Discussion Paper
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Education spending and Wagner’s law: New international evidence
This paper examines the association between economic development and two measures of public spending on education, namely the ‘national effort’ (total spending as a percentage of GDP) and ‘budget share’ (total spending as ... -
Climate, Diseases, and the Origins of Corruption
It has been commonly observed that tropical countries typically suffer from intense corruption and underdevelopment. I offer an explanation for this long-standing disparity across the world based on variation in the intensity ... -
Does Pollution Affect Crime? Evidence from U.S. Cities
In this paper we study the relationship between air pollution and crime. We construct a city-level, hourly data set with 2.4 million crimes and link each crime to data on pollution and controls, e.g. weather variables. ... -
Does institutional quality foster economic complexity?
This paper examines the extent to which the quality of institutions, measured by the Economic Freedom of the World index, helps shape cross-country differences in economic complexity. To this end, I employ the intensity ... -
How Close to Home Does Charity Begin?
This paper uses a field experiment to analyse the extent to which people are more inclined to support a charity focused on people or causes in their own region, compared to regions in other parts of the country. New Zealand ... -
Migration Fears, Policy Uncertainty and Economic Activity
Motivated by the recent European migrant crisis, Brexit, and President Trump's immigration priorities, we provide new evidence into how migration fears and migration policy uncertainty affect macroeconomic outcomes across ... -
What Has New Zealand Gained From The FTA With China?: Two Counterfactual Analyses
New Zealand (NZ) was the rst developed country to have signed a free trade agreement (FTA) with China. We investigate the e ects of the 2008 NZ-China FTA on (i) exports from NZ to China, and (ii) real GDP per capita in ... -
In Search of Effective Altruists
The effective altruism movement argues that people wanting to do the most good they can should donate to charities fighting poverty in poor countries overseas, rather than to charities helping people in need in wealthy ... -
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 ...