Reforming the procurement of construction and financing of Australian infrastructure: Advancing capacity, competition and investment. The project will significantly assist Federal and State governments in delivering value for money in the provision of a substantial infrastructure pipeline. The project will promote the transformation of the domestic construction industry in Australia, in terms of saving unnecessary transaction costs, promoting productivity, advancing training and accessing the wo ....Reforming the procurement of construction and financing of Australian infrastructure: Advancing capacity, competition and investment. The project will significantly assist Federal and State governments in delivering value for money in the provision of a substantial infrastructure pipeline. The project will promote the transformation of the domestic construction industry in Australia, in terms of saving unnecessary transaction costs, promoting productivity, advancing training and accessing the world's best knowledge and skills. In total, the project will help ensure that new infrastructure contributes to Australia's economic growth and counters inflationary pressures. Finally, the transferable knowledge outcomes of this project have potential to capture global attention and promote Australia as a leading nation in the provision of infrastructure.Read moreRead less
Creating effective local labour markets - a new framework for regional employment policy. The Project will develop a new framework for designing regional employment policy aimed at providing effective solutions to persistently high unemployment across Australia. It will integrate the renewed international focus on public employment strategies and local partnerships with existing and other emerging policy directions. The international experience in adapting national employment policy to local con ....Creating effective local labour markets - a new framework for regional employment policy. The Project will develop a new framework for designing regional employment policy aimed at providing effective solutions to persistently high unemployment across Australia. It will integrate the renewed international focus on public employment strategies and local partnerships with existing and other emerging policy directions. The international experience in adapting national employment policy to local conditions and the feasibility of local public job creation will be evaluated. The findings will refine a proposal for a Community Development Job Guarantee. The Project will develop innovative assessment mechanisms for matching the local unemployed with local job opportunities to enhance regional labour market outcomes.Read moreRead less
Field experiments motivated by behavioural economics to understand prosocial behaviour and improve blood supply. Blood and plasma shortages are common in most countries; for example, in 2005 Australia imported nearly 30% of the plasma it used. This project will develop and test in the field several policies to improve Australia's blood supply. The policies will build on robust behaviours observed in economic experiments, but that have generally not been tested outside the lab. The policies inclu ....Field experiments motivated by behavioural economics to understand prosocial behaviour and improve blood supply. Blood and plasma shortages are common in most countries; for example, in 2005 Australia imported nearly 30% of the plasma it used. This project will develop and test in the field several policies to improve Australia's blood supply. The policies will build on robust behaviours observed in economic experiments, but that have generally not been tested outside the lab. The policies include non-binding commitments, giving gifts and narrowing the perceived distance between blood donors and recipients. This project offers Australia many potential benefits including greater economic efficiency to supply blood and plasma, fewer shortages, and consequently improved health services, and greater recognition as a pioneer in blood donor supply methods.Read moreRead less
Integrated Farm Modelling to Improve Resilience and Sustainable Prosperity. This project aims to improve farm resilience, farm management, and economic decision-making in Australia and internationally. It expects to generate new interdisciplinary knowledge to integrate our understanding of agro-ecosystems and innovative tools to assess their status and manage their operations more effectively. Expected outcomes include the ability to inform farmers, bankers, and land managers about the trade-off ....Integrated Farm Modelling to Improve Resilience and Sustainable Prosperity. This project aims to improve farm resilience, farm management, and economic decision-making in Australia and internationally. It expects to generate new interdisciplinary knowledge to integrate our understanding of agro-ecosystems and innovative tools to assess their status and manage their operations more effectively. Expected outcomes include the ability to inform farmers, bankers, and land managers about the trade-offs between resilience and efficiency on farms. This should provide significant benefits, including the ability to minimize financial risks to farmers and banks, allow better investment decisions, and achieve sustainable long-term outcomes for both private and public well-being.Read moreRead less
Analysis of the financial circumstances of local governments, to assess viability, and improve planning, resource allocation and accountability. The project aims to (a) develop a framework for improved reporting by local government, through a critical analysis of AAS 27 and extant legislative guidelines; (b) assess the financial viability of existing local government units; (c) identify units which may be candidates for amalgamation. Outcomes will include (i) proposals to enhance NSW's pioneer ....Analysis of the financial circumstances of local governments, to assess viability, and improve planning, resource allocation and accountability. The project aims to (a) develop a framework for improved reporting by local government, through a critical analysis of AAS 27 and extant legislative guidelines; (b) assess the financial viability of existing local government units; (c) identify units which may be candidates for amalgamation. Outcomes will include (i) proposals to enhance NSW's pioneering provisions for infrastructure reporting, contained in the NSW Local Government Act 1993 and accompanying guidelines; (ii) a pioneering assessment of the financial circumstances of local government units, having regard to the projected costs of upgrading legacy infrastructure; (iii) development of a framework for assessing future funding needs. Read moreRead less
Indian agriculture in the 21st century: The political economy of market reforms. India has emerged to be a key player in the 21st century global economy, with the fortunes of its agricultural sector central to its economic and social transformations. These issues have great relevance beyond India itself, and are of vital interest to Australia. India's prominent role in WTO agricultural negotiations means that its stance on market agriculture will shape the future global politics of food. Using c ....Indian agriculture in the 21st century: The political economy of market reforms. India has emerged to be a key player in the 21st century global economy, with the fortunes of its agricultural sector central to its economic and social transformations. These issues have great relevance beyond India itself, and are of vital interest to Australia. India's prominent role in WTO agricultural negotiations means that its stance on market agriculture will shape the future global politics of food. Using case studies of strategic sites of market reforms, this project will analyse their social and economic outcomes, with the aim to generate an internationally significant assessment of the political economy of Indian agrarian reform.Read moreRead less
Labour Force Challenges in the Building and Construction Industry: Skills Infrastructure and Migrant Workers. The project examines the sustainability of present labour supply arrangements in the building and construction industry in the context of restructuring and reorientation of the major construction companies and the intensification of pyramid sub-contracting arrangements. This will highlight the challenges engendered by the changing pattern of training and skill accreditation, sourcing an ....Labour Force Challenges in the Building and Construction Industry: Skills Infrastructure and Migrant Workers. The project examines the sustainability of present labour supply arrangements in the building and construction industry in the context of restructuring and reorientation of the major construction companies and the intensification of pyramid sub-contracting arrangements. This will highlight the challenges engendered by the changing pattern of training and skill accreditation, sourcing and recruitment arrangements, and industry resort to immigrant and short-term and clandestine migrant workers. The analysis of labour supply arrangements will inform a better assessment of the capacity of the industry to improve construction standards and promote technological advances, and thereby contribute to charting a new strategic vision.Read moreRead less
APEC, the WTO and bilateral free trade agreements (FTAs): which way forward for Japan's agricultural trade liberalisation? Japan is an important market for Australian farm products, but high import barriers prevent the full potential of this market from being realised. Japan has consistently presented stiff opposition to agricultural trade liberalisation - in APEC, at the WTO, and in bilateral free trade negotiations. The project, by identifying which negotiating arena is most likely to deliver ....APEC, the WTO and bilateral free trade agreements (FTAs): which way forward for Japan's agricultural trade liberalisation? Japan is an important market for Australian farm products, but high import barriers prevent the full potential of this market from being realised. Japan has consistently presented stiff opposition to agricultural trade liberalisation - in APEC, at the WTO, and in bilateral free trade negotiations. The project, by identifying which negotiating arena is most likely to deliver an agreement to liberalise agricultural trade, will contribute to the advancement of Australia's economic and trading interests. Improving access to the Japanese market for agricultural products in the context of a broader trade agreement will generate substantial dividends for Australian farmers as well as tangible benefits for the wider community.Read moreRead less
Multidisciplinary analysis of financial reference points and wellbeing. The aim is to find how to improve financial decisions (i) during unexpected economic shocks, and (ii) by the socially disadvantaged. The project will produce the first large-scale evidence on heterogeneity in benchmarks (reference points) against which people evaluate financial alternatives and the role of such benchmarks in financial risk-taking and in creating and perpetuating economic inequality. The expected outcomes inc ....Multidisciplinary analysis of financial reference points and wellbeing. The aim is to find how to improve financial decisions (i) during unexpected economic shocks, and (ii) by the socially disadvantaged. The project will produce the first large-scale evidence on heterogeneity in benchmarks (reference points) against which people evaluate financial alternatives and the role of such benchmarks in financial risk-taking and in creating and perpetuating economic inequality. The expected outcomes include transformed interdisciplinary understanding of financial decisions and significantly greater capacity for multidisciplinary collaboration. The findings will inform policy on promoting financial wellbeing and to mitigate the devastating effects of sudden economic shocks such as that of COVID-19.Read moreRead less
Market Model of Implied Volatility. The outcomes of the project will constitute a new methodology with a wide range of tools to handle the market uncertainties with practical applications in the finance industry. Consequently, the benefits of this project to the nation include enhancing its scientific standing in the international community, the training of Australian researchers in forefront methods of modelling of complex stochastic systems and the benefits resulting from its commercially rele ....Market Model of Implied Volatility. The outcomes of the project will constitute a new methodology with a wide range of tools to handle the market uncertainties with practical applications in the finance industry. Consequently, the benefits of this project to the nation include enhancing its scientific standing in the international community, the training of Australian researchers in forefront methods of modelling of complex stochastic systems and the benefits resulting from its commercially relevant elements. Read moreRead less