New Zealand Economic Papers articles from June 1999

New Zealand Economic Papers archives from June 1999

Oligopoly Behaviour in the Trans-Tasman Air Travel Market: The Case of Kiwi International.(Statistical Data Included)
June 1, 1999... 1. Introduction The Trans-Tasman air route carries more than a million return passengers between Australia and New Zealand every year. For decades, it has been dominated by the duopoly of national carriers, Air New Zealand and Qantas, but...

Price Stability: Some Costs and Benefits in New Zealand.(Statistical Data Included)
June 1, 1999... 1. Introduction(1) For inflation-targeting central banks, the level of the target is a crucial part of the overall framework. The search for the optimal level has taken two main directions. One is concerned with estimating the measurement...

Correlation versus Causation and the Apparent External Benefits of Education.(Statistical Data Included)
June 1, 1999... 1. Introduction One of the first lessons taught in most econometrics and statistics classes is that correlation does not imply causation. As Kendall and Stuart (1961, p. 279) explain: "[a] statistical relationship, however strong and...

Trade and Factor-Market Effects of New Zealand's Reforms.(Statistical Data Included)
June 1, 1999... 1. Introduction Variants of the `trade and wages' debate have existed in New Zealand for over 150 years in two distinct phases. Up until the 1960's, the dominant issue was whether import substitution would benefit unskilled labour and/or...

Testing the Expectations Theory of the Term Structure for New Zealand.(Statistical Data Included)
June 1, 1999... 1. Introduction The rational expectations hypothesis of the term structure is one of the fundamental building blocks of financial and macroeconomic theory. It has important implications for predicting future movements in interest rates,...

The Diffusion of Energy Efficiency Innovations Among Residential Energy Consumers.(Statistical Data Included)
June 1, 1999... 1. Introduction Since 1987 the on-going energy sector reforms have lead to the corporatisation, deregulation and, in some cases, privatisation of energy supply. These reforms have curtailed the large, tax payer funded, supply-side...

Comparative Static Analysis of Proportionate Abatement Obligations (PAO's) -- a Market-based Instrument for Responding to Global Warming.(Statistical Data Included)
June 1, 1999... 1. Introduction Scenario studies reviewed recently by the IPCC (Bruce et al, eds. (1995), Chapters 7-10) show that the most promising response to the greenhouse gas problem is a transformation of the technology for providing final energy...

The Employment Contracts Act: The Judicial Influence 1991-1997.(Review)
June 1, 1999... Tom or Jerry? The Employment Contracts Act: The Judicial Influence 1991-1997 by Jack Hodder and Jane Forster (Wellington: Institute of Policy Studies), 1998. 89 pp text; 2 appendices listing cases. ISBN 0 90893523 Several years back,...

Today's Schools -- Governance and Quality.(Review)
June 1, 1999... Today's Schools -- Governance and Quality, by Simon Smelt (Wellington: Institute of Policy Studies), 1998. ISBN 0 908935277 The purported intent of this booklet is to "study the structure and effect of relations within the schooling system...

Trade Policy and Economic Welfare.(Review)
June 1, 1999... Trade Policy and Economic Welfare, by W.M. Corden, (Oxford University Press), 1997. ISBN 0 198292236 The first edition of this book (Corden, 1974) was somewhat of a classic, so a second edition is welcome and well overdue. The book...

A Concise Economic History of the World From Palaeolithic Times to the Present.(Review)
June 1, 1999... A Concise Economic History of the World From Palaeolithic Times to the Present, by R Cameron, (New York: Oxford University Press), 1997, i-xxi + 454pp., ISBN 0 195107810 To consider the economic history of any period in and beyond the...