New Zealand Economic Papers articles from December 2005

New Zealand Economic Papers archives from December 2005

Editor's introduction.(Editorial)
December 1, 2005... This is a somewhat special issue of the journal for several reasons. Firstly, due to the wealth of citations for new Distinguished Fellows. This large number reflects the fact that two of these were inducted in 2004 (Roderick Deane and Peter...

Roderick S Deane: citation for the award of Distinguished Fellow of the New Zealand Association of Economists.
December 1, 2005... Roderick has made a considerable contribution to New Zealand over the past 30 years: as an economist and policymaker; as a corporate leader; and as a citizen supporting the arts and the disadvantaged. [ILLUSTRATION OMITTED] Following...

Peter Charles Bonest Phillips: citation for the award of Distinguished Fellow of the New Zealand Association of Economists.
December 1, 2005... Peter CB Phillips is an outstanding economist and econometrician. [ILLUSTRATION OMITTED] Peter is in many ways a product of the New Zealand education system at its best. He was dux of Mt Albert Grammar School, and went to Auckland...

Adjunct professor Brian Easton: citation for the award of Distinguished Fellow of the New Zealand Association of Economists.
December 1, 2005... This Distinguished Fellowship award is made to the most popular economist to the New Zealand public over the last thirty years. The only recognisable New Zealand economist to most people on the street would be Dr Brian Easton. For his long...

Lewis Evans: citation for the award of Distinguished Fellow of the New Zealand Association of Economists.
December 1, 2005... How did a farm adviser on "technical and financial matters" become one of New Zealand's finest academic economists; an economist who has published in top international journals and who has been involved centrally in domestic public policy...

Gary Hawke: citation for the award of Distinguished Fellow of the New Zealand Association of Economists.
December 1, 2005... Gary Hawke's distinction was apparent as a student in the Economics Department of Victoria University of Wellington in the early 1960s. The judgement of his VUW teachers that he was first class was endorsed when he was awarded a Doctorate in...

John McMillan: citation for the award of Distinguished Fellow of the New Zealand Association of Economists.
December 1, 2005... I'm delighted to read this citation, largely written by John Gibson, for John McMillan, the Jonathan B. Lovelace Professor of International Management and Economics at Stanford University. [ILLUSTRATION OMITTED] John McMillan has made...

Albert Rex Bergstrom 1925-2005.(Biography)(Biography)
December 1, 2005... A.R. Bergstrom, universally known as Rex, was born on 9 July 1925 in Christchurch, where he spent his childhood and attended Christchurch Boys High School. He was the first of four children to mother Lily and father Albert Victor Bergstrom, a...

Efficiency of New Zealand Universities and the impact of the Performance Based Research Fund.
December 1, 2005... 1. Introduction For the first time, New Zealand's universities and other tertiary institutions have been subjected to a formal, uniform measurement exercise aimed at assessing their research performance. And, also for the first time,...

Risk, expected return, and the cost of equity capital.
December 1, 2005... 1. Introduction An important determinant of investment expenditure is the cost of the capital employed in undertaking any investment project. For firms considering a specific project, the cost of capital is the discount rate applied to all...

Agency theory and trust ownership of shares.
December 1, 2005... 1. Introduction Agency explanations are given for a wide range of phenomena that are of interest to economists and accountants. These include explanations relating to organizational design (the "rules of the game" or "organizational...