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Economics News

eGazette of the School of Economics, the University of Adelaide
Volume 1, Issue 2: Spring 2008

The School of Economics in the News

Professor Christopher Findlay's jointly-authored paper with Professor Peter Drysdale was reported widely by Australian and international media outlets. The paper argues that a confusion has been introduced into policy over the questions of state-ownership and supplier-buyer relations in respect of Chinese investments and that clarifying these issues is likely to be important to Australia's capturing the full benefits from the growth of Chinese resources demand. The draft of the paper is available here; The Age's report on the paper is available here.

Professor Kym Anderson's work for Copenhagen Consensus project on the gains from trade reform has been widely reported around the world, such as in The Guardian.

Professor Mark Weder was recently listed in the leading German financial newspaper Handelsblatt as one of the leading ex-patriate German economists in the world.

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Upcoming Events
12 September: Climate Change Policy: Driving Transformational Change

Dr Martin Parkinson, Secretary of The Department of Climate Change

Dr Parkinson graduated with a Bachelor of Economics in 1980 and a Bachelor of Economics (Hons) in 1981 from the University of Adelaide. He also holds a M.Ec from the Australian National University and a Ph.D from Princeton University. In December 2007 Dr Parkinson was appointed Secretary of the Department of Climate Change. His appointment follows appointments as Deputy Secretary in Treasury with responsibility for domestic and international macroeconomic issues and as Deputy Secretary of the Climate Change Group in the Department of Prime Minister and Cabinet with responsibility for leading and coordinating implementation of the emissions trading scheme and coordinating climate change policy.

The School of Economics warmly invites you to attend Dr Parkison's seminar on Friday, 12 September. To RSVP, please contact Luke van Trigt at luke.vantrigt@adelaide.edu.au.

29 September: Wine 2030 Conference - Research to transform the wine industry

The Wine 2030 Research Network is holding a conference that will examine the future of the wine industry and consider what technologies could transform it.

The wine industry is a unique and successful industry that combines a blend of traditional craftsmanship with the latest in technological innovation. However, it is facing a challenging future. To maintain our competitive advantage, the Australian wine industry must remain at the forefront of technological innovation. As well as investing in incremental improvements in technology and management, the industry must also investigate the potential of technology to create paradigm shifts that fundamentally change the economics of wine production and sale.

The Wine 2030 Conference will look to the future and consider what technologies could transform the wine industry.

Conference registration is now open and a list of speakers and conference papers is now available on its website.

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Recent and Accepted Publications

  • Kym Anderson and A. Valdes (eds), Distortions to Agricultural Incentives in Europe's Transition Economies, Washington DC: World Bank, 2008
  • Kym Anderson and Ernesto Valenzuela (2008), "Where To For Agricultural Policies in East Asia?", East Asian Bureau of Economic Research Newsletter, March, The Australian National University, Crawford School.
  • Mark Dodd (2008), "Obesity and time-inconsistent preferences", Obesity Research & Clinical Practice, 2(2):83-89.
  • Chunlai Chen, Jun Yang and Christopher Findlay (2008),"Measuring the effects of food safety standards on China's Agricultural Exports", Review of World Economics, 144 (1).
  • Casas, I. and Jiti Gao (2008), "Econometric estimation in long-range dependent volatility models: theory and practice", forthcoming in Journal of Econometrics.
  • Jiti Gao, Gijbels, I. and Van Bellegem, S. (2008), "Nonparametric simultaneous testing for structural breaks", Journal of Econometrics 143, 123-142.
  • Jiti Gao, Gijbels, I. (2008), "Bandwidth selection in nonparametric kernel testing," Forthcoming in Journal of the American Statistical Association.
  • Tom Sheridan and Pat Stretton (2008), "Pragmatic Procrastination: Governments, Unions and Equal Pay, 1949-1968", Labour History, No. 94, May 2008, pp.133-156.
  • Andrew Watson, "Civil Society in a Transitional State: The Rise of Associations in China" in Jonathan Unger (ed), Associations and the Chinese State: Contested Spaces (Armonk, NY: M.E. Sharpe, 2008).
  • Murat Atlamaz and Duygu Yengin (2008), "Fair Groves Mechanisms", Journal of Social Choice and Welfare.

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Recent Conference Papers

  • Kym Anderson, J. Giesecke and Ernesto Valenzuela, "Distorted Agricultural Incentives and Australian Economic Development", C/KREI International Symposium on Globalization and the Rural-Urban Divide, Seoul National University, 30 June-1 July 2008.
  • Jiti Gao, "Specification Testing in Nonlinear Time Series Econometrics with Nonstationarity", International Symposium on Recent Developments of Time Series Econometrics, Xiamen University, China, 10-11 May 2008.
  • Jiti Gao, "A New Specification Test in Nonlinear Autoregression," ESAM 2008, Wellington, New Zealand, July 9-11, 2008.
  • Richard Pomfret, "Trade Costs", Monash University, 23 May 2008.
  • Richard Pomfret, keynote speaker, International School of Economics (a joint venture between LSE and the Kazakh-British University), Almaty (Kazakhstan), June 5-6 2008.
  • Richard Pomfret, keynote speaker, launch of the OECD's Economic Outlook of the Black Sea and Central Asia, Bucharest, June 23 2008.
  • Richard Pomfret, "Turkmenistan after Turkmenbashi", Central Asia Forum, Johns Hopkins University Central Asia and Caucasus Institute, Washington DC, 16 July 2008.
  • Richard Pomfret, "Managing an Oil Boom: Has Kazakhstan used its Energy Resources to Promote Diversification through Support for Agriculture?", International Economic Association Triennial Congress, Istanbul 25 August 2008.
  • Duygu Yengin, "Groves Mechanisms and Welfare Bounds in a Variable Population Setting," 9th International Meeting of the Society of Social Choice and Welfare, Concordia University, Montreal, 19-22 June 2008.
  • Duygu Yengin, "Groves Mechanisms and Welfare Bounds in a Variable Population Setting," SED 2008 5th Conference on Economic Design, University of Michigan, 15-17 June 2008.
  • Duygu Yengin, "Fixed-route travelling salesman games and the shapley value," Games 2008, Third World Congress of the Game Theory Society, Northwestern University, 13-17 July 2008.

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Recent Seminar and Workshop Speakers
(Click on the link for the paper)

In this issue:

New Faculty Members

  • Fabrice Collard will be joining the School of Eonomics in 2009. He is a a macroeconomist at GREMAQ which is part of the department of economics of the University of Toulouse.
  • Miss Jia Chen and Mr Degui Li arrived on the 4 September and work with Professor Jiti Gao as ARC Research Research Fellows until February 2010.

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Visitors to the School

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Australian Wine 2030 News

The new Wine 2030 Research Network website was recently launched. The purpose of the Australian Wine 2030 website is to achieve a new level of coordination, communication and cooperation in wine research at the University of Adelaide. The website shows the research capability across the series of activities that make up the wine sector of the University of Adelaide, and demonstrates the capacity of research members to address current questions and management issues.

The Grape and Wine Reaserch and Development Corporation (GWRDC ) project that Kym Anderson is leading has commenced with the modelling of the regional impacts of the wine industry within Australia.

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News in Brief

Professor Richard Pomfret

Richard Pomfret's book "Lecture Notes on International Trade Theory and Policy" is about to be published by World Scientific Press.

Professor Kym Anderson

Kym Anderson has been invited to present at the following conferences:

  • The Semi-Annual conference of Europe's Institute for Quantitative Investment Research, Bordeaux, 5-7 October 2008;
  • World Food Prize Conference (the Borlaug Dialogue) on Agriculture and Global Development: The Next 50 Years, in Iowa, 15-18 October 2008;
  • Pontifical Academy of Sciences Study Week on Transgenic Plants for Food Security, the Vatican, 15-19 May 2009.

He is also co-drafting two reports for the Minister of Trade on Preferential Trade Agreements, the other for Senator MacMullan on Australia and the World Food Price Crisis.

Professor Andrew Watson

Professor Watson was appointed to be Chair of the Board of Advisors for the NPO Research Center at Renmin University in Beijing in April. He has also joined the China-Australia Governance Program, an AusAID funded project, as the Team Leader for its sub-project on Social Security for Migrant Workers, with a focus on working with Chinese officials and researchers to explore the options for developing old-age insurance schemes. The project is an urgent policy issue for the Chinese government. Rural-to-urban migrant workers in China are excluded from the current urban schemes and have very little in the way of social security provisions. The project will involve policy research, the introduction of Australian experience and analysis of current experiments under way in China. It will last two to three years and is costed at around $1.25 million.

Vina Liu

Vina Zhiwei Liu, a graduate of the School's Master of Economics (Research) program has been accepted into the PhD program in Economics at University of Illinois at Urbana-Champaign. [Return to table of contents]