Uncertainty and the success of innovation. This proposal outlines an empirically-oriented project, with strong conceptual foundations, that will add significantly to our understanding of the barriers to successful commercial exploitation of innovations in Australia. There is currently no other applied work in this area in Australia of this scope and empirical content. Our approach adopts a rigorous approach to the measurement of innovation and performance, and looks at the effect of uncertainty ....Uncertainty and the success of innovation. This proposal outlines an empirically-oriented project, with strong conceptual foundations, that will add significantly to our understanding of the barriers to successful commercial exploitation of innovations in Australia. There is currently no other applied work in this area in Australia of this scope and empirical content. Our approach adopts a rigorous approach to the measurement of innovation and performance, and looks at the effect of uncertainty on the relationship between the two. The results of this exercise will translate into both government and corporate policy.Read moreRead less
The Market for Technology in Australia. Over the last 5 years, formalised markets for technology have accelerated in the US. However, there is no recognised formal market in Australia. Results from our primary data collection and analysis will highlight whether deficiencies in the market for technology are creating obstacles for the commercialisation of Australian technology. This is a particularly important issue for Australia given our relative isolation arising from geographical distance and ....The Market for Technology in Australia. Over the last 5 years, formalised markets for technology have accelerated in the US. However, there is no recognised formal market in Australia. Results from our primary data collection and analysis will highlight whether deficiencies in the market for technology are creating obstacles for the commercialisation of Australian technology. This is a particularly important issue for Australia given our relative isolation arising from geographical distance and lack of attachment to a major trading bloc such as the EU or NAFTA.Read moreRead less
Economic modelling for Australia and the USA: forecasts, policy analysis and comparative studies of technology and labour market adjustment. This project involves: a fundamental overhaul of MONASH, a widely used detailed dynamic model of the Australian economy; the creation of MONASH-USA for the United States; and several model-based Australia/US comparisons. MONASH's database and parameters will be updated, and its theoretical specification improved. MONASH-USA will be an advance over existing ....Economic modelling for Australia and the USA: forecasts, policy analysis and comparative studies of technology and labour market adjustment. This project involves: a fundamental overhaul of MONASH, a widely used detailed dynamic model of the Australian economy; the creation of MONASH-USA for the United States; and several model-based Australia/US comparisons. MONASH's database and parameters will be updated, and its theoretical specification improved. MONASH-USA will be an advance over existing US models and will generate policy results of interest both in the United States and Australia. MONASH-USA will have an excellent database and is likely to produce insights on parameter estimation. These will be applicable in Australia. Together, MONASH and MONASH-USA will facilitate comparative studies of technology and labour-market performance.Read moreRead less
The evolution of Australian enterprises, 1990 to 2007 : An empirical analysis of the relationship between turbulence among firms, productivity, growth and exports. This project will examine determinants and effects of enterprise entry and exit on growth, export and productivity in Australian industry using innovative panel enterprise data sets which have been collated and linked from existing ABS surveys, administrative data and accounting data. Currently, there is only one short longitudinal en ....The evolution of Australian enterprises, 1990 to 2007 : An empirical analysis of the relationship between turbulence among firms, productivity, growth and exports. This project will examine determinants and effects of enterprise entry and exit on growth, export and productivity in Australian industry using innovative panel enterprise data sets which have been collated and linked from existing ABS surveys, administrative data and accounting data. Currently, there is only one short longitudinal enterprise data set in Australia. Further data sets are required if policy makers are to understand patterns and causes of growth and business survival in Australia. Understanding provided from these studies should significantly improve our undertanding of how businesses perform.Read moreRead less
Economic complexity as a driver of innovation and smart specialisation. This project aims to determine how economic complexity can drive innovation and smart specialisation and how industry can be supported to transition to a more competitive economy. With the downturn of traditional manufacturing, innovation is crucial to create new industries and the jobs of the future. The expected outcomes of this project include high-value industry intelligence in support of product diversification. This sh ....Economic complexity as a driver of innovation and smart specialisation. This project aims to determine how economic complexity can drive innovation and smart specialisation and how industry can be supported to transition to a more competitive economy. With the downturn of traditional manufacturing, innovation is crucial to create new industries and the jobs of the future. The expected outcomes of this project include high-value industry intelligence in support of product diversification. This should provide significant benefits, such as increased international competitiveness, exports, revenue, and economic growth.
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General Purpose Technologies, Complementarities and the Convergence of Industries: A Comparative Study of Information Technology, Biotechnology and Nanotechnology. Modern economies are being transformed by several waves of new, converging general purpose technologies such as information technology, biotechnology and nanotechnologies. This project will undertake a comparative analysis of four aspects of this process: the pattern of development and convergence, the extent of industry concentratio ....General Purpose Technologies, Complementarities and the Convergence of Industries: A Comparative Study of Information Technology, Biotechnology and Nanotechnology. Modern economies are being transformed by several waves of new, converging general purpose technologies such as information technology, biotechnology and nanotechnologies. This project will undertake a comparative analysis of four aspects of this process: the pattern of development and convergence, the extent of industry concentration of activity in particular regions, the implications for firm strategy and options for policy responses. The underlying objective is to provide a knowledge base for Australian firms and governments, to guide strategies to enable Australia to develop a competitive position in these emerging technologies and industries.Read moreRead less
China's Industrialisation and Demand for Energy and Minerals. Understanding China's medium and long-term growth prospects and the implications for both demand and supply of resources are critically important to Australian economic policy and performance, as well as to investment decisions of Australian resource producers, and professional decisions of Australians in a wide range of occupations. Analysis of the medium and long-term demand for resources from China would be beneficial for Australia ....China's Industrialisation and Demand for Energy and Minerals. Understanding China's medium and long-term growth prospects and the implications for both demand and supply of resources are critically important to Australian economic policy and performance, as well as to investment decisions of Australian resource producers, and professional decisions of Australians in a wide range of occupations. Analysis of the medium and long-term demand for resources from China would be beneficial for Australian resource industries. It is also important to Australian budget, education and infrastructure policy. Increasing Chinese demand for resources will be critical in shaping global environmental policies.Read moreRead less
Liquidity Measurement and Risk Management in the Australian Insurance Industry. The APRA draft guidelines require Australian insurance companies to implement a liquidity risk management strategy without providing details of an acceptable level of liquidity risk, nor how liquidity is to be measured. The aim of this study is to address the issue of how to measure liquidity and to provide a framework in which a liquidity risk management policy may be established which benchmarks the proposed measu ....Liquidity Measurement and Risk Management in the Australian Insurance Industry. The APRA draft guidelines require Australian insurance companies to implement a liquidity risk management strategy without providing details of an acceptable level of liquidity risk, nor how liquidity is to be measured. The aim of this study is to address the issue of how to measure liquidity and to provide a framework in which a liquidity risk management policy may be established which benchmarks the proposed measure of liquidity. This research may be expected to lead the policy debate in Australia as to how insurance companies may satisfy the APRA guidelines.Read moreRead less
A comparative study of knowledge transfer systems and their contribution to knowledge transfer and diffusion, innovation and socioeconomic transformation. This project will contribute to the national priority goal of promoting an innovation culture and economy by providing knowledge with which to improve institutional arrangements for research commercialisation for the purpose of enhancing business innovation and ensuring that publicly fund research results in commercial and social benefits. The ....A comparative study of knowledge transfer systems and their contribution to knowledge transfer and diffusion, innovation and socioeconomic transformation. This project will contribute to the national priority goal of promoting an innovation culture and economy by providing knowledge with which to improve institutional arrangements for research commercialisation for the purpose of enhancing business innovation and ensuring that publicly fund research results in commercial and social benefits. The research is of particular benefit to regional and rural communities because it adopts a novel system level design which explores the role of KTSs in socioeconomic transformation and across sectors and regions. It therefore moves beyond prior studies which have focused on high technology sectors and regions.Read moreRead less
Social sustainability of emerging environmentally sensitive industries: a case study of oyster aquaculture on the South Australian Eyre Peninsula. The Eyre Peninsula oyster aquaculture industry has grown rapidly over the last 15 years and an assessment of the factors affecting its long-term sustainability is urgently required. The project will consider aquaculture in relation to social, natural and economic systems, extending the Capitals Framework of assessing rural sustainability developed by ....Social sustainability of emerging environmentally sensitive industries: a case study of oyster aquaculture on the South Australian Eyre Peninsula. The Eyre Peninsula oyster aquaculture industry has grown rapidly over the last 15 years and an assessment of the factors affecting its long-term sustainability is urgently required. The project will consider aquaculture in relation to social, natural and economic systems, extending the Capitals Framework of assessing rural sustainability developed by the Association of Social Science in Australia. The study combines quantitative and qualitative data in order to assess changes in the stocks of community capital as oyster aquaculture develops. A key aim of the research is to inform the development of policies and governance structures in Australian aquaculture management.Read moreRead less