Prior sensitivity analysis for Bayesian Markov chain Monte Carlo output. This project aims to develop the first set of techniques to implement an automated output sensitivity analysis for Markov Chain Monte Carlo (MCMC) estimation methods. Computationally intense Bayesian MCMC provide a powerful alternative to classical methods for the estimation of economic models. An obstacle to their wider application is that researchers need to specify prior beliefs about model parameters that will affect t ....Prior sensitivity analysis for Bayesian Markov chain Monte Carlo output. This project aims to develop the first set of techniques to implement an automated output sensitivity analysis for Markov Chain Monte Carlo (MCMC) estimation methods. Computationally intense Bayesian MCMC provide a powerful alternative to classical methods for the estimation of economic models. An obstacle to their wider application is that researchers need to specify prior beliefs about model parameters that will affect the results. The expected outcomes will enable researchers to undertake a routine assessment of the sensitivity of the results to prior inputs.Read moreRead less
Asset Market Interconnectedness and Exotic Options: The Mean Impact Surface. The project intends to develop models to price financial risk more accurately during periods of financial stress and increasing global interconnectedness. Specifically, it plans to develop a new class of latent factor models with time-varying loadings to model the interconnectedness of global financial markets during periods of financial stress. A key feature of the proposed model is the role of second-order conditional ....Asset Market Interconnectedness and Exotic Options: The Mean Impact Surface. The project intends to develop models to price financial risk more accurately during periods of financial stress and increasing global interconnectedness. Specifically, it plans to develop a new class of latent factor models with time-varying loadings to model the interconnectedness of global financial markets during periods of financial stress. A key feature of the proposed model is the role of second-order conditional moments of the underlying innovation processes in modelling asset return dynamics. The proposed model is characterised by higher order nonlinear structures which are captured graphically by the mean impact surface. The project also plans to develop a new class of tests to detect higher order dependencies among asset returns in the presence of time-varying volatility, and to investigate the implications for constructing portfolios with exotic options to hedge risk during financial crises.Read moreRead less
Dynamic Count Models of Financial Contagion with Applications to Global Banking and Currency Crises. An international model of contagion and interconnectedness is developed and applied using annual time series on banking and currency crises in developed and emerging countries. The model represents a new class of multivariate dynamic count models that allows for important dynamical interactions to capture the transmission of financial crises across national and international asset markets. The p ....Dynamic Count Models of Financial Contagion with Applications to Global Banking and Currency Crises. An international model of contagion and interconnectedness is developed and applied using annual time series on banking and currency crises in developed and emerging countries. The model represents a new class of multivariate dynamic count models that allows for important dynamical interactions to capture the transmission of financial crises across national and international asset markets. The properties of the models are investigated as well as the development of new estimation methods based on simulation techniques. An important implication of the approach is that it can be used as an early warning signal of future crises, thereby providing an input into the design of future policy on crisis management.Read moreRead less
Industrial Transformation Training Centres - Grant ID: IC220100030
Funder
Australian Research Council
Funding Amount
$4,978,958.00
Summary
ARC Training Centre for Next-Gen Architectural Manufacturing. The Centre will generate specialised workforce capacity within Australia’s architectural sector. Leveraging advanced architectural computing discoveries will connect architectural design with the opportunities afforded by advanced manufacturing systems. The Centre will triangulate world-leading researchers, visionary partners, and talented graduates, integrating research into practice through digital business strategies, augmented int ....ARC Training Centre for Next-Gen Architectural Manufacturing. The Centre will generate specialised workforce capacity within Australia’s architectural sector. Leveraging advanced architectural computing discoveries will connect architectural design with the opportunities afforded by advanced manufacturing systems. The Centre will triangulate world-leading researchers, visionary partners, and talented graduates, integrating research into practice through digital business strategies, augmented intelligence, and computing domains of expertise. The Centre’s program of industry-embedded PhD’s, national/international placements, short courses, and post-doctoral projects will co-develop the change agents needed to transform the architectural profession to meet our nation’s immediate strategic needs.Read moreRead less
A New Phase and New Issues of Rural-Urban Migration in China. China’s urbanisation has come to a turning point. The large pool of rural young workers (16-25 years of age), which fed the industrialisation needs of the 1990s and 2000s, has exhausted. Future growth needs to rely on the increase in the length of stay of the existing migrants and the increase in older new migrants. Due to this shift, the institutional restrictions, which deter family migration, become the key challenge. This project ....A New Phase and New Issues of Rural-Urban Migration in China. China’s urbanisation has come to a turning point. The large pool of rural young workers (16-25 years of age), which fed the industrialisation needs of the 1990s and 2000s, has exhausted. Future growth needs to rely on the increase in the length of stay of the existing migrants and the increase in older new migrants. Due to this shift, the institutional restrictions, which deter family migration, become the key challenge. This project examines the cost of the migration restrictions (shortened labour supply and reduced human capital accumulation for the current and next generation migrants: their education, health and pro-social behaviour); and the best way to reform the restrictions on family migration and the priority for the reform.Read moreRead less
Food system resilience in Indonesia: A moral economy approach. This project aims to understand and enhance food security in Indonesia and beyond. It examines culture-specific moral concepts, embedded in food systems and daily practices, that affect food security. For 60 years, the dominant approach to food security has been to boost supply by industrialising agriculture and liberalising trade, but this market-based approach has failed. One billion people are food insecure. The project will condu ....Food system resilience in Indonesia: A moral economy approach. This project aims to understand and enhance food security in Indonesia and beyond. It examines culture-specific moral concepts, embedded in food systems and daily practices, that affect food security. For 60 years, the dominant approach to food security has been to boost supply by industrialising agriculture and liberalising trade, but this market-based approach has failed. One billion people are food insecure. The project will conduct case studies of three food systems to examine how moral economies ameliorate market failures locally and how different rural development programs disrupt or enhance their capacity to do so. The data produced could inform food security-friendly development of trade policies and provide the evidence base for UN efforts toward a global food solidarity pact.Read moreRead less
Green shoots? Exploring the genesis and development of a Green Economy in Australia. Creating a green economy is fundamental to the sustainability of Australia in the twenty-first-century. This project will explore the genesis of this new economy, and for the first time, develop a classification of green industries, measure their significance and map the geography of the nation's green economy by sector and region.
Linkage Infrastructure, Equipment And Facilities - Grant ID: LE0989986
Funder
Australian Research Council
Funding Amount
$230,000.00
Summary
Hybrid Fourier Transform Dispersive Raman Micro-Spectrometer. This facility will be used in a wide range of existing and new research projects in government priority areas such as the development of new materials, frontier technologies for building and transforming existing industries, better understanding of diversity and functioning in mycorrhizal and other fungi in forest soils and plant roots and developing new characterisation methods for forensic investigations. The proposed equipment aims ....Hybrid Fourier Transform Dispersive Raman Micro-Spectrometer. This facility will be used in a wide range of existing and new research projects in government priority areas such as the development of new materials, frontier technologies for building and transforming existing industries, better understanding of diversity and functioning in mycorrhizal and other fungi in forest soils and plant roots and developing new characterisation methods for forensic investigations. The proposed equipment aims to provide outstanding opportunities for the training of research students, expanding research in the fields of materials, minerals, geological, environmental and forensic science enabling to maintain Australia's lead and competitiveness in cutting edge research and technology. Read moreRead less
Addressing race-based discrimination in Australia: a cost-benefit analysis. This project is designed to produce sustainable benefits to Australian society through the provision of important data needed to promote investment in strategies to address race-based discrimination. This will benefit both the lives of individuals experiencing race-based discrimination, including those from Indigenous and culturally and linguistically diverse backgrounds. It will also benefit society as a whole through p ....Addressing race-based discrimination in Australia: a cost-benefit analysis. This project is designed to produce sustainable benefits to Australian society through the provision of important data needed to promote investment in strategies to address race-based discrimination. This will benefit both the lives of individuals experiencing race-based discrimination, including those from Indigenous and culturally and linguistically diverse backgrounds. It will also benefit society as a whole through promotion of social cohesion and community connectedness and the economic benefits resulting from increased productivity and workforce participation and reduced burden on health, social and welfare systems.Read moreRead less
The Coupling of Plasticity, Microstructure and Phase Transformations in the Design of Novel Magnesium Alloys for the Automotive Industry. The desire to reduce the weight of automobiles due to legislative requirements on fuel emissions and to reduce overall fuel consumption is the driving force behind research into the development of new Mg-based alloys to replace the heavier steel and Al-alloy components in automobiles. Given the enormous worldwide transportation market and the environmental and ....The Coupling of Plasticity, Microstructure and Phase Transformations in the Design of Novel Magnesium Alloys for the Automotive Industry. The desire to reduce the weight of automobiles due to legislative requirements on fuel emissions and to reduce overall fuel consumption is the driving force behind research into the development of new Mg-based alloys to replace the heavier steel and Al-alloy components in automobiles. Given the enormous worldwide transportation market and the environmental and legislative motivation for reducing fuel emissions, the development of new Mg-based alloys capable of meeting this demand from automotive manufacturers represents both a potentially large economic advantage to the country of development as well as helping to address the environmental concern about fuel emissions.Read moreRead less