2024 Research Performance
View
In 2024 Monash University researchers produced 78 publications related to SDG 1, with a mean Field-Weighted Citation Impact (FWCI) of 1.07.
What is Field-Weighted Citation Impact?
Field-Weighted Citation Impact (FWCI) refers to the ratio of the actual number of citations received by a research output and the total citations expected based on the average of the subject field. An FWCI value of 1 may be interpreted as having ‘world average impact’. Thus, a publication with an FWCI of more than 1 indicates higher than expected citations based on the global average for similar publications. As FWCI reflects citations received to date, a publication’s FWCI value may fluctuate over time.
From crunch to crisis: How Australians are changing their spending habits
View
Monash University's Australian Consumer and Retail Studies (ACRS) conducted research revealing that Australians are increasingly spending more on necessities like housing, insurance, and groceries due to cost-of-living pressures. The study highlights a significant shift in consumer behaviour, with many Australians perceiving these essential items as unfairly priced and reporting increased spending across these categories compared to the previous year. The research also indicates a trend towards more price-driven purchasing decisions, with consumers opting for lower-priced brands and pre-owned products. Despite these challenges, a majority of Australians are still managing to save a portion of their income, although a notable percentage are unable to save at all. This research is crucial in understanding the financial challenges faced by Australians and the impact on their spending habits, contributing to the broader goal of reducing poverty.
Can blockchain-based microcredit transform financial inclusion?
View
The study funded by the Ethereum Foundation explores the potential of blockchain-based microcredit systems to enhance financial inclusion in Kenya, particularly for microentrepreneurs. This initiative aligns with SDG 1 by aiming to alleviate poverty through improved access to financial services. It also supports SDG 8 by promoting economic growth and entrepreneurship. The research identifies financial literacy as a barrier and suggests educational strategies to overcome it, aligning with SDG 4. The study highlights the potential of blockchain to address limitations of existing systems like M-Pesa, contributing to SDG 9 and SDG 10 by fostering innovation and reducing inequalities. Monash Business School and the Monash Blockchain Technology Centre are involved in this research, emphasizing the university's role in advancing financial inclusion through innovative technologies.
