Economic Impact Assessment Of FRDC's Annual RD&E Investments: A Three Year Procurement
Funder
Fisheries Research and Development Corporation
Funding Amount
$452,225.00
Summary
It is becoming increasingly important for Rural RDCs to continually monitor and evaluate the returns from RD&E investment, as government and industry require greater transparency and accountability of RD&E funds.
In addition to FRDC’s Statutory Funding Agreement requirements for valuing return on investment and use in its Annual Reports, impact assessments of FRDC’s RD&E investments are needed to inform: – Future investment decisions – CRRDC’s overall performance review of impac ....It is becoming increasingly important for Rural RDCs to continually monitor and evaluate the returns from RD&E investment, as government and industry require greater transparency and accountability of RD&E funds.
In addition to FRDC’s Statutory Funding Agreement requirements for valuing return on investment and use in its Annual Reports, impact assessments of FRDC’s RD&E investments are needed to inform: – Future investment decisions – CRRDC’s overall performance review of impact generated by RDCs – Levy payers and government of the performance of investments.
GHD understands that the project will comprise two key components: – An economic impact assessment of up to 20 research projects for the three-year period FY23/24, 24/25, and 25/26 – An individual and aggregated report of all assessed projects at the completion of assessments.
GHD notes that within this period the first five assessments for FY23/24 are required by June 2024 with the remainder of the projects, i.e. 10, due in September 2024. These assessments are required to be consistent with the CRRDC Guidelines for Impact Assessments. FRDC RD&E projects are to be assessed annually to meet Statutory Funding Agreement (SFA) requirements for valuing return on investment for use in FRDC’s Annual Reports and performance of FRDC’s investments. In conducting the impact assessment project it will be important to note that one of FRDC’s key responsibilities is to ensure that research to assist management of fisheries and aquaculture resources is being undertaken to maintain ongoing sustainability. While the primary focus of these benefit-cost analyses over time has been economic impact, with references to environmental and social implications where appropriate, FRDC is increasingly interested in understanding the impact of R&D investments on environmental, social, and economic aspects more holistically.
Objectives: 1. To inform FRDC's delivery of R&D Plans and future investment decisions 2. To provide information on the return of FRDC’s RD&E investment that can be used in FRDC’s annual reporting to the Australian Commonwealth 3. To contribute to populating the Evaluation Framework for FRDC reporting to DAFF under the current SFA agreement 4. To provide FRDC input to the overall performance assessment of the RDCs being compiled by CRRDC Read moreRead less
Inequality, Trade, and Technology. This project aims to improve our understanding of the causes of rising income inequality in the world economy and in Australia since the early 1980s. We focus on the increasing building costs and imports of machinery as significant contributors to the increasing inequality. We hypothesize 1) that the increasing costs of buildings have reduced the demand for workers that are complementary to non-residential building capital; thus, reducing real wages; and 2) tha ....Inequality, Trade, and Technology. This project aims to improve our understanding of the causes of rising income inequality in the world economy and in Australia since the early 1980s. We focus on the increasing building costs and imports of machinery as significant contributors to the increasing inequality. We hypothesize 1) that the increasing costs of buildings have reduced the demand for workers that are complementary to non-residential building capital; thus, reducing real wages; and 2) that the marked increase in imports of machinery since the 1960s has reduced the demand for unskilled labour and widened the employment and wage gap between skilled and unskilled labour. Both factors may have driven the increasing inequality in Australia.
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Special Research Initiatives - Grant ID: SR200200446
Funder
Australian Research Council
Funding Amount
$247,058.00
Summary
Rebuilding Troubled Regions: The Difference that Space Makes. This project aims to examine economic restructuring processes focusing on the parts of regional Australia that are being left behind by globalisation. The project will examine patterns of firm entry and exit in disadvantaged local economies following major plant closures and identify the causal pathways associated with sustainable employment and industry growth. The project will deploy the innovative methodology of Qualitative Compara ....Rebuilding Troubled Regions: The Difference that Space Makes. This project aims to examine economic restructuring processes focusing on the parts of regional Australia that are being left behind by globalisation. The project will examine patterns of firm entry and exit in disadvantaged local economies following major plant closures and identify the causal pathways associated with sustainable employment and industry growth. The project will deploy the innovative methodology of Qualitative Comparative Analysis and utilise recently developed datasets with a view to isolating causal relationships. By generating new knowledge about how space, positioning, and state interventions temper the nature and form of business births and deaths, the project will generate new regional policy insights and approaches.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE170101183
Funder
Australian Research Council
Funding Amount
$322,404.00
Summary
Information sharing in networks and the allocation of medical appointments. The project aims to research social networks and the normative allocation of invisible goods. It will study information sharing in social networks and the allocation of consultant led appointments to patients. This project is intended to benefit society, public policy and health by showing how social networks’ design options affect users’ welfare and the network owner’s revenue.
Inequality of health, wealth and education in China. This project aims to examine whether China’s recent increase in income inequality is associated with increased inequalities in other well-being related outcomes: health, education and wealth. It also aims to identify the factors associated with increases in inequalities. Significant increases in income and wealth inequality could have detrimental effects on economic and political stability. The expected outcomes from this project will help to ....Inequality of health, wealth and education in China. This project aims to examine whether China’s recent increase in income inequality is associated with increased inequalities in other well-being related outcomes: health, education and wealth. It also aims to identify the factors associated with increases in inequalities. Significant increases in income and wealth inequality could have detrimental effects on economic and political stability. The expected outcomes from this project will help to identify policies useful in addressing inequalities and enhancing stability within Australia's important trading partner.Read moreRead less
Novel Fishery Independent, Biological And Economic-processing Methods To Underpin Expansion Of Australia's Fastest Growing Fishery, The Western Rock Octopus
Funder
Fisheries Research and Development Corporation
Funding Amount
$650,260.00
Summary
The Western Rock Octopus fishery has become Australia’s fastest growing fishery, with a 5-year average growth of 50% per annum between 2017 and 2022. Despite this expansion, there are still significant gaps in knowledge and practice that do not allow this fishery to grow and develop in an optimum sustainable and socio-economic manner. This project will fill the information gaps and develop pro-active management and economic policy settings that facilitate a comprehensive development of the fishe ....The Western Rock Octopus fishery has become Australia’s fastest growing fishery, with a 5-year average growth of 50% per annum between 2017 and 2022. Despite this expansion, there are still significant gaps in knowledge and practice that do not allow this fishery to grow and develop in an optimum sustainable and socio-economic manner. This project will fill the information gaps and develop pro-active management and economic policy settings that facilitate a comprehensive development of the fishery to its natural capacity. It meets FRDCs two main outcomes of the 2020-2025 R&D plan; growth for enduring prosperity, best practices and production systems, and also meets Enabling Strategy IV: Building capacity and capability. Objectives: 1. Quantify species mix, growth, population connectivity, and reproduction of the unexplored South Coast and deep-water West Coast stocks of Octopus djinda. 2. Develop and test an octopus trap mounted camera system as fishery independent survey tool for density, bycatch, habitat, and environmental data. 3. Develop a bioeconomic model for octopus fishery management and expansion in Australia. Read moreRead less
Origins, evolution, and economic cost of gender norms. Gender norms are slow to change, and key drivers of economic development. This proposal leverages natural experiments to test their causal implications on two major channels of economic growth: the trust shared by individuals and the productivity of firms. It will use cutting-edge empirical techniques to generate novel measures of diversity and inclusion for Australian firms, and will conduct original fieldwork, matching experimental measure ....Origins, evolution, and economic cost of gender norms. Gender norms are slow to change, and key drivers of economic development. This proposal leverages natural experiments to test their causal implications on two major channels of economic growth: the trust shared by individuals and the productivity of firms. It will use cutting-edge empirical techniques to generate novel measures of diversity and inclusion for Australian firms, and will conduct original fieldwork, matching experimental measures of trust and cooperation with variation in traditional male versus female roles. This research aims at improving fundamental knowledge about how cultural norms shape economic outcomes and anticipates delivering practical policy recommendations for more efficient and inclusive economic growth. Read moreRead less
Productivity, growth and unemployment in economies with frictions. This project aims to examine decisions driving productivity, growth, and unemployment in macroeconomies with frictions. It examines how government (fiscal, monetary, and education) policies determine these decisions, and identifies the best configurations of these policies. It will construct dynamic general equilibrium models of economies to analyse the causal structure behind productivity changes, growth and unemployment. It wil ....Productivity, growth and unemployment in economies with frictions. This project aims to examine decisions driving productivity, growth, and unemployment in macroeconomies with frictions. It examines how government (fiscal, monetary, and education) policies determine these decisions, and identifies the best configurations of these policies. It will construct dynamic general equilibrium models of economies to analyse the causal structure behind productivity changes, growth and unemployment. It will conduct quantitative experiments using simulations, to estimate optimal government policy design settings. This project expects to identify policies that promote productivity, growth and employment.Read moreRead less
Improving payments for ecosystem services efficacy. This project aims to improve the cost-effectiveness of payments for ecosystem services (PES) programs in settings where deforestation risk is high. The project introduces a field experiment in Uganda in order to determine effective methods for monitoring compliance and setting payment levels. The project intends to examine whether program impacts are undermined by displacement of deforestation and if there are poverty reduction trade-offs inher ....Improving payments for ecosystem services efficacy. This project aims to improve the cost-effectiveness of payments for ecosystem services (PES) programs in settings where deforestation risk is high. The project introduces a field experiment in Uganda in order to determine effective methods for monitoring compliance and setting payment levels. The project intends to examine whether program impacts are undermined by displacement of deforestation and if there are poverty reduction trade-offs inherent in program design. The project expects to establish the costs of foregone production from land enrolled in the program, which are largely unknown. The findings will support efforts to create low cost technologies to solve conservation challenges and assist with the efficient allocation of scarce resources for environmental protection in both Australian and international contexts.Read moreRead less
Employment Relations in Indonesia’s Commercial Fishing Industry. This project aims to investigate the role of the state, supply chain actors and activists in protecting commercial fishers' labour rights in Indonesia, the world’s third-largest source of marine catches and its largest archipelagic state. This multi-scalar study will generate new knowledge about employment relations at sea. Expected outcomes include a conceptualisation of employment relations that better accommodates fishers and wo ....Employment Relations in Indonesia’s Commercial Fishing Industry. This project aims to investigate the role of the state, supply chain actors and activists in protecting commercial fishers' labour rights in Indonesia, the world’s third-largest source of marine catches and its largest archipelagic state. This multi-scalar study will generate new knowledge about employment relations at sea. Expected outcomes include a conceptualisation of employment relations that better accommodates fishers and workers in other non-standard occupations. The project’s findings will benefit governments, global supply chain actors and labour activists by helping them to identify and overcome impediments to more effective regulation of employment relations and work to reduce labour exploitation in commercial fishing globally.Read moreRead less