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SA economic recovery to continue but reopening no guarantee of economic windfall
South Australia鈥檚 economic recovery is expected to continue well into the new year. Recent strong growth in business investment, a backlog of construction work, and reopening of borders will support the ongoing recovery. But the economic benefits of reopening will be diminished to the extent that it leads to fresh COVID outbreaks and voluntary social distancing.
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Education can mitigate COVID-19 employment shocks
A new research paper from SACES which examines the impact of COVID-19 on employment in South Australia with particular reference to the young argues that more support for education and training is the key to offsetting the employment impacts of similar shocks.
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Business tool reduces risk of implementing AI tech
Artificial intelligence (AI) is increasingly being embraced by Australian businesses to enhance their business operations. While the economic and societal risks of AI have received considerable attention, there is less appreciation for the potential Work Health and Safety (WHS) risks posed by AI use in the workplace. As part of a collaborative research project SACES has investigated the potential WHS risks of AI and helped develop a risk management tool to help companies manage potential workplace health and safety risks related to the introduction of AI technology.
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Policy support offers opportunities for SA post pandemic
Policy support from the South Australian and Federal governments for employment and training initiatives could play a crucial role in boosting the State鈥檚 population and recovery from the impact of the COVID-19 pandemic, according to the 成人大片鈥檚 SA Centre for Economic Studies. These conclusions are drawn from three policy papers which consider the demographic and labour market impacts of COVID-19 on South Australia.
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Vale Professor Cliff Walsh
The staff of the South Australian Centre for Economic Studies (SACES) would like to acknowledge the passing of Emeritus Professor Cliff Walsh on the evening of the 7th of July in Melbourne. 聽
Slow vaccine roll-out could deepen economic scars
In their latest Economic Briefing Report, economists from the SA Centre for Economic Studies (SACES) conclude that while South Australia鈥檚 economy is recovering strongly, the slow vaccine roll-out is a significant threat to the nation鈥檚 ongoing ability to weather the long-term effects of the pandemic. They also warn that Australia needs to聽raise the standards of governance at all levels in order to deal with increasing economic, political, and environmental threats.
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Not wiped out. Even after the collapse of Greensill, there's time to save Whyalla
Maintaining existing steel operations will not be sufficient to ensure the economic prosperity of Whyalla going forward. In this opinion piece, Michael O'Neil argues that a strategic approach to diversifying the local economy, driven by local action, is required to alter Whyalla鈥檚 economic destiny.
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Artificial intelligence revolution offers benefits and challenges
Artificial intelligence (AI) is the subject of much, and sometimes fantastical, speculation. However, the development of powerful mathematical models and increasing computer power have combined to make AI economically useful for a wide range of tasks, and companies report that the adoption of AI has delivered improvements in sales and efficiency. In an Issues Paper just released by SACES, the Australian Institute of Machine Learning argues that AI has reached a global tipping point and that Australia needs to invest in research and development in order to take advantage of this next wave of automation. Australia urgently needs a formal, national strategy for AI to ensure that we are net beneficiaries and not simply powerless recipients of this new and potentially disruptive technology.
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Greater COVID-19 consultation needed to avoid economic losses
The SA Centre for Economic Studies (SACES) is urging the State Government to consider a more consultative approach with industry in its response to the COVID-19 pandemic to avoid disruption and losses to the hotel sector. This recommendation is informed by a survey of the hotel industry in South Australia to gauge the impact of the sudden lockdown of South Australia due to COVID-19 in November 2020.
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