Publications

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Author: Steven Bond-SmithX
Analysis of costs and savings of Proposed Reforms to Higher Education Rebecca Cassells, Steven Bond-Smith The Australian Government recently announced a Higher Education Reform Package that has the overarching objective of incentivising students to “make more job-relevant decisions about their education”. The proposed reforms includes changes to both student and Commonwealth contributions to higher education... Read article 23 July 2020COVID-19 Insights  |  COVID-19 Insights Read More
The unintended consequences of increasing returns to scale in geographical economics Steven Bond-Smith Increasing returns to scale is now fundamental to both economics and economic geography. But first generation theories of endogenous growth imply an empirically-refuted scale effect. This scale effect and assumptions to negate the scale effect both imply unintentional spatial consequences.... Read article 3 December 2019Working Papers Read More
A multi-sector model of relatedness, growth and industry clustering Steven Bond-Smith, Philip McCann This article builds an understanding of regional innovation specialisation by developing a multi-sector model with endogenous growth through quality improving innovations and spillovers from related technologies. The model provides an approach to incorporate the relatedness literature within the mainstream theoretical... Read article 5 November 2019Journal Articles Read More
A multi-sector model of relatedness, growth and industry clustering Steven Bond-Smith, Philip McCann This article builds an understanding of regional innovation specialization by developing a multi-sector model with endogenous growth through quality improving innovations and spillovers from related technologies. The model provides an approach to incorporate the relatedness literature within the mainstream theoretical... Read article 30 September 2019Working Papers Read More
Future-Proofing the WA Economy Steven Bond-Smith, Michael Dockery, Alan Duncan, Daniel Kiely, Silvia Salazar Future-Proofing the WA Economy is the fourth report in the Bankwest Curtin Economics Centre’s Focus on Industry report series. The report recommends the implementation of a ‘smart specialisation’ approach to regional diversification, to ensure that new development opportunities build on... Read article 30 August 2019BCEC Reports  |  Focus on Industry Read More
The decades-long dispute over scale effects in the Theory of Economic Growth Steven Bond-Smith The so‐called “new growth theory” is characterized by the now Nobel Prize winning insight that ideas are a nonrival input to and output from endogenous investment in innovation. Nonrivalry implies increasing returns to scale, but this also unintentionally creates an... Read article 5 August 2019Journal Articles Read More
The decades-long dispute over scale effects in the theory of economic growth Steven Bond-Smith The so-called ‘new growth theory’ is characterized by the now Nobel Prize winning insight that ideas are a non-rival input to and output from endogenous investment in innovation. Non-rivalry implies increasing returns to scale, but this also unintentionally creates an... Read article 1 March 2019Working Papers Read More
The impact of compatibility on innovation in markets with network effects Steven Bond-Smith This article analyses the relationship between compatibility and innovation in markets with network effects using a model of competition with endogenous R&D, commercialization and compatibility. Compatibility is a mutual decision between firms and demand is partially dependent on overall consumption... Read article 31 January 2019Journal Articles Read More
To Health and Happiness Steven Bond-Smith, Alan Duncan, Astghik Mavisakalyan, Richard Seymour, Yashar Tarverdi We often hear that an ageing Western Australian population will have a profound impact on our labour market and economy. However, it is the pressure that this changing demographic is placing on our health system that may cause the largest social impact of... Read article 7 December 2018Focus on Industry Read More
The impact of compatibility on innovation in markets with network effects Steven Bond-Smith This article analyses the relationship between compatibility and innovation in markets with network effects using a model of competition with endogenous R&D, commercialization and compatibility. Incumbent acquisition of an innovation or profit from entry provides entrepreneurs with an incentive for... Read article 3 December 2018Working Papers Read More
Discretely innovating: The effect of barriers to entry on innovation and growth Steven Bond-Smith This article considers the effect of a discrete entry barrier (i.e. an integer number of firms) in an endogenous growth model to draw conclusions about the relationship between contestability, innovation and growth. Sector specific workers provide a tool for calibrating... Read article 3 December 2018Working Papers Read More
Falling Through the Net Steven Bond-Smith, Alan Duncan, Daniel Kiely, Silvia Salazar New data technologies, big data analytics and intelligent software systems are transforming the way we produce, consume or distribute commodities, and increasingly, the way we access services. They are also changing the way in which we engage with our personal, social and business... Read article 2 August 2018Focus on WA Read More