Innovation is key to boosting Australia’s productivity and inclusiveness. This paper examines the policies that create good conditions for innovation, not only in science and technology but also wider forms, such as business-model innovation. Competition and flexible markets are particularly...

R&D activity can play a central role in raising productivity. Australia compares well in terms of research excellence. However, there is scope for better translation of publicly funded research into commercial outcomes. Strengthening incentives for collaborative research is essential. A simpler...

US dollar appreciation is associated with a darkening of the economic outlook for emerging market economies (EMEs). Using data from 21 EMEs, we find that a 1 percentage point (ppt) appreciation shock to the dollar against a broad basket of currencies dampens the growth outlook by over 0.3 ppt...