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Author: Steven Bond-SmithX
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
A regional model of endogenous growth without scale assumptions Steven Bond-Smith, Philip McCann, Les Oxley In this paper we model growth using a scale-neutral approach to innovation allowing differences between regions to emerge due to regional mechanisms. In this model, agglomeration is growth enhancing as the scale effect for innovation arises from greater access to... Read article 1 February 2018Journal Articles Read More
The Engine Room for Growth? Steven Bond-Smith, Alan Duncan, Daniel Kiely, Kenneth Leong, Ha Nguyen, Rachel Ong ViforJ The 2015 Federal Budget referred to small businesses as the ‘engine room’ of the economy. Australia’s changing economic landscape means that governments are placing greater emphasis on the important role of small businesses for growth and employment. This is not... Read article 26 May 2017Focus on WA Read More
From Paddock to Plate: WA’s potential in agriculture and agribusiness Steven Bond-Smith, Alan Duncan, Daniel Kiely, Kenneth Leong, Ha Nguyen There has been a collective nervousness following the decline in the resources sector in Western Australia and its associated grim headlines. Agriculture has historically been an important industry for the state. With an expanding middle class in China and a rising population in... Read article 23 September 2016BCEC Reports  |  Focus on Industry Read More
Positioned for an Ideas Boom? Steven Bond-Smith, Rebecca Cassells, Alan Duncan, Daniel Kiely, Yashar Tarverdi Positioned for an Ideas Boom is the fourth report in the Bankwest Curtin Economics Centre Focus on the States series. The report examines an issue of central importance to maintaining economic growth, improving competitiveness and creating jobs – productivity and... Read article 22 March 2016Focus on The States Read More