Discovery Projects - Grant ID: DP0666266

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP0666266

Funding Status
Closed

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Funded Activity Summary

Understanding and Modelling Weather Derivatives in Australia for the Purpose of their Accurate Pricing: a Statistical and Econometric Investigation. Australia suffers some of the most adverse and extreme weather globally. Its government and industries, especially agriculture and electricity, stand to benefit from improved understanding of weather derivatives and capability to price them accurately. Tailored to Australian weather scenarios, weather derivatives will be tools to manage local risk factors, and increase global competitiveness by hedging against competitors' good weather-related advantage. The US weather derivative market, capitalised at over US$7.5b, began just 7 years ago; there is no organised Australian market. This project's smart techniques for improving pricing accuracy will support the development and vigorous growth of a local market.

Funded Activity Details

Start Date: 01-01-2006

End Date: 31-03-2009

Funding Scheme: Discovery Projects

Funding Amount: $200,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Time-Series Analysis | Financial Econometrics | Econometric And Statistical Methods | Econometrics

ANZSRC Socio-Economic Objective (SEO)

Finance and investment services | Weather |

Other Keywords

Econometric And Statistical Methods | Econometrics | Finance and investment services | Financial Econometrics | Time-Series Analysis | Weather

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