Optimal prize structures in the innovation context. This project aims to study the optimal prize structures in innovation contests. Innovation contests spur innovation for governments, not-for-profit organizations and firms, but the optimal design of innovation contests is a problem. Innovation is important in economic growth and firm competitiveness, but the 2015 Australian Innovation System Report identifies Australia as a mediocre innovator amongst the OECD countries. This project will use an ....Optimal prize structures in the innovation context. This project aims to study the optimal prize structures in innovation contests. Innovation contests spur innovation for governments, not-for-profit organizations and firms, but the optimal design of innovation contests is a problem. Innovation is important in economic growth and firm competitiveness, but the 2015 Australian Innovation System Report identifies Australia as a mediocre innovator amongst the OECD countries. This project will use an ideas-based innovation model to distinguish between easy and difficult challenges based on the availability of good ideas. The results should be important for effective incentivising of innovation through contests.Read moreRead less
Economic complexity as a driver of innovation and smart specialisation. This project aims to determine how economic complexity can drive innovation and smart specialisation and how industry can be supported to transition to a more competitive economy. With the downturn of traditional manufacturing, innovation is crucial to create new industries and the jobs of the future. The expected outcomes of this project include high-value industry intelligence in support of product diversification. This sh ....Economic complexity as a driver of innovation and smart specialisation. This project aims to determine how economic complexity can drive innovation and smart specialisation and how industry can be supported to transition to a more competitive economy. With the downturn of traditional manufacturing, innovation is crucial to create new industries and the jobs of the future. The expected outcomes of this project include high-value industry intelligence in support of product diversification. This should provide significant benefits, such as increased international competitiveness, exports, revenue, and economic growth.
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Innovation incentives in the Internet economy: a multi-sided market approach. The internet is a fundamental infrastructure for economic growth and prosperity in the global economy. Maintaining competition and promoting innovation in the internet industry thus is of paramount importance. The aim of this project is to push the frontier of research and advance public policy regarding the internet and, more generally, towards the ICT industry. The project will develop comprehensive and innovative e ....Innovation incentives in the Internet economy: a multi-sided market approach. The internet is a fundamental infrastructure for economic growth and prosperity in the global economy. Maintaining competition and promoting innovation in the internet industry thus is of paramount importance. The aim of this project is to push the frontier of research and advance public policy regarding the internet and, more generally, towards the ICT industry. The project will develop comprehensive and innovative economic models to understand better the innovation process in the internet industry. This will enable formulation of regulatory policies based on rigorous and evidence-based analysis to create an environment that would help the Australian economy sustain global competitiveness in the innovation-driven internet industry.Read moreRead less
Human capital accumulation and economic growth: A multi-country general equilibrium model. The project seeks to explain the interaction between policies that affect human capital investment and the consequences of that investment for economic growth. Specifically it aims to incorporate recent developments in the theory of economic growth, and in particular a schooling sector that produces human capital, into a multi-country and multi sector model. This will overcome limitations of the current st ....Human capital accumulation and economic growth: A multi-country general equilibrium model. The project seeks to explain the interaction between policies that affect human capital investment and the consequences of that investment for economic growth. Specifically it aims to incorporate recent developments in the theory of economic growth, and in particular a schooling sector that produces human capital, into a multi-country and multi sector model. This will overcome limitations of the current state of growth theory, associated with the high level of aggregation used in growth models - such as the effects of sector specific research subsidies research, and the effects of education subsidies on the growth of human capital specific sectors.Read moreRead less
Technical Change, Productivity Growth and Pricing in Australian Manufacturing. We examine productivity growth and price competitiveness of Australian manufacturing by estimating an econometric model for aggregate manufacturing and as well as individual industries. The parameter estimates from the econometric model are used to identify the separate impacts on productivity growth and price changes due to technical change, economies of scale, capacity utilization and market power. We then estimate ....Technical Change, Productivity Growth and Pricing in Australian Manufacturing. We examine productivity growth and price competitiveness of Australian manufacturing by estimating an econometric model for aggregate manufacturing and as well as individual industries. The parameter estimates from the econometric model are used to identify the separate impacts on productivity growth and price changes due to technical change, economies of scale, capacity utilization and market power. We then estimate how each separate impact is affected by industry characteristics, including seller concentration and investment in physical, human and intellectual capital, and policy related variables, such as tariff rates and degree of unionisation of the labour force. This will provide an important contribution of the knowledge of how the economic environment and government policies impact on productivity growth and the international competitiveness of Australian manufacturing.Read moreRead less
Priority Setting in Child Protection: developing an evidence-based strategy to reduce child abuse and neglect and associated harms. Persons who are potential, current or previous victims of child abuse and neglect are the primary beneficiaries of this research. The study will facilitate evidence-based funding decisions by government (and nongovernment organizations) integrating data on quality of life impacts (physical/mental health, educational, social etc), and the costs to society of dealing ....Priority Setting in Child Protection: developing an evidence-based strategy to reduce child abuse and neglect and associated harms. Persons who are potential, current or previous victims of child abuse and neglect are the primary beneficiaries of this research. The study will facilitate evidence-based funding decisions by government (and nongovernment organizations) integrating data on quality of life impacts (physical/mental health, educational, social etc), and the costs to society of dealing with the consequences of child abuse. The research has the potential to profoundly enhance the well-being of Australia's most vulnerable children, simultaneously addressing the large costs on agencies of dealing with child abuse. The methodology will be highly applicable to other complex social problems requiring whole of government strategies.Read moreRead less
Designing Weather Derivatives and Yield Index Contracts for Rural Australia. This project addresses the security of communities in rural areas. Successful risk management based on weather derivatives and yield index contracts will stabilise the income of rural industries and improve the financial viability of rural communities. It will allow systemic risks from climate change to be reinsured with financial institutions, maintain some of Australia's most important export industries and help maint ....Designing Weather Derivatives and Yield Index Contracts for Rural Australia. This project addresses the security of communities in rural areas. Successful risk management based on weather derivatives and yield index contracts will stabilise the income of rural industries and improve the financial viability of rural communities. It will allow systemic risks from climate change to be reinsured with financial institutions, maintain some of Australia's most important export industries and help maintain leadership in climate risk research. It will use state of the art methods to derive and estimate nonlinear yield indexes, and develop new option pricing methods to value the premium that farmers should pay for a yield index contract. Finally it will evaluate the likely adoption by farmers using nonlinear portfolio theory.Read moreRead less
A New Economic History of Australia. Australia is at a cross-roads. After almost a century of protectionism we have globally re-integrated and liberalised, as we were when we possessed the world's highest standard of living in the nineteenth century. But we have yet to truly rebuild our capability to compete well in a global knowledge economy and to do so sustainably and justly. It is the presumption of this Project that a new understanding of the role of human investment in our history can hel ....A New Economic History of Australia. Australia is at a cross-roads. After almost a century of protectionism we have globally re-integrated and liberalised, as we were when we possessed the world's highest standard of living in the nineteenth century. But we have yet to truly rebuild our capability to compete well in a global knowledge economy and to do so sustainably and justly. It is the presumption of this Project that a new understanding of the role of human investment in our history can help underpin a clearer understanding of the policy imperatives for our future. The Project will lead to an explicit and detailed policy agenda for re-shaping Australia's future so as to be again a clever country.Read moreRead less
The impact of Information and Communications Technology (ICT) on economic growth and productivity, and the role of Government Policy. While it is widely agreed that the use of Information and Communications Technology (ICT) has many national benefits, the role of law and policy on the extent of ICT uptake and related productivity effects have not been directly researched. A stronger research base on the role of law and policy on the use and economic effects of ICT can potentially create a numb ....The impact of Information and Communications Technology (ICT) on economic growth and productivity, and the role of Government Policy. While it is widely agreed that the use of Information and Communications Technology (ICT) has many national benefits, the role of law and policy on the extent of ICT uptake and related productivity effects have not been directly researched. A stronger research base on the role of law and policy on the use and economic effects of ICT can potentially create a number of national and community benefits. It can assist Governments and firms to isolate the drivers of the information economy and economic growth; it can facilitate the development of appropriate policy and legislation, and inform better administration of existing policies.Read moreRead less
The Demand for Older Workers: Technology, Skill and Employment Opportunities. "Productive ageing" policies are central to Australia's strategies for the governance of population ageing. But little is known about the determinants of firms' demand for older workers. By uncovering the impact that technological change has on firms' hiring and training decisions, this study will critically complement our understanding of older workers' constrained employment opportunities. In so doing it seeks to inf ....The Demand for Older Workers: Technology, Skill and Employment Opportunities. "Productive ageing" policies are central to Australia's strategies for the governance of population ageing. But little is known about the determinants of firms' demand for older workers. By uncovering the impact that technological change has on firms' hiring and training decisions, this study will critically complement our understanding of older workers' constrained employment opportunities. In so doing it seeks to inform the long-term policy debate on how best to adjust our economy to the current major demographic and technological development. Its outcomes will be of interest and use to policy makers, industry, advocacy groups, unions and the wider community.
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