Regional Economic Development and Performance: Roles of Leadership and Institutional Factors in Endogenous Growth. Contemporary regional economic development theory emphasises endogenous factors as key determinants of difference in regional economic performance. Leadership and institutional issues require special attention for analysis and in strategy formulation and implementation of regional development plans. This project develops model frameworks for analysing the impact of those endogenous ....Regional Economic Development and Performance: Roles of Leadership and Institutional Factors in Endogenous Growth. Contemporary regional economic development theory emphasises endogenous factors as key determinants of difference in regional economic performance. Leadership and institutional issues require special attention for analysis and in strategy formulation and implementation of regional development plans. This project develops model frameworks for analysing the impact of those endogenous factors on regional economic performance and develops methodologies for their incorporation into regional development strategy, using illustrative case studies. A major book on this topic will result. The collaboration is between researchers at the University of Queensland and George Mason University.Read moreRead less
Japan, Australia and the Southern Bluefin Tuna (SBT) Fishery: Social and Political Perspectives. In 1999 negotiations over the annual tonnage of the SBT fishery allocated to Japan broke down over disagreements about how much fishing effort SBT stocks could survive. Australia resorted to the international legal system and, although Australia eventually accepted Japan's position, bilateral relations have remained troubled over SBT. Australian public perceptions of the fishery tend to be hostile, e ....Japan, Australia and the Southern Bluefin Tuna (SBT) Fishery: Social and Political Perspectives. In 1999 negotiations over the annual tonnage of the SBT fishery allocated to Japan broke down over disagreements about how much fishing effort SBT stocks could survive. Australia resorted to the international legal system and, although Australia eventually accepted Japan's position, bilateral relations have remained troubled over SBT. Australian public perceptions of the fishery tend to be hostile, especially towards the Japanese side. IN order to achieve a balance between economics and sustainability, fisheries must be managed, and management may be hampered by social and political problems. This project provides social science research to facilitate effective management of SBT.Read moreRead less
Financial Instability and Risk Management: New Statistical Treatment of the Occurrence and Persistence of Shocks in International Markets. Global economies are complex systems: their complexity is increasing due to market connectivity, borderless trading and rapid electronic transactions. This collaboration will improve understanding of market interdependence, important because of its profound macroeconomic influence on individual consumersf decisions and corporate investment. A novel combinati ....Financial Instability and Risk Management: New Statistical Treatment of the Occurrence and Persistence of Shocks in International Markets. Global economies are complex systems: their complexity is increasing due to market connectivity, borderless trading and rapid electronic transactions. This collaboration will improve understanding of market interdependence, important because of its profound macroeconomic influence on individual consumersf decisions and corporate investment. A novel combination of nonlinear time series and dynamical systems theories will be used to describe propagation and persistence of market shocks. Focusing on smart information use and innovation economies, this project will deliver publications on new practical econometric methodologies, training for early career researchers, and a strong sustainable research relationship between Australia and France.Read moreRead less
Towards a Virtual Enterprise Framework for Effective Business Process Outsourcing. With the advent of the Internet, Virtual Enterprises (VEs) are breaking down geographical barriers of nations, enabling the Business Process Outsourcing (BPO) of corporate business activities. The primary objective of this project is to leverage international expertise in Australia and Japan to develop a VE framework for effective BPO by studying the effect of evolving virtual team coordination techniques under al ....Towards a Virtual Enterprise Framework for Effective Business Process Outsourcing. With the advent of the Internet, Virtual Enterprises (VEs) are breaking down geographical barriers of nations, enabling the Business Process Outsourcing (BPO) of corporate business activities. The primary objective of this project is to leverage international expertise in Australia and Japan to develop a VE framework for effective BPO by studying the effect of evolving virtual team coordination techniques under alternative VE orderings. An organising framework for VEs will provide the ideal structure for high technology Australian firms to compete globally by drawing on entrepreneurial and knowledge capital of technologically advanced nations, whilst sustaining and maximising their own domestic array of skills and capabilities through an efficient vertical international division of labour.Read moreRead less
Global implications of Australian Cretaceous faunas: biogeography, evolution and effects of climate change. Climate change is a critical issue with poorly known long-term effects. This collaboration will provide information on how marine and terrestrial faunas have responded to environmental alteration in the past. Mesozoic vertebrates make spectacular fossils that capture public attention. This collaboration will enhance public museum displays by collection and preparation of important new spec ....Global implications of Australian Cretaceous faunas: biogeography, evolution and effects of climate change. Climate change is a critical issue with poorly known long-term effects. This collaboration will provide information on how marine and terrestrial faunas have responded to environmental alteration in the past. Mesozoic vertebrates make spectacular fossils that capture public attention. This collaboration will enhance public museum displays by collection and preparation of important new specimens; many found by the investigators are already centerpieces in major museums (e.g. SA Museum). This project will also promote awareness and sustainable use of the environment through media promotion and 'earthwatch-style' ecotourism field trips; these highlight finite fossil resources as lucrative sources of tourism revenue to regional communities. Read moreRead less
Maximum likelihood estimation of the parameters of stochastic differential equations. The primary objective of this project is to develop efficient algorithms for estimating the parameters of stochastic differential equations (SDEs) by simulated and exact maximum likelihood. The research will draw on both parametric and non-parametric analysis in novel ways to construct estimation procedures that are computationally feasible. These methods will then be applied in the area of finance and used to ....Maximum likelihood estimation of the parameters of stochastic differential equations. The primary objective of this project is to develop efficient algorithms for estimating the parameters of stochastic differential equations (SDEs) by simulated and exact maximum likelihood. The research will draw on both parametric and non-parametric analysis in novel ways to construct estimation procedures that are computationally feasible. These methods will then be applied in the area of finance and used to estimate the parameters of stochastic-volatility models, thus contributing to knowledge in a prominent area of complex systems, namely financial risk. The execution of this collaborative project will deliver quality research training in the topical area of mathematical finance and produce high-calibre postgraduates.
Read moreRead less
Biogeography and evolution of Australia's fossil reptiles: A global perspective. Large marine reptiles such as plesiosaurs, and missing links such as legged snakes, are spectacular animals that have captured public attention. This collaboration will directly enhance public museum displays by collecting and preparing these spectacular fossils; many of the fossils found by the CIs are now centerpieces of museum displays (e.g. the SA museum). Also, it will also promote awareness and sustainable u ....Biogeography and evolution of Australia's fossil reptiles: A global perspective. Large marine reptiles such as plesiosaurs, and missing links such as legged snakes, are spectacular animals that have captured public attention. This collaboration will directly enhance public museum displays by collecting and preparing these spectacular fossils; many of the fossils found by the CIs are now centerpieces of museum displays (e.g. the SA museum). Also, it will also promote awareness and sustainable use of the environment: it will facilitate CI Kear in running earthwatch-style ecotourism field trips which promote sustainable use of finite fossil resources by making them commercially valuable to local communities as a source of tourism revenue.Read moreRead less
Internal capital markets, divisional rent-seeking and optimal incentives: theory and evidence. There exists a considerable gap between real-world economic organizations and the economic theory of the firm. This project provides formal theories of resource allocation within multidivisional corporations and the nature of optimal incentives, thereby contributing to fill this gap. The project is expected to produce highest-quality research publishable in top-tier journals. This will, among others, e ....Internal capital markets, divisional rent-seeking and optimal incentives: theory and evidence. There exists a considerable gap between real-world economic organizations and the economic theory of the firm. This project provides formal theories of resource allocation within multidivisional corporations and the nature of optimal incentives, thereby contributing to fill this gap. The project is expected to produce highest-quality research publishable in top-tier journals. This will, among others, enhance Australia's standing as a knowledge nation. Additional benefit comes from the possibility of longer term collaborative research between Monash University and the University of Bristol, and possible research collaboration between Australian and British economists that goes beyond the two institutions. Read moreRead less
Modelling Hidden Processes which Drive Economic and Financial Systems. The ability to forecast complex economic systems is crucial to benefit from peak performance, and to prepare for and safeguard against downturn. This project aims to make significant discoveries concerning hidden processes which drive such systems, using rigorous, cutting-edge, flexible econometric methods. Resulting outcomes will be improved understanding of - and ability to forecast - important economic phenomena such as vo ....Modelling Hidden Processes which Drive Economic and Financial Systems. The ability to forecast complex economic systems is crucial to benefit from peak performance, and to prepare for and safeguard against downturn. This project aims to make significant discoveries concerning hidden processes which drive such systems, using rigorous, cutting-edge, flexible econometric methods. Resulting outcomes will be improved understanding of - and ability to forecast - important economic phenomena such as volatility in price series, extremal (risky) behaviour of financial systems, and turning points of the business cycle. Discoveries will be disseminated through published papers and presentations at a major international conference. Ongoing e-research links with France will also be established.Read moreRead less
The role of households, neighbourhoods and networks in social statistics. Many issues affect the social progress of the country. Social research can determine the factors affecting issues such as unemployment, poverty, educational attainment, crime victimization and poor health. Survey and other data are used extensively to examine these conditions and their association with attributes of people. This project will provide methods to better determine the impact of effects associated with the h ....The role of households, neighbourhoods and networks in social statistics. Many issues affect the social progress of the country. Social research can determine the factors affecting issues such as unemployment, poverty, educational attainment, crime victimization and poor health. Survey and other data are used extensively to examine these conditions and their association with attributes of people. This project will provide methods to better determine the impact of effects associated with the household structure and other groups and social networks. The improved ability to assess the impact of these factors will have economic and social benefits. These benefits will arise from improved analysis leading to better decisions and improvements in the design of research studies improving their cost efficiency.Read moreRead less