Monthly Archives: February 2004

The Development Of the New Zealand Economy (short Version)

This entry was posted in Growth & Innovation on by .

Paper for the Ministry of Economic Development Seminar Series: 25 February, 2004.

Keywords: Growth & Innovation

Notes: This is a the short version (about a third of the original’s length) of The Development of the New Zealand Economy.

1. The Political Economy of New Zealand’s Economic Development
2. Changing Sectors
3. The Course of GDP
4. The Long Run: 1861-2003
5. The Post-war Era
6. The 1966 External Shock and After
7. Explanations for the Slow New Zealand per capita GDP Growth
8. Non-Explanations for the Slow New Zealand per capita GDP Growth
9. Some Errors of Method
10. What Happened After 1984? Why the Great Post-War Stagnation?
11. The Importance of Thinking Sectorally
12. The Next Political Economy?
13. Conclusion

The Development Of the New Zealand Economy (i)

This entry was posted in Growth & Innovation on by .

Paper for the Ministry of Economic Development Seminar Series: 25 February, 2004.

Keywords: Growth & Innovation

Notes: This is a long paper, and is in two parts. There is a short version (of about a third the length). Despite its length, many of the arguments have had to be abbreviated. Some guidance is given in the text of web references where there is greater detail. More material will be found in the Index of New Zealand’s Economic Performance. The foundation source is the book “In Stormy Seas”

Go to Part II

1. The Political Economy of New Zealand’s Economic Development
2. Changing Sectors
3. The Course of GDP
4. The Long Run: 1861-2003
5. The Post-war Era
6. The 1966 External Shock and After
7. Explanations for the Slow New Zealand per capita GDP Growth
8. Non-Explanations for the Slow New Zealand per capita GDP Growth
9. Some Errors of Method
10. What Happened After 1984? Why the Great Post-War Stagnation?
11. The Importance of Thinking Sectorally
12. The Next Political Economy?
13. Conclusion

Appendix: Rankings and Relativities
Appendix II: Recent Developments in the Terms of Trade

The Development Of the New Zealand Economy (ii)

This entry was posted in Growth & Innovation on by .

Paper for the Ministry of Economic Development Seminar Series: 25 February, 2004.

Keywords: Growth & Innovation

This is a long paper, and is in two parts. This is the second part. Go to Part I. There is also a short version (of about a third the length).

Despite its length of the long paper, many of the arguments have had to be abbreviated. Some guidance is given in the text of web references where there is greater detail. More material will be found in the Index of New Zealand’s Economic Performance. The foundation source is the book “In Stormy Seas”

Part II consists of

10.What Happened After 1984? Why the Great Post-War Stagnation?
11.The Importance of Thinking Sectorally
12.The Next Political Economy?
13.Conclusion

Appendix II Recent Developments in the Terms of Trade

Recovery and Deficit: Where Is the Us Economy Going?

This entry was posted in Listener, Macroeconomics & Money on by .

Listener: 21 February, 2004.

Keywords: Macroeconomics & Money;

Many New Zealanders assumed that when our economy stagnated in the late 1980s and early 1990s, the rest of the world stagnated, too. In fact, it boomed, and New Zealand’s per capita GDP fell from the OECD average to 15 percent below. Similarly, there has been a tendency to assume that there was no world recession in the first few years of the millennium, because New Zealand was hardly affected by it.

The Econometrics Of Household Equivalence Scales

This entry was posted in Distributional Economics, Statistics on by .

Paper to the Wellington Statistics Group (WSG), 11 February, 2004.

Keywords: Distributional Economics; Statistics;

Contents
1. Claudio Michelini
2. Household Equivalence Scales
3. Characterising Equivalence Scales
4. Available Scales
5. Which Scale Should We Use?
6. Which Scale Do We Use?
7. A Simple Econometric Procedure
8. The Michelini Scale
9. Conclusion

Public Policy and the Maori

This entry was posted in Maori, Social Policy on by .

The following is a transcript of an interview by Carol Archie for Mana News broadcast on “Radio New Zealand”, 6.25am Tuesday 10 February 2004. It has been lightly edited.(“Hansard” rules – for presentation, syntax, and sense – but not for content).

Keywords: Maori; Social Policy;

Presenter (Dale Husband): This morning our focus is economics and how the National Party’s new policy around Maori services stacks up in the world of finance. One economist, Brian Easton, disagrees with Don Brash’s contention that resources should be based purely on need and never targeted specifically for Maori as a race. Brian Easton told Carol Archie that targeting particular groups often makes good economic sense.

Closing the Credibility Gap

This entry was posted in Maori, Statistics on by .

Why Act’s race-based welfare statistics are worthless

Listener: 7 February, 2004.

Keywords: Maori; Statistics;

Early in January the Act Party released a paper that calculated the tax collected from Maori was $2.3 billion a year, while government spending on Maori was $7.3 billion a year. Whatever the factual situation –– below I suggest that the figures are misleading –– different political flavours will draw different conclusions.