Roy Green

“Industrial policy is a necessity, not an obstacle, for Australia's purposeful engagement abroad and an economic tool to lift #productivity and constraints on growth here” Great speech by Industry & #Innovation Minister Tim Ayres 👏 url.au.m.mimecastprotect.com/s/dW4gCBNqn7tV… @AlboMP @ayrestim

“This is not a story about one industry being disrupted. It is a story about the capital stock of the knowledge economy being repriced in real time” Our take on AI transformation @FinancialReview afr.com/policy/economy…

“The SERD panel has made a welcome contribution to a complex and undervalued policy domain. The government’s task now is to process and integrate this contribution with its wider, transformative vision of a Future Made in Australia” @Innov_Aus innovationaus.com/research-and-i…

Research and innovation has reached a tipping point | Roy Green #Research #Development #AusTech buff.ly/7PAwxAG

Dani Rodrik explains why – and how – policymakers should seek to reconcile competing perspectives on what an economy is for. project-syndicate.org/commentary/rec…

Since my op-ed in the @FT was published on Monday (ft.com/content/4b51d0…), there’s been a growing debate about whether we’re beginning to see evidence that AI is boosting productivity. First, let me be clear that the aggregate productivity data by itself is far from definitive. Even with the new revisions, there is certainly a lot of noise in US productivity numbers. No doubt lots of other factors are at work. That said, my growing confidence that AI is powering higher productivity draws on evidence from a variety of sources: 1. The stunning capabilities of AI. If anything, I think the past decade of impressive improvements in machine learning and generative AI are still underrated. We are in the early stages of a massive economic transformation: digitaleconomy.stanford.edu/research-area/… 2. A growing number of micro studies document double-digit productivity gains in specific applications. @alexolegimas has a great catalog in his blog post: aleximas.substack.com/p/what-is-the-… 3. My discussions with power users who use AI for coding, customer service, research and other applications, as well as more and more business executives, convince me that the facts on the ground are (finally) changing. 4. Data from our Canaries in the Coal Mine paper show employment changes in occupations most affected by AI: digitaleconomy.stanford.edu/publication/ca… 5. And now, inklings in the aggregate productivity data are also telling the same story. These are all consistent with the hypothesis that AI is beginning to have a positive impact on productivity. The FT put a more definitive headline on my recent piece than I would have liked, but my bet (longbets.org/868/) is that we're likely to see more and more evidence as time goes on, barring some other shocks (e.g. macro mismanagement, trade wars, etc). As each quarter goes by and we see more data, I continue to update my views. No doubt, I'm currently out of sync with a lot of mainstream economists on this topic, but that’s ok by me.

“Australia’s narrow trade & industrial structure means that focusing on the jobs & technologies of the future should be an overriding priority for policy-makers” My take on economic #complexity ranking @Innov_Aus innovationaus.com/australia-lang… @ayrestim

“In the post-war period… the US might've got away with dominating not only its hemisphere, but the entire world economy. But those days are gone. We're in a multipolar world now, and we're beginning to see the formation of trade blocs” My take @abcnews abc.net.au/news/2026-01-3…

News briefs from ARM Hub & Industry - mailchi.mp/armhub/news-at…

“How much will AI change the world between 2015 and 2045? A lesson from economic history is that general purpose technologies like the internet take multiple decades to have their full impact” @ChadJonesEcon web.stanford.edu/~chadj/AIandEc… #AI

“Essentially, the attachment of policymakers to a doctrine of comparative advantage has allowed the resources sector to crowd out the prospect of achieving competitive advantage in higher value, knowledge-based goods and services” @johnmenadue johnmenadue.com/post/2026/01/w… #FMA

Australia’s economy is too reliant on unprocessed resources. It’s time for mission-led industry policy to build competitive advantage and lift ... #auspol #Economy #Productivity #IndustryPolicy #FutureMadeInAustralia #PearlsAndIrritations johnmenadue.com/post/2026/01/w…

The AI race should be viewed more as a marathon, not a sprint to the most powerful models. And on that basis, I think China will win, writes the FT's economics leader writer Tej Parikh. ft.trib.al/lMtwC0X

China now generates 40% more electricity than the US and EU combined.

“The urgent task and opportunity for Australia is to move beyond a preoccupation with comparative advantage and, like other advanced economies, to evolve a mission-led industrial strategy” @Innov_Aus innovationaus.com/what-does-it-m… @AlboMP @ayrestim

Europe should embrace the idea of going it alone ft.trib.al/ggWVSGO | opinion

Paul Krugman on the narrative of Europe's economic decline relative to the United States

Challenging comfortable assumptions about modern economies, Roy Green also recommends a compelling work on manufacturing and value creation. His pick is Your Life is Manufactured: How We Make Things, Why It Matters and How We Can Do It Better. #IASummerReads

As the Summer Reading List 2025 continues, we’re featuring a bold and forward-looking recommendation from Professor Roy Green, Special Innovation Advisor at the University of Technology Sydney. Roy highlights Handbook of Innovation Ecosystems. #IASummerReads

Looking ahead to the summer break, Roy Green is preparing to immerse himself in a sweeping history of capitalism. On his list is Capitalism: A Global History, a monumental work tracing the origins and global spread of capitalist systems. #IASummerReads