Economic Diplomacy and National Prosperity. This project aims to examine the effectiveness of economic diplomacy in contributing to Australia’s exports and inflow of foreign investment. The government’s economic diplomacy agenda guides a substantial portion of the activity of the Australian Government Department of Foreign Affairs and Trade (DFAT). With the collaboration of DFAT, the project will develop a dataset to capture characteristics of Australia’s diplomatic sector, export and foreign di ....Economic Diplomacy and National Prosperity. This project aims to examine the effectiveness of economic diplomacy in contributing to Australia’s exports and inflow of foreign investment. The government’s economic diplomacy agenda guides a substantial portion of the activity of the Australian Government Department of Foreign Affairs and Trade (DFAT). With the collaboration of DFAT, the project will develop a dataset to capture characteristics of Australia’s diplomatic sector, export and foreign direct investment ; use a gravity model to identify the determinants of trade and investment through diplomacy for Australia; and estimate the benefits to specific export industries. The project aims to also inform DFAT’s resource allocation, risk management and to assist advocacy in the public domain on trade and investment issues.Read moreRead less
China's Exports and Growth and Major East Asia Summit Economies - Exploring Regional Impact and Policy Responses. The project benefits Australia's current long-term economic priorities and engagement with Asia in five ways. It provides: (1) collaborative research with East Asia Summit (EAS) networked experts on topics of mutual interest, (2) a new perspective on the effects of China on EAS4 trade and growth, (3) substantive improved findings on EAS4 economic and trade policy options, (4) signifi ....China's Exports and Growth and Major East Asia Summit Economies - Exploring Regional Impact and Policy Responses. The project benefits Australia's current long-term economic priorities and engagement with Asia in five ways. It provides: (1) collaborative research with East Asia Summit (EAS) networked experts on topics of mutual interest, (2) a new perspective on the effects of China on EAS4 trade and growth, (3) substantive improved findings on EAS4 economic and trade policy options, (4) significant inputs to analysis, debates and negotiations in the recently proposed EAS free trade agreement (FTA), and (5) useful applications to Australia's similar bilateral FTAs under negotiation (e.g., Australia-Korea and Japan FTAs).Read moreRead less
South Asian and East Asian economic integration and Australia: strategies for Asian regional cooperation. Australia has a vital interest in India's rise, its impact on South Asia's development and its integration with South and East Asia. The limited knowledge and the thinness of the intellectual base and institutional connections that would allow us to manage our interests in this event effectively mean that Australia is not yet well positioned to influence the forces and the thinking that will ....South Asian and East Asian economic integration and Australia: strategies for Asian regional cooperation. Australia has a vital interest in India's rise, its impact on South Asia's development and its integration with South and East Asia. The limited knowledge and the thinness of the intellectual base and institutional connections that would allow us to manage our interests in this event effectively mean that Australia is not yet well positioned to influence the forces and the thinking that will drive the process. Moving to explore the phenomenon of South Asia's development and aspirations in Asia and globally, is now a priority for Australia as other economies move to take up the opportunities that are unfolding from this development. This is a ground-breaking project that will address these deficiencies.Read moreRead less
The growth of Chinese foreign direct investment and its impact on developed-country regulation and Chinese institutions. This project will study the growth of Chinese foreign direct investment globally, identifying its causes and drivers, and the link between foreign investment and the liberalisation of the Chinese economy. This project's findings will inform the elaboration of Australia's policy response to Chinese direct investment.
Embedded emissions accounting: frameworks for trade in a net-zero world. This project aims to inform Government on potential accounting frameworks for greenhouse emissions embedded in tradable products. Public frameworks are urgently needed given the emergence internationally of trade-related climate policies such as carbon border adjustment mechanisms. The project expects to contribute to global knowledge on embedded emissions frameworks by combining economic, engineering, science and policy pe ....Embedded emissions accounting: frameworks for trade in a net-zero world. This project aims to inform Government on potential accounting frameworks for greenhouse emissions embedded in tradable products. Public frameworks are urgently needed given the emergence internationally of trade-related climate policies such as carbon border adjustment mechanisms. The project expects to contribute to global knowledge on embedded emissions frameworks by combining economic, engineering, science and policy perspectives. Expected outcomes include improved: capability within Government; understanding among Australian stakeholders; and integration with international approaches. Expected benefits include lower regulatory barriers to global emissions reductions, and fairer access to international markets for Australian producers. Read moreRead less
The efficiency of the global patent system. This project will be the first study in the world to combine a new international patent database with more in-depth local information from Australia, Japan, US, Europe and Chinese Asia (China, Taiwan). The patent system should be globally consistent; simple and cost effective to use; parsimonious in the grant of monopoly rights; and provide a level playing field for all inventors. Existing empirical evidence indicates that the patent system is current ....The efficiency of the global patent system. This project will be the first study in the world to combine a new international patent database with more in-depth local information from Australia, Japan, US, Europe and Chinese Asia (China, Taiwan). The patent system should be globally consistent; simple and cost effective to use; parsimonious in the grant of monopoly rights; and provide a level playing field for all inventors. Existing empirical evidence indicates that the patent system is currently inefficient and this has negative effects on our Research and Development sector.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
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