Innovation Economics in Queensland
Time and Location: 9:00 am—4:30 pm on 15 July 2024 at QUT Gardens Point Campus, Brisbane, QLD, with a light lunch provided
Organisers: QUT’s Centre for Data Science and CSIRO’s Data61 Innovation Economics Team
Event: This event showcases Queensland-based researchers’ work on productivity and the economic, environmental, and social benefits of innovation and adopting new digital technologies.
The challenge: Digital technologies have been said to generate environmental, social and economic values, contributing to productivity enhancement, economic growth, and social development. Newer Industry 4.0 technologies (advanced AI applications, quantum computing, blockchain, and 3D printing) offer even greater promise. However, formal statistics show that Queensland and Australia are experiencing long-term productivity decline despite the broadscale adoption of productivity-enhancing digital technologies and services over the last 30 years. Scholarly research on these issues is rare.
In practice, agencies such as CSIRO’s Data61 are frequently requested to assess and forecast the magnitude of economic and other gains from innovation and emerging digital technologies. Practitioners often use a mix of technology and economic methods in their evaluation work. For example, they examine the benefits in terms of productivity uplift, improvement in competitiveness and quality of exported goods and services, and value of new industries and job creation generated by emerging digital technologies. Other benefits, including industrial complexity, enterprise dynamism, and new path creation, are sometimes considered. Importantly, these estimations are done using blunt assumptions and broad extrapolations. Hence, an in-depth and critical analysis of these applications is needed.
This symposium will discuss research related to the following themese
- Benchmarking and measuring the socio-economic impacts of innovation, especially innovation through digital technology
- Issues around data needed to conduct better socio-economic impact assessment
- Statsitical and econometric methods related to socio-economic impact assessment from new technologies
- Needed collaborations among institutions to enhance research outcomes and quality in these related themes.
Dr Lucy Cameron | Team Leader and Principal Research Consultant |Innovation Economics | CSIRO | email: lucy.cameron@data61.csiro.au
Dr Viet-Ngu Hoang | Associate Professor in Economics | QUT Faculty of Business and Law | Co-Lead of Social Systems Domain in QUT Centre for Data Science | email: vincent.hoang@qut.edu.au
Agenda:
| Time | Topic | Facilitator/
Presenter |
| 9am | Gather for 9:30am start | |
| 9:30am | Welcome address:
Solow’s Paradox and Queensland’s productivity challenge |
Lucy Cameron |
| 10am | Measuring Regional Innovation Efficiency in Queensland | Vincent Hoang |
| 10:30am | Morning Tea | |
| 11:00am | Building a Sustainable Social Innovation Ecosystem: Insights from Australia | Hien Pham |
| 11:30am
|
Determinants of innovative outcomes of firms in Regional Queensland | Anushiya Thanapalan |
| 12:00pm | Challenges and Solutions in Tracking and Tracing the Emergence of the AI Business Ecosystem | Alexandra Bratanova |
| 12:30pm | Lunchtime Panel Discussion on “Measuring the impacts of innovation in Queensland” | Panellists include
Char-lee McLennan Nicole Blackett Lucy Cameron Moderator: Vincent Hoang |
| Economics of Change | ||
| 1:30pm | Data challenges in Innovation Economics | Char-lee McLennan |
| 2:00pm | Small Business Mindset and Stage Theories | Olav Muurlink |
| 2:30pm | Navigating Product Risk: The Role of Innovation Culture and Product Governance | Yuyu Zhang |
| 3:00pm | Afternoon tea | |
| 3:30pm | The Effect of Carbon Price on Low Carbon Innovation | Berardo Cantone |
| 4:00pm | Evaluating Energy Productivity and Greenhouse Gas Emissions | Hafsa Pial |
| 4:30pm | Thanks and Closing Remarks for the Day | Vincent Hoang |
Details:
| Location: | GP-Z1064, Gibson Room, Level 10 Z Block QUT Gardens Point Campus |
| Start Date: | 15/07/2024 [add to calendar] |
| Start Time: | 9:00am |
| End Date: | 15/07/2024 |
| End Time: | 4:30pm |
| Organiser: | QUT Centre for Data Science and CSIRO Data61 Innovation Economics Team |
| Enquiries: | datascience@qut.edu.au |
| Register: |