found by the CIs are now centerpieces of museum displays (e.g. the SA museum). Also, it will also promote awareness and sustainable u ....Biogeography and evolution of Australia's fossil reptiles: A global perspective. Large marine reptiles such as plesiosaurs, and missing links such as legged snakes, are spectacular animals that have captured public attention. This collaboration will directly enhance public museum displays by collecting and preparing these spectacular fossils; many of the fossils found by the CIs are now centerpieces of museum displays (e.g. the SA museum). Also, it will also promote awareness and sustainable use of the environment: it will facilitate CI Kear in running earthwatch-style ecotourism field trips which promote sustainable use of finite fossil resources by making them commercially valuable to local communities as a source of tourism revenue.Read moreRead less
Modelling Hidden Processes which Drive Economic and Financial Systems. The ability to forecast complex economic systems is crucial to benefit from peak performance, and to prepare for and safeguard against downturn. This project aims to make significant discoveries concerning hidden processes which drive such systems, using rigorous, cutting-edge, flexible econometric methods. Resulting outcomes will be improved understanding of - and ability to forecast - important economic phenomena such as vo ....Modelling Hidden Processes which Drive Economic and Financial Systems. The ability to forecast complex economic systems is crucial to benefit from peak performance, and to prepare for and safeguard against downturn. This project aims to make significant discoveries concerning hidden processes which drive such systems, using rigorous, cutting-edge, flexible econometric methods. Resulting outcomes will be improved understanding of - and ability to forecast - important economic phenomena such as volatility in price series, extremal (risky) behaviour of financial systems, and turning points of the business cycle. Discoveries will be disseminated through published papers and presentations at a major international conference. Ongoing e-research links with France will also be established.Read moreRead less
International linkages between financial and real economy cycles. This project will develop empirical multivariate models of business cycles for different countries, and will study how they are linked via international financial markets. The significance of the project is that the models will integrate previous work done on financial-real economy links in single country settings, and it will explicitly study the effects of disequilibrium in international financial markets (such as overvaluation ....International linkages between financial and real economy cycles. This project will develop empirical multivariate models of business cycles for different countries, and will study how they are linked via international financial markets. The significance of the project is that the models will integrate previous work done on financial-real economy links in single country settings, and it will explicitly study the effects of disequilibrium in international financial markets (such as overvaluation of foreign currency) on individual economies. The project will determine the appropriate domestic monetary policy response to such shocks, and the potential for forecasting both the advent of such shocks and their impact on individual economies.Read moreRead less
Internal capital markets, divisional rent-seeking and optimal incentives: theory and evidence. There exists a considerable gap between real-world economic organizations and the economic theory of the firm. This project provides formal theories of resource allocation within multidivisional corporations and the nature of optimal incentives, thereby contributing to fill this gap. The project is expected to produce highest-quality research publishable in top-tier journals. This will, among others, e ....Internal capital markets, divisional rent-seeking and optimal incentives: theory and evidence. There exists a considerable gap between real-world economic organizations and the economic theory of the firm. This project provides formal theories of resource allocation within multidivisional corporations and the nature of optimal incentives, thereby contributing to fill this gap. The project is expected to produce highest-quality research publishable in top-tier journals. This will, among others, enhance Australia's standing as a knowledge nation. Additional benefit comes from the possibility of longer term collaborative research between Monash University and the University of Bristol, and possible research collaboration between Australian and British economists that goes beyond the two institutions. Read moreRead less
Global implications of Australian Cretaceous faunas: biogeography, evolution and effects of climate change. Climate change is a critical issue with poorly known long-term effects. This collaboration will provide information on how marine and terrestrial faunas have responded to environmental alteration in the past. Mesozoic vertebrates make spectacular fossils that capture public attention. This collaboration will enhance public museum displays by collection and preparation of important new spec ....Global implications of Australian Cretaceous faunas: biogeography, evolution and effects of climate change. Climate change is a critical issue with poorly known long-term effects. This collaboration will provide information on how marine and terrestrial faunas have responded to environmental alteration in the past. Mesozoic vertebrates make spectacular fossils that capture public attention. This collaboration will enhance public museum displays by collection and preparation of important new specimens; many found by the investigators are already centerpieces in major museums (e.g. SA Museum). This project will also promote awareness and sustainable use of the environment through media promotion and 'earthwatch-style' ecotourism field trips; these highlight finite fossil resources as lucrative sources of tourism revenue to regional communities. Read moreRead less
The Australian-Netherlands project on work and stress research. Rapid changes in the nature of work globally require critical surveillance for effects on worker well-being and productivity. Occupational health policy trends in Australia and The Netherlands support continuous monitoring of the work environment. This project therefore provides a timely opportunity structure for intellectual exchange and capacity building for Australian and Dutch work and organisational psychologists, specifically ....The Australian-Netherlands project on work and stress research. Rapid changes in the nature of work globally require critical surveillance for effects on worker well-being and productivity. Occupational health policy trends in Australia and The Netherlands support continuous monitoring of the work environment. This project therefore provides a timely opportunity structure for intellectual exchange and capacity building for Australian and Dutch work and organisational psychologists, specifically in work stress and unemployment research. Highly experienced and emerging researchers together will develop and implement projects transnationally. Outcomes will include: joint doctoral-post doctoral supervision; joint publications and grants; advanced knowledge and applications, with international policy implications for improving working life and productivity.Read moreRead less
China and Latin America: New Challenges and Opportunities for Australia. This project examines the growing international influence and strength of one of Australia's most strategically important neighbours, the People's Republic of China. Emerging commercial and diplomatic alliances between China and Latin America pose economic and political challenges for Australia and other resource exporters. This research consolidates Australia's reputation as a leader in the field of China Studies by clarif ....China and Latin America: New Challenges and Opportunities for Australia. This project examines the growing international influence and strength of one of Australia's most strategically important neighbours, the People's Republic of China. Emerging commercial and diplomatic alliances between China and Latin America pose economic and political challenges for Australia and other resource exporters. This research consolidates Australia's reputation as a leader in the field of China Studies by clarifying the nature of these challenges over the next five to ten years. The project will produce academic seminars in Sydney, Guadalajara, and Monterrey; the exchange of Australian and Mexican scholars, and joint publications in a field of study that bears direct relevance to the national interests of both countries.Read moreRead less
Novel econometric techniques for modelling and forecasting electricity prices and price volatility in Australia. Price volatility, particularly price spikes, are of special importance to electricity retailers who, because of retail price regulation, cannot pass them onto final customers and end up bearing the price risk. While state governments may enter into compensation deals with retailers, it is of great interest to both parties to understand why and when these price surges occur and, once t ....Novel econometric techniques for modelling and forecasting electricity prices and price volatility in Australia. Price volatility, particularly price spikes, are of special importance to electricity retailers who, because of retail price regulation, cannot pass them onto final customers and end up bearing the price risk. While state governments may enter into compensation deals with retailers, it is of great interest to both parties to understand why and when these price surges occur and, once they have occurred, how long they will last. A better understanding of the electricity price process will enable more sophisticated plans and strategies to be put in place to hedge against unfavourable, unexpected or extreme price events.Read moreRead less
Cultures of Trade in the Indian Ocean. A decline in cultural understandings in the IO is threatening trade opportunities. 'Value', accordingly, must be understood both in economic and cultural terms. Another outcome of this collaboration will be an analysis of the ways in which current regional security issues are being posed, and it is essential to have an international network of scholars to provide an appropriate comparative perspective. By giving us a clearer understanding of the impact of c ....Cultures of Trade in the Indian Ocean. A decline in cultural understandings in the IO is threatening trade opportunities. 'Value', accordingly, must be understood both in economic and cultural terms. Another outcome of this collaboration will be an analysis of the ways in which current regional security issues are being posed, and it is essential to have an international network of scholars to provide an appropriate comparative perspective. By giving us a clearer understanding of the impact of culture on commercial relations and of Australia's place in the Indian Ocean Region, the project will help Australia to build strong, peaceful and mutually beneficial relations with its neighbours.Read moreRead less