The School of Economics is hosting a two-day Stata workshop on June 21-22 by Christopher F. Baum.

Title: Applied Econometric Research Methods using Stata

Venue: Engineering Nth N158 Chapman Lecture Theatre

Christopher F Baum

Professor Baum is the author of “An Introduction to Stata Programming, 2009. College Station, TX: Stata Press” and “An Introduction to Modern Econometrics Using Stata, 2006. College Station, TX: Stata Press”.


Research Seminar – a GMM Approach for Dealing with Missing Data on Regressors

10 May(Monday)

Listen to a podcast of Jason Abrevaya

University of Texas – Austin

A GMM Approach for Dealing with Missing Data on Regressors and Instruments

(Seminar held at The Kerr Grant Lecture Theatre, Physics Building)

For more information of Research Seminars from the school of economics be sure to visit our web site.

The last of this year’s wine grapes are being harvested this weekend and given the poor prices they’re fetching it’s a bitter-sweet end to the season for many growers. Long-term though, the outlook is apparently still pretty good for the Australian wine industry according to Professor Kym Anderson who is part of a team at the Wine Economics Research Centre of the University of Adelaide looking well beyond the latest downturn to what the business might look like in 20 years.

Watch the ABC Landline Grapes of Wrath video.

The final episode of the ABC radio national ‘Australia Talks’ program for March featured Professor Kym Anderson from the Wine Economics Research Centre at the University of Adelaide. From the ABC website

In a global wine glut, Australia is producing up to 40 million cases a year more than it is selling. While it’s good news for drinkers looking for a bargain, it’s bad news for the industry – especially small producers struggling to survive with low prices. So how did things get so bad and what’s being done to fix it? What will it mean for wine quality and prices in the future? Kym Anderson joins the panel to discuss this pressing issue.

Listen to the Wine Glut discussion on ABC Radio National.


The opening of the new Adelaide Laboratory for Experimental Economics took  take place on April 19 at 5.15pm, Room 7.03, 7th Floor, Nexus 10 (10 Pulteney Street). A special lecture by Ralph Bayer explored  reasons why a woman stole over $160,000 from a man she promised to share it with.

Opening of the new Adelaide Laboratory for Experimental Economics

spacer Adelaide Laboratory for Experimental Economics

The Opening of the New Adelaide Laboratory for Experimental Economics

With Dr Ralph Bayer, Adelaide University, School of Economics

This lecture explored mechanisms by which human beings are able to co-operate but why they often fail.  The focus will be on the smallest possible groups – partnerships, and will consider the impact of reputation, break-ups, partner choice, norms and strategic behaviour on the level of co-operation and its development over time.   It will explain the methodology lying behind experimental economics and will discuss its relevance to issues such as global warming, water allocations, the provision of public goods, joint business ventures and joint liability for debt.  The analysis will be based on data already gathered from experiments conducted in the existing Experimental Laboratory.

Dr Ralph Bayer joined the School of Economics 2002 after completing his PhD at the London School of Economics. He established and now directs,  AdLab – the Adelaide Laboratory for Experimental Economics, which is one of the first experimental laboratories for Economics in Australia. Dr Bayer’s research has been published in leading Economics Journals and he has presented his work at numerous conferences and invited seminars around the world.

Dr Bayer’s research focuses on behavioural economics, experimental economics and game theory.  He is particularly interested in explaining why humans’ behaviour regularly deviates from what standard game theory predicts. His experimental studies focus on limited cognitive abilities, social preferences and reciprocity. In more traditional work Dr Bayer has worked extensively on topics related to tax evasion of individuals and firms and on questions related to market structure and conduct.

Golden Balls – £100000 Split Or Steal? 14/03/08

University of Adelaide Economics researcher, Professor Kym Anderson has recently published a paper that tracks increases in global welfare. From a press release:

World Bank researcher finds that agricultural reform in developing countries increased global welfare by $233 billion per year

MILWAUKEE – Agricultural price and trade policy reforms initiated in partial response to a landmark World Bank study have improved global economic welfare dramatically, especially in developing countries, according to Kym Anderson of the University of Adelaide, Australia. A selection of Anderson’s findings, from a study he directed while at the World Bank, appears in the latest edition of the journal Applied Economic Perspectives and Policy (AEPP).

A seminal study of distortions to agricultural incentives in 18 developing countries from 1960-84, published in 1988 by Krueger, Schiff and Valdés, revealed that policies in many developing countries were directly or indirectly harming their farmers. Such policies include agricultural export taxes, manufacturing protection, or multiple exchange rates. Since the mid-1980s, however, there has been a substantial amount of economic policy reform, market liberalization, and poltical and social change.

The full text of this article, “Krueger/Schiff/Valdés Revisited: Agricultural Price and Trade Policy Reform in Developing Countries since 1960”, can be obtained via the World Bank website.

Centre for International Economic Studies (CIES) Working Paper (#1004, Feb 2010)

Dr Thomas Lubik is senior economist in the Research Department at the Federal Reserve Bank of Richmond.  Dr Lubik is also the inaugural Geoff Harcourt Visiting Professor of Economics at the School of Economics in the University of Adelaide.  He has published his work in numerous academic journals, including the American Economic Review and the Journal of Monetary Economics.  Dr Lubik is an associate editor of the Journal of Economic Dynamics and Control and a frequent visitor to international central banks, most recently the Deutsche Bundesbank and the Reserve Bank of New Zealand.


headshot of Thomas A. Lubik

TOPIC:  The Great Recession and the Future of Central Banking

DATE:    Tuesday 15 December, 2009

TIME:    4.00-5.30pm followed by drinks to 6.30pm

VENUE:  126 SANTOS Lecture Theatre, Marjoribanks Building, The Professions Hub, Cnr Pulteney Street and North Terrace, The University of Adelaide.  RSVP’s  no later than Wednesday 9 December 2009, please contact Ms Litsa Morris or phone 8303 4768.  BOOKINGS ARE ESSENTIAL.

The Great Recession and the Future of Central Banking

Dr Lubik will speak first on the “Great Recession”.  He will lay out and discuss factors such as (i) financial innovation (ii) global imbalances (iii) (monetary) policy failure.  He will then discuss the future of central banking.  This will cover the issue of whether the “too big to fail” genie is out of the bottle, that is, can central; banks ever commit again?  He will comment on the role of a systemic risk regulator, whether this is actually a useful concept at all, and how one would implement this.  What will follow is a discussion of new capital adequacy standards and increased financial regulation but also a review of regulatory capture and how this contributed to the crisis.  The presentation will conclude with comments on central bank independence.  The talk will be illustrated by the experiences in the United States.

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