New Zealand Economic Papers articles from December 1998

New Zealand Economic Papers archives from December 1998

Convergence in an Open-economy Growth Model.
December 1, 1998... What does recent work on neoclassical growth models have to say about the time taken to reap the benefits of economic reform? Recent empirical research has seen the emergence of the stylised fact that economies converge to their steady-state...

Pacific Rim Business Cycle Analysis: Synchronisation and Volatility.
December 1, 1998... This paper examines sychronisation and volatility of the business cycles of Pacific Rim countries which are closely linked by trade. Close synchronisation is evident amongst groups of countries, but it is difficult to establish meaningful cycle...

Macroeconomic variability in New Zealand: An SVAR study.(structural vector autoregressive methodology)
December 1, 1998... Structural vector autoregressive (SVAR) methodology is used to assess possible sources of macroeconomic variability in the New Zealand economy. As a test of robustness, two alternative business cycle filters are used to remove, stochastic...

The Economic Benefits of Schooling in New Zealand: Comment and Update.
December 1, 1998... In this paper, I discuss the interpretation of qualification related income differentials from income functions that control for age rather than the theoretically more appropriate variable years of labour market experience. I reestimate income...

Public Sector Cost Of Capital: A Comparison Of Two Models.(New Zealand)
December 1, 1998... This paper describes and compares two processes for assessing and assigning cost of capital in the public sector: that for Departments under the Capital Charge process and that recommended for SOEs. The processes are similar in the sense of...

The Asian Financial Crisis: How Long Will The Downturn Last?
December 1, 1998... This paper analyses the likely length of the economic downturn currently being experienced in many Asian countries following their financial crises. Past international experience following financial crises is examined, and data is marshalled to...

Taking New Zealand Seriously: the Economics of Decency.(Review)
December 1, 1998... Taking New Zealand Seriously: the Economics of Decency, by Tim Hazledine, Harper-Collins (Auckland) 1998, 237pp. ISBN 1 86950 283 3. Let us start with the title. That we should take New Zealand seriously will surely have broad appeal. It...

The Role Of Government In East Asian Economic Development.(Review)
December 1, 1998... The Role Of Government In East Asian Economic Development, Masahiko Aoki, Hyung-Ki Kim and Masahiro Okuno-Fujiwara (eds) (Clarendon Press, Oxford, 1997), 448pp. ISBN 0 19 8294913. The Role of Government in East Asian Economic Development:...

The Structure and Dynamics of New Zealand Industries.(Review)
December 1, 1998... The Structure and Dynamics of New Zealand Industries, edited by Michael Pickford and Alan Bollard (The Dunmore Press), 1998, 384pp. ISBN 0 86469 320 6. This book is a set of ten economic case studies of New Zealand industries. Five of...