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Regulatory Harmonisation - Issues for New Zealand (WP 01/01)
WP 01/01. Author: Kevin Guerin. This paper discusses aspects of harmonisation of regulatory structures (occupational, product approval etc) between jurisdictions.
New Zealand's Current Account Deficit: Analysis Based on the Intertemporal Optimisation Approach (WP 01/02)
WP 01/02. Authors: Viv Hall, Kunhong Kim and Bob (Robert) A Buckle. New Zealand's Current Account of the Balance of Payments has been persistently in deficit since the early 1970s and increased markedly during the late 1990s. Is this a cause for significant concern?
Human Capital Policies and The Distribution of Income: A Framework for Analysis and Literature Review (WP 01/03)
WP 01/03. Author: Daron Acemoglu. This report surveys the literature on the determinants of wage and income inequality and presents a framework for analyzing policy.
Internal Mobility in New Zealand (WP 01/04)
WP 01/04. Authors: William Power, Suzi Kerr and Jason Timmins. This paper investigates the effect that the characteristics of a community have on the likelihood of people leaving and/or travelling to the community.
Outcomes Focussed Management in New Zealand - A Background Paper (WP 01/05)
WP 01/05. Authors: Chris Ussher and Andrew Kibblewhite. Outcomes can be broadly defined as the results of Government interventions. Considerable effort, both in New Zealand and overseas, is focussing on ways in which information on outcomes can be better integrated into public policy decision-making.
Review of Evidence on Broad Outcome of Public Sector Management Regime (WP 01/06)
WP 01/06. Authors: Murray Petrie and David Webber. The paper summarises research material on the outcomes of the public sector management regime, with an emphasis on material produced from 1995 to 1999, covering the core public sector and Crown Entities.
Go West, Young Man, Go West!? (WP 01/07)
WP 01/07. Authors: Wai Kin Choy and Peter Bushnell. Will economic integration lead to skilled citizens being drawn to the larger, richer economic partner? In 1983, Australia and New Zealand signed the Closer Economic Relations Agreement to ensure free trade in goods and services. Was this a modern equivalent of Horace Greeley's famous advice "Go West, young man, go West"?
Regional Labour market Adjustment and the Movements of People: A Review (WP 01/08)
WP 01/08. Authors: Wai Kin Choy and David (Dave) C Maré. This review paper examines the link between internal migration and regional labour market adjustment.
Deprivation in New Zealand: Regional Patterns and Changes (WP 01/09)
WP 01/09. Authors: Peter Mawson, Jason Timmins and David (Dave) C Maré. This paper presents an analysis of the distribution of socio-economic deprivation throughout New Zealand.
Automatic Fiscal Stabilisers: Implications for New Zealand (WP 01/10)
WP 01/10. Authors: Julie Tam and Heather Kirkham. Automatic fiscal stabilisers, or the cyclical components of the budget balance, are larger in New Zealand than in the average OECD country, reflecting both higher sensitivity to the economic cycle, and a more volatile cycle.
A Structural VAR Approach to Estimating Budget Balance Targets (WP 01/11)
WP 01/11. Authors: Kunhong Kim, Julie Tam and Bob (Robert) A Buckle. In this paper a structural VAR model is estimated to evaluate the impact on the government's cash operating surplus (or budget balance) of four independent disturbances: supply, fiscal, real private demand, and nominal disturbances
Crown Financial Asset Management: Objectives and Practice (WP 01/12)
WP 01/12. Author: Arthur Grimes. This paper analyses key issues that may be relevant to setting the Crown's overall objectives and practices for financial asset and liability management.
Knowledge, Capabilities and Human Capital Formation in Economic Growth (WP 01/13)
WP 01/13. Authors: Paul A David and John K Gibson. This monograph has been prepared as a Research Report to the New Zealand (NZ) Treasury.
The Effects of Class Size on the Long-Run Growth in Reading Abilities and Early Adult Outcomes in the Christchurch Health and Development Study (WP 01/14)
WP 01/14. Authors: Tim Maloney and Michael A Boozer. The conflicting evidence over class size effects drawn from observational (or correlational) studies on academic achievement or labor market outcomes has provoked great debate in both academic and public policy arenas.
Towards an Inclusive Economy (WP 01/15)
WP 01/15. Author: The Treasury. There has recently been a rapid growth in international literature and research on the links between economic growth and social capability and their impact upon well-being. This paper draws on that literature to build upon previous Treasury work at the intersection of economic and social policy.
Human Capital and the Inclusive Economy (WP 01/16)
WP 01/16. Author: The Treasury. This paper draws on recent empirical evidence to look at how human capital policies in New Zealand can achieve "Inclusive Economy" objectives.
Geography and the Inclusive Economy: A Regional Perspective (WP 01/17)
WP 01/17. Author: The Treasury. The paper expands on the regional geographic dimensions of the inclusive economy outlined in Treasury Working Paper 01/15 'Towards an Inclusive Economy'.
Regulatory Issues in Biosecurity (WP 01/23)
WP 01/23. Author: Chris Pinfield. This paper reviews the Biosecurity Act 1993, paying particular attention to its requirements for risk analysis and decision-making.
Household Saving Behaviour in New Zealand: A Cohort Analysis (WP 01/18)
WP 01/18. Authors: John K Gibson and Grant M Scobie. This paper seeks to improve our understanding of household saving behaviour. It is based on an analysis of unit record data from March years 1984 to 1998 taken from the Household Economic Survey (HES).
Household net wealth: an international comparison (WP 01/19)
WP 01/19. Authors: Iris Claus and Grant M Scobie. Household saving can be measured as either the difference between the flows of current income and expenditure, or through households' balance sheets as changes in the stocks of accumulated net wealth. This paper examines household saving in New Zealand and other OECD countries, with particular focus on the stock of net wealth.
Financing New Zealand Superannuation (WP 01/20)
WP 01/20. Authors: Brian McCulloch and Jane Frances. The New Zealand Superannuation Fund is being established as a means of smoothing out the impact on the rest of the Crown's finances of the transition that will take place over the next fifty years to a permanently higher proportion of the population being eligible for New Zealand Superannuation, the universal pension paid to New Zealanders over the age of 65.
Understanding Changes in the Distribution of Household Incomes in New Zealand between 1983-86 and 1995-98 (WP 01/21)
WP 01/21. Authors: Dean Hyslop and David (Dave) C Maré. This paper presents an analysis of changes in the distribution of gross household income and income inequality over the period 1983 - 1998.
Brain Drain or Brain Exchange? (WP 01/22)
WP 01/22. Authors: Wai Kin Choy and Hayden Glass. This paper explores the "brain drain" hypothesis - the idea that New Zealand is losing many of its most talented citizens to other countries. We conclude that we are experiencing more of a brain exchange than a brain drain.
Budget Management That Counts: Recent Approaches to Budget and Fiscal Management in New Zealand (WP 01/24)
WP 01/24. Authors: Steve Leith and Angela Barnes. Budget management in New Zealand altered substantially with the implementation of the Public Finance Act 1989 and the Fiscal Responsibility Act 1994. The paper sets out the evolution of fiscal and budget management over the last ten years, in response to the fiscal policy and financial management framework.
New Zealand’s Fiscal Policy Framework: Experience and Evolution (WP 01/25)
WP 01/25. Author: John Janssen. The paper sets out the background to the fiscal policy framework, including fiscal history and various institutional changes in the public sector. This paper is a companion paper to Treasury Working Paper 01/24 by Angela Barnes and Steve Leith.
Three Steps Towards More Effective Development Assistance (WP 01/26)
WP 01/26. Authors: Simon Hay and Jim Rose. There are three steps New Zealand can take to make its bilateral development assistance more effective in reducing poverty. These steps are 'easy' because they are unilateral: they improve the effectiveness of development assistance without requiring changes in the politics or policies of developing countries.
Sustainable Development: Environment and Economic Framework Integration (WP 01/27)
WP 01/27. Author: Richard Ellis. Sustainable development is a multifaceted concept that has drawn on a number of disciplines including economics, ecology, ethics, sociology and political science. Sustainable development links the welfare of generations with the capacity of the biosphere to sustain life and has a policy focus.
Greening the WTO's Disputes Settlement Understanding: Opportunities and Risks (WP 01/28)
WP 01/28. Author: Jim Rose. It is reasonable to ask whether the WTO's rules may hamper the ability of national and sub-national governments to be genuine pacesetters in environmental law making.
Poverty, Income Inequality and Health (WP 01/29)
WP 01/29. Authors: Ken Judge and Iain Paterson. The purpose of this report is to consider the legitimacy of the assumption that communities or societies with more unequal income distributions have poorer health outcomes.
Reducing Maori and Pacific Inequalities (WP 01/30)
WP 01/30. Author: The Treasury. Over the last fifty years the Māori and non-Māori populations have slowly and unevenly become more similar on a range of key demographic, social and economic outcomes.
An Econometric Analysis of a Production Function for New Zealand (WP 01/31)
WP 01/31. Author: Kam Leong Szeto. Using the capital stock series recently released by Statistics New Zealand, two approaches have been employed to estimate a production function.
Saving and Growth in an Open Economy (WP 01/32)
WP 01/32. Authors: Jonas Tornquist, Iris Claus, Grant M Scobie and David Haugh. Concern has been raised by an apparent lack of saving in New Zealand. It is often argued that policies which foster savings are important, as higher savings will contribute to higher economic growth.
Calm After the Storm? Supply-side Contributions to New Zealand's GDP Volatility Decline (WP 01/33)
WP 01/33. Authors: Peter Thomson, David Haugh and Bob (Robert) A Buckle. The variance of New Zealand's real GDP has declined since the mid-1980s. To investigate why, this paper decomposes the variance of chain-weighted estimates of production-based real GDP growth into sector shares, sector growth rate variances and co-variances.
Does Crown Financial Portfolio Composition Matter? (WP 01/34)
WP 01/34. Author: Nick Davis. This paper considers Crown financial portfolio composition from a welfare perspective. It argues that a broad definition of the Crown's portfolio is required for analysing the welfare implications of portfolio composition.