Conceptualizing and Measuring Regional Endogenous Growth: A Collaborative International Comparative Investigation. Policy for regional economic development in Australia is placing more emphasis on facilitating regional self-help. For the first time this project will provide an actual measure of regional endogenous performance. It identifies those features of regional economies and local populations are most important in explaining differences in the performance of regions, and it shows how inst ....Conceptualizing and Measuring Regional Endogenous Growth: A Collaborative International Comparative Investigation. Policy for regional economic development in Australia is placing more emphasis on facilitating regional self-help. For the first time this project will provide an actual measure of regional endogenous performance. It identifies those features of regional economies and local populations are most important in explaining differences in the performance of regions, and it shows how institutional arrangements and leadership can enhance or detract from regional development performance. This will help public agencies formulate better policies and mechanisms to help regions maximise their capacities to achieve enhanced endogenous growth. International comparative studies provide wider significance for policy formulation in regional development.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE120101106
Funder
Australian Research Council
Funding Amount
$375,000.00
Summary
Economic rise and decline - as seen from space. This research evaluates the accuracy of night-light based measures of local economic change. Satellite images of night-light cover the entire inhabited regions of the world, thus establishing whether these data can be used to supplement traditional measures of economic activity in countries with weak statistical systems would be a global public good.
Speculative Bubbles in Property Markets. It is anticipated that the test for speculative bubbles outlined in this research proposal will make significant progress towards establishing the existence (or non-existence) of property market bubbles. While the proposed application is to the Sydney market, the method will be applicable to property markets in other cites and regions, both in Australia and internationally. An improved test for speculative bubbles will provide a better understanding of th ....Speculative Bubbles in Property Markets. It is anticipated that the test for speculative bubbles outlined in this research proposal will make significant progress towards establishing the existence (or non-existence) of property market bubbles. While the proposed application is to the Sydney market, the method will be applicable to property markets in other cites and regions, both in Australia and internationally. An improved test for speculative bubbles will provide a better understanding of the nature of bubbles and will benefit policy-makers by providing a more solid basis for policy development. The research will also produce hedonic pricing models that can be used understand the determinants of property prices and rents in Australian cities. Read moreRead less
Rural-Urban Migration in China and Indonesia: Patterns, Consequences and Policy Intervention. China and Indonesia are two of Australia's most important neighbours. Their process of economic development and the social and political stability have tremendous impact on Australia's economic performance and prosperity. Assisting China and Indonesia to effectively manage the unprecedented large scale rural-urban migration is consistent with Australia's own interest. This project will lead to important ....Rural-Urban Migration in China and Indonesia: Patterns, Consequences and Policy Intervention. China and Indonesia are two of Australia's most important neighbours. Their process of economic development and the social and political stability have tremendous impact on Australia's economic performance and prosperity. Assisting China and Indonesia to effectively manage the unprecedented large scale rural-urban migration is consistent with Australia's own interest. This project will lead to important policy analyses that help the effective and efficient allocation of Australia's development aid budget. It will also build research and policy collaborations and cross-fertilisation amongst Australian government agencies, the Chinese government agencies in Indonesia as well as domestic and international research institutes.Read moreRead less
Strategic Contracting with Complementary Assets under Assymetric Information. With the recent tendency for companies to patent any feasible innovations they might make, public policy must focus on the disincentive effects this may have for producers who must combine multiple patents. The project seeks to understand the 'holdout problem' that stems from such situations, and evaluate policy solutions for Australia and Internationally. Expected outcomes include publication in leading Australian and ....Strategic Contracting with Complementary Assets under Assymetric Information. With the recent tendency for companies to patent any feasible innovations they might make, public policy must focus on the disincentive effects this may have for producers who must combine multiple patents. The project seeks to understand the 'holdout problem' that stems from such situations, and evaluate policy solutions for Australia and Internationally. Expected outcomes include publication in leading Australian and International journals, and inputs to the policy debate.Read moreRead less
Combining hydrological information with a multi-regional, computable general equilibrium model. The model to be created will combine a unique amount of economic detail at the statistical division level with hydrological detail. Users will obtain better estimates than previously available on the regional and industrial impacts of different water scenarios. This will produce economic and social returns to the community through improved water policies in the following areas: urban-rural water alloc ....Combining hydrological information with a multi-regional, computable general equilibrium model. The model to be created will combine a unique amount of economic detail at the statistical division level with hydrological detail. Users will obtain better estimates than previously available on the regional and industrial impacts of different water scenarios. This will produce economic and social returns to the community through improved water policies in the following areas: urban-rural water allocation; climate change impact assessment; water reform and water trading; and the economic impacts of meeting environmental objectives. The model will thus provide a path-breaking tool for examining issues arising from COAG reforms and broader policy goals. Read moreRead less
Measuring the Commercial Real Estate Sector in Australia. This project aims to address a significant gap in our understanding of the Australian commercial real estate sector. It will use detailed data to develop sophisticated models of the prices of commercial buildings. Expected outcomes include a suite of commercial real estate price indexes for Australia, by region and property type, and a comprehensive and transparent examination of the methods used to construct them. This will shed light on ....Measuring the Commercial Real Estate Sector in Australia. This project aims to address a significant gap in our understanding of the Australian commercial real estate sector. It will use detailed data to develop sophisticated models of the prices of commercial buildings. Expected outcomes include a suite of commercial real estate price indexes for Australia, by region and property type, and a comprehensive and transparent examination of the methods used to construct them. This will shed light on a hitherto poorly measured sector and provide significant benefits by better informing market participants, guiding statistical agencies in developing such measures and better-enabling policymakers, banks, superfunds and macroprudential authorities to understand the risk profile of the sector.Read moreRead less
Assessing willingness to pay for urban water, wastewater, gas and electricity delivery service standards. The utility industry is a substantial component of the Australian economy (2.2 % of GDP), underpinning national production. Recent infrastructure failures, costing up to $200 million per week, have been blamed largely on regulatory approaches that emphasise minimum price and cost solutions to utility service provision without any assessment or consideration of the willingness to pay for serv ....Assessing willingness to pay for urban water, wastewater, gas and electricity delivery service standards. The utility industry is a substantial component of the Australian economy (2.2 % of GDP), underpinning national production. Recent infrastructure failures, costing up to $200 million per week, have been blamed largely on regulatory approaches that emphasise minimum price and cost solutions to utility service provision without any assessment or consideration of the willingness to pay for service quality and the value people place on surety of supply. Research on the role of WTP for service standards in regulating price and service quality is required to prevent future infrastructure failures. This research will provide substantial economic benefits to Australia through improved regulation and better targeting of infrastructure investment.Read moreRead less
Ways to Growth: Auditing and Encouraging Industry Innovation Capacity and Employment Growth in South-West Sydney Region. Uneven economic opportunities across regions have long concerned local and regional policymakers but policy results have remained limited. The four major strands of regional and local analytical work and policy focus (inwards attraction, focus on small local firms, innovation systems, clusters, networks) have not been combined in analysis of particular geographic spaces. The d ....Ways to Growth: Auditing and Encouraging Industry Innovation Capacity and Employment Growth in South-West Sydney Region. Uneven economic opportunities across regions have long concerned local and regional policymakers but policy results have remained limited. The four major strands of regional and local analytical work and policy focus (inwards attraction, focus on small local firms, innovation systems, clusters, networks) have not been combined in analysis of particular geographic spaces. The doctoral study proposed here is an innovative audit of economic activity in Liverpool City and the southwest region of Sydney to test ways in which the elements of economic growth identified in the four literatures interact. The aim is developing both better analytical tools and policy interventions.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE130100996
Funder
Australian Research Council
Funding Amount
$372,000.00
Summary
Social learning: the diffusion of residential rooftop photovoltaic panels in Australia. Residential photovoltaic (PV) panels provide a sustainable solution to energy supply helping to address the climate change challenge. This project develops novel methodologies to study the diffusion mechanisms of PV panels. The outcomes will be useful for energy industries and the government for the effective formulation of their business strategies and policies.