Understanding macroeconomic fluctuations with unobserved networks. Whilst empirical evidence suggests that firm-level shocks can have large aggregate effects, via network connections, macroeconomic policies have mostly an aggregate nature. This project aims to build a new framework to disentangle aggregate shocks from shocks to individual units. The major innovations are i) to infer the network from the data and ii) to jointly estimate aggregate factors and network effects. Expected outcomes are ....Understanding macroeconomic fluctuations with unobserved networks. Whilst empirical evidence suggests that firm-level shocks can have large aggregate effects, via network connections, macroeconomic policies have mostly an aggregate nature. This project aims to build a new framework to disentangle aggregate shocks from shocks to individual units. The major innovations are i) to infer the network from the data and ii) to jointly estimate aggregate factors and network effects. Expected outcomes are i) measures of systemic risk and ii) a theoretical framework to study the optimality of aggregate versus sectoral stabilization policies. Benefits include a better understanding of macroeconomic fluctuations in Australia and proposed economic policies to mitigate large and persistent declines in employment and GDP.Read moreRead less
The dynamics of job creation and job destruction in Australia. The Project focuses on the processes of job creation and destruction in Australia using sophisticated econometric modelling and an innovative mix of data sources. The research outcomes will deliver benefits in the improvement of labour market policy. Special focus will be on the impacts of structural change, trade liberalisation and the role of small business. The research will fill major gaps in the literature by providing new insig ....The dynamics of job creation and job destruction in Australia. The Project focuses on the processes of job creation and destruction in Australia using sophisticated econometric modelling and an innovative mix of data sources. The research outcomes will deliver benefits in the improvement of labour market policy. Special focus will be on the impacts of structural change, trade liberalisation and the role of small business. The research will fill major gaps in the literature by providing new insights into job creation and destruction processes and the consequences for unemployment, at levels of disaggregation and in sectors not previously studied, notably, full-time/part-time; public/private; the service sector; as well as demographic variability.Read moreRead less
Real economy and financial networks. This project aims to analyse the Australian economy from the network perspective. The network approach’s emphasis on the structure of interactions between firms, banks and consumers is important for understanding the economy. The project intends to develop a model of a production network using the input-output links between sectors, including imports and exports, and focusing on credit-lending relations that may cause economic distortions. It also aims to adv ....Real economy and financial networks. This project aims to analyse the Australian economy from the network perspective. The network approach’s emphasis on the structure of interactions between firms, banks and consumers is important for understanding the economy. The project intends to develop a model of a production network using the input-output links between sectors, including imports and exports, and focusing on credit-lending relations that may cause economic distortions. It also aims to advance a theory and estimation methodology for the network formation models useful for prediction and policy analysis. Anticipated benefits include mitigation of economic risks and improved policies.Read moreRead less
House Prices in Australia: A Hedonic Analysis. House prices are an important input to monetary policy since they impact directly on inflation and may be a source of speculative bubbles. The Governor of the Reserve Bank, however, recently described housing as the ``weakest link in all the price data.'' This project will attempt to resolve this problem. The resulting indexes should be of considerable interest to the Reserve Bank, the media, home owners, the real estate industry, and enhance the re ....House Prices in Australia: A Hedonic Analysis. House prices are an important input to monetary policy since they impact directly on inflation and may be a source of speculative bubbles. The Governor of the Reserve Bank, however, recently described housing as the ``weakest link in all the price data.'' This project will attempt to resolve this problem. The resulting indexes should be of considerable interest to the Reserve Bank, the media, home owners, the real estate industry, and enhance the reputation of Australian universities. They will also quantify the extent of the burden imposed on young people by rising house prices, and its consequent strain on society.Read moreRead less
Exploring Behavioural Responses of Motorists to Exposure-Based Charging Mechanisms. Our continued reliance on cars is estimated to cost the Australian economy around $50 billion per year in accidents, congestion and air pollution. This project delivers a new approach to reduce these externalities, in which charges are levied on drivers based on their accident history, the kilometres driven and the circumstances under which these kilometres are driven. In addition to the safety and congestion ben ....Exploring Behavioural Responses of Motorists to Exposure-Based Charging Mechanisms. Our continued reliance on cars is estimated to cost the Australian economy around $50 billion per year in accidents, congestion and air pollution. This project delivers a new approach to reduce these externalities, in which charges are levied on drivers based on their accident history, the kilometres driven and the circumstances under which these kilometres are driven. In addition to the safety and congestion benefits, the outcomes of the project will be of importance to those charged with raising revenue to support infrastructure maintenance and development, and the insurance industry as a basis for reducing risks in driving and making premiums more equitable.Read moreRead less
The training and job decisions of nurses: an integrated approach using panel surveys and dynamic discrete choice experiments. The nursing shortage in Australia is considered to be at crisis stage. The results of this study will lead to improved recruitment and retention of students in nursing, improved retention of new nurses in the health workforce, better design of nursing roles and job structure, and testing of the acceptability of changed health service delivery models. It will also lead to ....The training and job decisions of nurses: an integrated approach using panel surveys and dynamic discrete choice experiments. The nursing shortage in Australia is considered to be at crisis stage. The results of this study will lead to improved recruitment and retention of students in nursing, improved retention of new nurses in the health workforce, better design of nursing roles and job structure, and testing of the acceptability of changed health service delivery models. It will also lead to better health workforce planning. The study directly contributes to filling the gaps in health labour force quantitative studies identified in a recent Productivity Commission Report, and provides a basis for the implementation of the Commission's recommendations.Read moreRead less
The long term causal effects of Vietnam War era conscription on economic and social outcomes for Australian conscripts. The project will inform veterans' compensation, military and retirement income policies. A perennial policy issue is how best to re-integrate veterans into society. Our preliminary analysis suggests very different effects of conscription in Australia to the USA, particularly on employment. This may reflect different systems of benefits, which we will investigate. A greater unde ....The long term causal effects of Vietnam War era conscription on economic and social outcomes for Australian conscripts. The project will inform veterans' compensation, military and retirement income policies. A perennial policy issue is how best to re-integrate veterans into society. Our preliminary analysis suggests very different effects of conscription in Australia to the USA, particularly on employment. This may reflect different systems of benefits, which we will investigate. A greater understanding of the effects of conscription will also inform policy makers of the full cost to society of military service and participation in conflict. Since veterans are entitled to retirement pensions earlier than non-veterans, we also investigate the effects of benefit eligibility on employment outcomes amongst older men.Read moreRead less
Human Capital, Cognitive Skills and Labour Market Outcomes. As Australia competes in the ‘educational race,’ this project will generate new knowledge on the relationship between education, skill attainment and economic outcomes in Australia. The research will provide new empirical evidence on cognitive and non-cognitive skills formation over the life-cycle, and the relationship between these skills and labour market outcomes in Australia within the broader international context. The research wil ....Human Capital, Cognitive Skills and Labour Market Outcomes. As Australia competes in the ‘educational race,’ this project will generate new knowledge on the relationship between education, skill attainment and economic outcomes in Australia. The research will provide new empirical evidence on cognitive and non-cognitive skills formation over the life-cycle, and the relationship between these skills and labour market outcomes in Australia within the broader international context. The research will advance methodological techniques for the economic analysis of cognitive skills and their economic impacts. The research will inform public policy formulation relating to educational attainment, skill development, and strategies to encourage longer workforce engagement over the life-cycle.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE130100806
Funder
Australian Research Council
Funding Amount
$347,620.00
Summary
Human capital risk: implications for policy. The project examines how human capital investment decisions are affected by risk and policy actions that are taken to partially alleviate these risks. The quantitative analysis provides important insights which will enhance the debate on the merits of education subsidies and unemployment benefits program in the United States and Australia.
Modelling the APEC Digital Divide. Study of private sector motivation for the uptake of ICT is helpful in formulating regulatory and commercial responses to foster growth of competitive information-using and information-producing industries. The project will help clarify the relative benefits of production and use of ICT. Additionally, in an APEC context, analysis of the digital divide will inform policy appropriate to enhancing Australia's contribution to the region. The general purpose infor ....Modelling the APEC Digital Divide. Study of private sector motivation for the uptake of ICT is helpful in formulating regulatory and commercial responses to foster growth of competitive information-using and information-producing industries. The project will help clarify the relative benefits of production and use of ICT. Additionally, in an APEC context, analysis of the digital divide will inform policy appropriate to enhancing Australia's contribution to the region. The general purpose information technology of the Internet network is fast evolving into the enabling technology of choice for innovation and creative applications of a platform for communication and electronic transactions.Read moreRead less