Growth, Trade, and Economic Development in Asia. Future growth in Asia has strong implications for growth, relative wages, skill levels, human capital accumulation and trade in Australia. This project seeks to gain insight into whether the high economic growth rates experienced in Asia will continue into the future and whether low income Asian countries will take off in the future. This information will be used to simulate future demand for skills, relative wages, trade and the incentives to inv ....Growth, Trade, and Economic Development in Asia. Future growth in Asia has strong implications for growth, relative wages, skill levels, human capital accumulation and trade in Australia. This project seeks to gain insight into whether the high economic growth rates experienced in Asia will continue into the future and whether low income Asian countries will take off in the future. This information will be used to simulate future demand for skills, relative wages, trade and the incentives to invest in Australia and give insight into the effects of various policies in Australia on educational decision, skill composition, relative wages, trade and growth.Read moreRead less
Economic Growth and Real Exchange Rates. Exchange rate movements are important elements of Australia's economic environment. Protectionist interests in the US and Europe, constrained by WTO trade rules, accuse East Asian economies of deliberate undervaluation. While exchange rate movements are not readily predictable in the short run, long run changes in underlying real exchange rates are amenable to economic analysis using structural models. The clearer understanding of these forces, toward ....Economic Growth and Real Exchange Rates. Exchange rate movements are important elements of Australia's economic environment. Protectionist interests in the US and Europe, constrained by WTO trade rules, accuse East Asian economies of deliberate undervaluation. While exchange rate movements are not readily predictable in the short run, long run changes in underlying real exchange rates are amenable to economic analysis using structural models. The clearer understanding of these forces, toward which this project is directed, will better guide investment in the region, including in Australia, and more importantly, it will better inform future policy debates surrounding currency movements.Read moreRead less
Human Capital, Innovations and Economic Growth. This project examines the effects of human capital on economic growth and international knowledge spillovers and the social returns to schooling. Furthermore, the project investigates the role played by human capital and innovations in explaining why Australia has not been able to maintain its leading position in the world over the past 135 years. To that end human capital is estimated for the OECD countries. The project addresses Research Priority ....Human Capital, Innovations and Economic Growth. This project examines the effects of human capital on economic growth and international knowledge spillovers and the social returns to schooling. Furthermore, the project investigates the role played by human capital and innovations in explaining why Australia has not been able to maintain its leading position in the world over the past 135 years. To that end human capital is estimated for the OECD countries. The project addresses Research Priority 3 by examining the role played by education in promoting an innovative culture and enhancing the capacity to absorb world frontier technology. Read moreRead less
Innovation, Competition and Economic Performance: Understanding the Dynamics of Industry Development. An improved understanding of the impact of innovation on competition and economic performance will inform the design of public policy in terms of industry assistance, research and development support, competition policy and regulatory activity. This will help ensure that the billions of dollars of private and public expenditure devoted to innovative activities and industry development has the gr ....Innovation, Competition and Economic Performance: Understanding the Dynamics of Industry Development. An improved understanding of the impact of innovation on competition and economic performance will inform the design of public policy in terms of industry assistance, research and development support, competition policy and regulatory activity. This will help ensure that the billions of dollars of private and public expenditure devoted to innovative activities and industry development has the greatest possible impact in terms of improved products, lower prices and the enhanced competitiveness of Australian businesses.Read moreRead less
Financial development, liberalisation and productivity growth. The analysis performed in this project will provide some new insights into the role of financial policies in bolstering productivity growth. This issue deserves more attention from the policy circle given that a better understanding of the mechanisms by which finance affects growth performance allows policy makers to evaluate the costs and benefits associated with liberalising and deepening the financial systems, thus enabling the fo ....Financial development, liberalisation and productivity growth. The analysis performed in this project will provide some new insights into the role of financial policies in bolstering productivity growth. This issue deserves more attention from the policy circle given that a better understanding of the mechanisms by which finance affects growth performance allows policy makers to evaluate the costs and benefits associated with liberalising and deepening the financial systems, thus enabling the formulation of effective financial policies. This understanding is critical to achieve the Australian policy makers' objective of promoting financial stability and strengthening growth.Read moreRead less