Category Archives: Growth & Innovation

Wine and Cheese

This was a think-piece which underpins the Listener column of December 11, 2010.. Keywords: Growth & Innovation; Political Economy & History; This note is a chain of reasoning, rather than an essay or chapter with a conclusion. Although it may shed light on some contemporary issues discussed in the final paragraphs, the paper arose out…
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Finest Cheddar, Made Better

Cheese as a metaphor for the New Zealand economy. Listener: 11 December, 2010. Keywords: Growth & Innovation; Political Economy & History; Our first cheese was probably made shortly after Samuel Marsden brought cows to New Zealand. For most of the 19th century, cheese was made on farms for local supply. Before export refrigeration, which began…
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Christchurch As a Global City

For the 131st AGM of the New Zealand Manufacturers and Exporters Association, 13 September, 2001 in Christchurch. (Revised) Keywords: Business & Finance; Globalisation and Trade; Growth & Innovation; This presentation takes place barely a week after the Great Canterbury Earthquake. It is a tribute to the fortitude of those who are here and their ancestors…
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Boom Time Rats

Our glut of overseas borrowing is like a disease eating away at the economy. Listener: 24 October, 2009. Keywords: Growth & Innovation;  Macroeconomics & Money; If a large highly productive foreign-exchange-earning sector emerged, it would squeeze the existing tradeable sector: exporters, and industries that compete with imports. Not only would it earn foreign exchange more…
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New Zealand Catching Up with Australia

Notes for Seminar 22 September, 2009.   Keywords: Globalisation & Trade; Growth & Innovation;   While there is much talk about New Zealand catching up with Australia in per capita GDP terms there is not a lot of careful economic analysis. The accompanying graph shows the record over the last forty odd years. In 1967…
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Economic Growth Research in New Zealand: the Fathers That Begat Us

Paper to the 50th Anniversary Conference of the New Zealand Association of Economists: 1 July, 2009: Wellington.  Keywords: Growth & Innovation; History of Ideas, Methodology & Philosophy; Statistics;   This paper looks only at the first 25 years of the New Zealand research program on economic growth. It focuses on the empirical analysis but refers…
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My Chemical Romance

If it weren’t for good old chemistry, where would New Zealand be? Listener: 24 January, 2009 A background to this column is ‘My (Almost) Chemical Career’ at http://www.eastonbh.ac.nz/?p=1541 Keywords: Education; Growth & Innovation; I almost became a chemist. In the upper forms at Christchurch Boys’ High School I had an inspiring chemistry teacher, Alan Wooff….
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The Future Of Auckland.

Presentation to Auckland Regional Council: 29 October. 2008. Keywords: Globalisation & Trade; Governance; Growth & Innovation; Aucklanders sometimes talk about wanting to have a ‘world class city’. Since any city can be world class in its class, that is not a very ambitious goal. The issue is in which class does Auckland want to be?…
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Medium Term Economic Issues: a Loose List.

Keywords: Globalisation & Trade;  Growth & Innovation;   1. Macroeconomic Issues             1.1 The International Financial Crisis is leading to a world economic recession. Nobody knows how deep or long it will be. It is bound to impact on New Zealand and will take up a lot policy time in the near future.             1.2…
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Growth V Distribution

What the electoral economic debate is really about.   Listener: 9 August 2008.   Keywords: Distributional Economics; Growth & Innovation;   Although the rhetoric of economic debate is about accelerating economic growth, the reality of politics is mainly about redistributing income.   Merrill Lynch told the Australian insurance industry it would make a $200 million…
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Politics, Policy and Modernisation

Presentation to a Union Gathering: July 2, 2008    Keywords: Globalisation & Trade; Growth & Innovation; Political Economy & History;  Central to policy is that there are always new forces which are requiring to adapt policies to new circumstances – what may be called ‘ongoing modernisation’. There are three major sources of these forces.  …
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Media Messes

Are journalists making the economic situation seem worse?    Listener 31 May, 2008    Keywords: Macroeconomics & Money; Statistics;    What is happening to journalism? You will recall that, last year, journalists campaigned for tax cuts based on a total misunderstanding of the Government accounts. They used the wrong measure of the Budget surplus, which…
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Figure It out

Why we rate poorly in the OECD’s output-per-person stakes. Listener: 17 May, 2008 Keywords: Growth & Innovation; Suppose your car goes slower than anyone else’s. What would you think if your mechanic said, “Get a new driver”, or “It should be painted red”, or “It needs a better carburettor” without first putting his head under…
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What Does ‘hollowing out Of the Economy’ Mean?

This note was prepared for some colleagues.   Keywords: Distributional Economics;  Growth & Innovation;   Th phrase ‘hollowing out’ is often used to cover a multitude of poorly thought through ideas which have lots of rhetoric but perhaps not much intellectual content. Here I am going to try to give the notion some analytical rigour…
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