The two tribes of 'The Econ': A study of economists and economic media commentary in Australia
- Authors: Millmow, Alex , Courvisanos, Jerry
- Date: 2007
- Type: Text , Journal article
- Relation: Economic Papers Vol. 26, no. 2 (2007), p. 101-117
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- Description: This article analyses and speculates upon an interesting but unsettling development within the Australian economic profession. It argues that there is a schism within the profession when it comes to providing economic commentary to the media. We argue that only financial market economist voices dominate in the Australian media when it comes to commentary on current economic issues. This has implications for the acceptance of economic policy since these economists are apt to uphold the interests of their employer. In contrast, academic economists suffer from a lack of recognition and reach in the media, which biases the promulgation of economic policy options in the broader community. We present evidence showing that todays generation of academic economists, in contrast to previous generations, is becoming reticent on matters of public policy.
- Description: C1
- Description: 2003005184
Toward a synthetic economic systems modeling tool for sustainable exploitation of ecosystems
- Authors: Richardson, Colin , Courvisanos, Jerry , Crawford, John
- Date: 2011
- Type: Text , Journal article
- Relation: Annals of the New York Academy of Sciences Vol. 1219, no. 1 (2011), p. 171-184
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- Description: Environmental resources that underpin the basic human needs of water, energy, and food are predicted to become in such short supply by 2050 that global security and the well-being of millions will be under threat. These natural commodities have been allowed to reach crisis levels of supply because of a failure of economic systems to sustain them. This is largely because there have been no means of integrating their exploitation into any economic model that effectively addresses ecological systemic failures in a way that provides an integrated ecological-economic tool that can monitor and evaluate market and policy targets. We review the reasons for this and recent attempts to address the problem while identifying outstanding issues. The key elements of a policy-oriented economic model that integrates ecosystem processes are described and form the basis of a proposed new synthesis approach. The approach is illustrated by an indicative case study that develops a simple model for rainfed and irrigated food production in the Murray-Darling basin of southeastern Australia. © 2011 New York Academy of Sciences.
Towards a model of eco-sustainable agricultural production in a regulated river basin
- Authors: Courvisanos, Jerry , Richardson, Colin
- Date: 2011
- Type: Text , Journal article
- Relation: Journal of Innovation Economics Vol. 2, no. 8 (2011), p. 59-87
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- Description: A clear path to the new eco-sustainable techno-economic paradigm is mapped out in Courvisanos (2009a) using a framework for innovation and investment developed from the seminal work of Adolph Lowe and Michal Kalecki. This theoretical framework is based around three elements that are crucial to achieving this eco-sustainable paradigm: (i) cumulative effective demand for eco-sustainable products, services and processes, (ii) ecological rules for capital investment to ensure resource saving and long-term carrying capacity, and (iii) iterative flexible public and private planning and monitoring processes to allow ecologically sustainable innovation to be supported by infrastructure, R&D and learning and development systems. This path was specifically applied in Courvisanos (2009a) to regional (non-metropolitan) Australia, an area of food and fibre production that is fragile because of drought, fire and massive storms due to ecological degradation and greenhouse warming. The heartland of regional Australia is the nation’s food bowl, the Murray-Darling River Basin (MDRB), which is under great stress due to salination and drought. There also is great rainfall variability with huge floods due to climate change, as became evident in 2010. A path for resolution of the concerns of specific regional and corporate interests along the whole Murray-Darling river system has not yet emerged. What is required is an eco-sustainable framework that addresses these issues in a holistic manner.
- Description: 200300879
Urban growth centres on the periphery : Ad hoc policy vision and research neglect
- Authors: Jain, Ameeta , Courvisanos, Jerry
- Date: 2009
- Type: Text , Journal article
- Relation: Australasian Journal of Regional Studies Vol. 15, no. 1 (2009), p. 3-26
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- Description: The focus of this paper is peripheral urban growth centres on the edges of capital cities in Australia and the challenges they face as dormitory suburbs attempting to establish their own local business development. These challenges create dilemmas as infrastructure and climate change place pressure on long commuting times, while developing strong locally based communities is limited by many resource and demand constraints. The main research question is to examine how these challenges are being addressed in both public policy and academic research. Two propositions emerge from this analysis. The first is that, despite clear recognition of these challenges by public policy makers, there is a lack of coherent policy vision in addressing the dilemmas that are facing these urban growth centres. The second is that, despite all the concerns and lack of policy vision, there is a dearth of useful academic research in Australia to understand the dilemmas and provide guidance for appropriate policy options. In the context of ad hoc policy and academic neglect; Casey, Melton and Wyndham are the three major urban peripheral local government areas in Victoria that are profiled in this paper. They serve as examples in examining incoherence of policy and then analysing the elements that are needed for effective and strong peripheral growth centres that could propel these centres towards efficient and equitable liveable communities. A broad composite model of regional economic development is used to examine the attendant problems in these urban centres and the various viable policy options for addressing these problems. In the process, this paper aims to provide a basis for further rigorous academic investigation of peripheral urban growth centres in Australia and, arising from this, more coherent policies for the economic development of such centres. [ABSTRACT FROM AUTHOR]
- Description: 2003007339