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A new tool for creating personal and social EQ-5D-5L value sets, including valuing ‘dead’
A new online tool for creating personal and social EQ-5D-5L value sets was recently developed and trialled in New Zealand (NZ). Health state values for each participant are determined using the PAPRIKA method – in the ... -
Taxing capital income in New Zealand: an international perspective
In the 1980s and 1990s New Zealand undertook a large number of tax reforms designed to improve the performance of the economy. Top marginal income-tax rates were reduced, a value-added tax (GST) was introduced, a system ... -
The knowledge-capital model: The case of intra-Asian foreign direct investment
Employing a panel dataset of bilateral inward and outward foreign direct investment (FDI) for 31 Asian countries and territories over the period 2001-2012, we estimate the knowledge-capital (KK) model to find the dominant ... -
Vietnam: The Next Asian Tiger?
We investigate the growth experience of Vietnam, the country which has been getting recent attention as being the next emerging giant. First, we present an aggregate level investigation of Vietnam's economic growth ... -
Number of bidders and the winner’s curse
Within an affiliated value auction setting, we study the relationship between the number of bidders and the winner’s curse in terms of its occurrence and its expected harm. From a design perspective, we find that both ... -
Simple guilt and cooperation
We introduce simple guilt into a generic prisoner’s dilemma (PD) game and solve for the equilibria of the resulting psychological game. It is shown that for all guilt parameters, it is a pure strategy equilibrium that both ... -
Simulation Evidence on Herfindahl-Hirschman Indices as Measures of Competitive Balance
Measurement of the degree of competitive balance, how evenly teams are matched, is central to the economic analysis of professional sports leagues. A common problem with competitive balance measures, however, is their ... -
Geographic variation in intra-city house price appreciation over the boom-bust cycle: evidence from Auckland, NZ
This study contributes to the empirical literature on intra-urban house-price dynamics. A demand shock affects metropolitan-area house prices, but the effect of the shock varies across neighborhoods. For example, in a ... -
Heterogeneity in household preferences for energy-efficient heating systems
This paper reports analysis of the results of two stated-choice surveys to elicit the preferences of New Zealand homeowners for attributes of improvements in space and water heating systems. We implement the survey using ... -
Revisiting The Decline In India’s Female Labour Force Participation: The Rise Of Machines And Security Risks
This article posits that the mechanisation of agriculture and security risks have significant negative effects on India’s female labour force participation rate. Despite remarkable economic progress in India, aggregate ... -
Alcohol Expenditure, Generosity and Empathy
Existing studies suggest that alcohol dependency (or recovery from alcohol dependency) is associated with lower levels of empathy and generosity. We present results from a charitable donation experiment which shows that ... -
The impact of oil-market shocks on stock returns in major oil-exporting countries: A Markov-switching approach
The impact that oil shocks have on stock prices in oil exporting countries has implications for both domestic and international investors. We derive the shocks driving oil prices from a fully-identified structural model ... -
Housing, the ‘Great Income Tax Experiment’, and the intergenerational consequences of the lease
This paper provides an analysis of how the New Zealand tax system may be affecting residential property markets. Like most OECD countries, New Zealand does not tax the imputed rent or capital gains from owner-occupied ... -
Gone with the Wind: International Migration
This paper adds to the literature on the determinants of international migration. First, we offer a joint analysis of the driving forces of migration capturing year-to-year variations and long-run effects. Second, we ... -
Access to Financing and Firm Growth: Evidence from Ethiopia
Using Ethiopian firm-level data, we model the effect of different types of financing on firm growth. The form of financing is potentially endogenous to firm growth, and one contribution of this paper is to introduce a new ... -
The impact of climate change on crop production in Ghana: A Structural Ricardian analysis
We apply a Structural Ricardian Model (SRM) to farm-level data from Ghana in order to estimate the impact of climate change on crop production. The SRM explicitly incorporates changes in farmers’ crop selection in response ... -
Health Shocks and Child Time Allocation Decisions by Households: Evidence from Ethiopia
Little is currently known about the effects of shocks to parental health on the allocation of children’s time between alternative activities. Using longitudinal data from the Ethiopian Young Lives surveys of 2006 and 2009, ... -
The true significance of ‘high’ correlations between EQ-5D value sets
High correlation coefficients for EQ-5D value sets derived from different samples, e.g. across countries, are conventionally interpreted as evidence that the people in the respective samples have similar health-related ...