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
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
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
Ageing in a developing country and its effects on intra-household resource allocation. Indonesia, our largest neighbour and our third largest recipient of AID, is among the fastest-growing elderly populations in Southeast Asia. Ongoing cultural and economic change means that the traditional reliance of elderly on family support is breaking down leaving the country's social fabric vulnerable. Understanding the linkages between ageing, ill-health and the labour market responses at the household le ....Ageing in a developing country and its effects on intra-household resource allocation. Indonesia, our largest neighbour and our third largest recipient of AID, is among the fastest-growing elderly populations in Southeast Asia. Ongoing cultural and economic change means that the traditional reliance of elderly on family support is breaking down leaving the country's social fabric vulnerable. Understanding the linkages between ageing, ill-health and the labour market responses at the household level is the path to effectively intervene in the link between age and poverty and to successfully design policy that facilitates improvements in women's social status.Read moreRead less
Understanding the sources of secular stagnation. This project aims to examine why long-run projections of output, inflation, and interest rates have become lower for many economies in recent years resulting in a phenomenon often referred to as secular stagnation. The project intends to develop new econometric tools to account for sources of structural breaks and stochastic trends in order to quantify the roles of productivity growth, financial shocks, demographics, and inflation expectations in ....Understanding the sources of secular stagnation. This project aims to examine why long-run projections of output, inflation, and interest rates have become lower for many economies in recent years resulting in a phenomenon often referred to as secular stagnation. The project intends to develop new econometric tools to account for sources of structural breaks and stochastic trends in order to quantify the roles of productivity growth, financial shocks, demographics, and inflation expectations in driving secular stagnation. Expected outcomes include findings that will help guide macroeconomic policy responses to stagnation and new econometric tools that will support future applied research on changes in the behaviour of macroeconomic variables.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
Nowcasting and Interpreting the Australian Economy. This project aims to investigate methods for nowcasting and interpreting the Australian economy. This is determining the current state of the economy and the factors contributing to it.
This project expects to generate new knowledge on how unconventional, new, data sources and innovative methods can be used to in nowcasting and how the Australian economy can be modelled.
The expected outcomes include timely new indicators of the state of the ec ....Nowcasting and Interpreting the Australian Economy. This project aims to investigate methods for nowcasting and interpreting the Australian economy. This is determining the current state of the economy and the factors contributing to it.
This project expects to generate new knowledge on how unconventional, new, data sources and innovative methods can be used to in nowcasting and how the Australian economy can be modelled.
The expected outcomes include timely new indicators of the state of the economy, and the factors contributing to it. This should provide significant benefits through informing the conduct of Australian macroeconomic policy, as the appropriate policy response depends not only on knowing the current state of the economy but understanding the economic factors underlying it.
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Banking System Competition and the Macro-economy. Australia has one of the most concentrated banking sectors in the world, generating concerns regarding its efficiency. This project aims to develop unified frameworks to understand and evaluate quantitatively how the structure of the banking industry affects the macro-economy and provide policy recommendations for establishing a healthy and efficient banking industry. This project expects to improve understanding of the welfare trade-off between ....Banking System Competition and the Macro-economy. Australia has one of the most concentrated banking sectors in the world, generating concerns regarding its efficiency. This project aims to develop unified frameworks to understand and evaluate quantitatively how the structure of the banking industry affects the macro-economy and provide policy recommendations for establishing a healthy and efficient banking industry. This project expects to improve understanding of the welfare trade-off between bank competition and economic well-being to enable policymakers to better determine the optimal concentration of banking sector in Australia. This will enhance the productivity and international competitiveness of Australia’s financial system and the broader economy.Read moreRead less
Institutions for Food Security: Global Lessons from Rural India. Between 2006 and 2008, global progress in combating world hunger stalled. World food prices increased by 71.4% and an additional 115 million people joined the ranks of the undernourished. This is a human tragedy which has fuelled political and economic turmoil across many countries. India has 28% of the world's hungry, and is an increasingly important economic and political partner to Australia. This research will involve a team of ....Institutions for Food Security: Global Lessons from Rural India. Between 2006 and 2008, global progress in combating world hunger stalled. World food prices increased by 71.4% and an additional 115 million people joined the ranks of the undernourished. This is a human tragedy which has fuelled political and economic turmoil across many countries. India has 28% of the world's hungry, and is an increasingly important economic and political partner to Australia. This research will involve a team of Australian researchers working with Indian counterparts to develop a framework that explains what causes risk and resilience to food insecurity, and offers practical insights for policy-makers. Read moreRead less
Natural resources and ecosystem services in productivity measurement. This project aims to understand sources of productivity growth through addressing theoretical and practical problems in the economics of natural resources and ecosystem services. It will study the valuation of non-renewable resources and ecosystem services, acknowledging their contributions to economic activity and the effect on national income from their depletion and degradation. It will develop approaches to incorporating n ....Natural resources and ecosystem services in productivity measurement. This project aims to understand sources of productivity growth through addressing theoretical and practical problems in the economics of natural resources and ecosystem services. It will study the valuation of non-renewable resources and ecosystem services, acknowledging their contributions to economic activity and the effect on national income from their depletion and degradation. It will develop approaches to incorporating natural resource depletion and degradation into productivity analysis with the aim of better informing environmental, innovation and industry policy.Read moreRead less