2013 Conference Papers
NZAE 2013 Conference Programme and Papers
| Abbreviations: (NZEPP): New Zealand Economic Policy Prize Entry (SNZ): Statistics New Zealand Prize Entry (JW-D): Jan Whitwell Prize Entry (Doctoral) (JW-BM): Jan Whitwell Prize Entry (Bachelors or Masters) | |||
| Session Title | Paper Title | Presenter | Co-Authors |
| WEDNESDAY 3 JULY | |||
| Opening by NZAE President AWH Phillips Lecture Maurice Obstfeld, University of California, Berkeley | |||
| 10.30 – 11.00 MORNING TEA | |||
| (1.1) Monetary 1 Wednesday 11.00 – 12.30pm Chair: Saten Kumar | Optimal monetary policy and the exchange rate | James Graham (NZEPP) | Christie Smith |
| International spill-overs of uncertainty shocks: Evidence from a FAVAR | Michael Ryan | Gunes Kamber, Ozer Karagedikli, Tugrul Vehbi | |
| Optimal, Desirable and Threshold Inflation – Growth Nexus: An Empirical Assessment of a Typical Discretionary Monetary Policy Strategy | Zafar Hayat (JW-D) | ||
| (1.2) Growth 1 Wednesday 11.00 – 12.30pm Chair: Dean Ford | Tradable and non-tradable GDP | Simon Crossan | |
| Indian Economy – Structural Change and Long-term Outlook – Implications and Opportunities for New Zealand | Dhritidyuti Bose | ||
| Examining the Usefulness of the Electronic Card Transactions Data as an Indicator for the New Zealand Economy: Some Preliminary Evidence | Corey Allan (JW-BM) | ||
| (1.3) Education Wednesday 11.00 – 12.30pm Chair: Bob Reed | The effect of social networks on economic outcomes: Evidence from Māori ties to their rohe | Isabelle Sin (SNZ) | Steve Stillman |
| Earning, learning, or concerning? | Andrea Fromm | Adam Tipper | |
| Extrinsic versus Intrinsic Motivation: Does major choice make a difference? | Mary Hedges | Gail Pacheco Don Webber | |
| (1.4) Pot Luck 1 Wednesday 11.00 – 12.30pm Chair: Anita King | Do Catches win Matches | Seamus Hogan | Marcus Downs |
| The effects of fiscal policy in New Zealand: Evidence from a VAR model with debt constraints | Tugrul Vehbi | Oscar Parkyn | |
| Forecasting Labour Force Participation Rates by age, gender and highest qualification levels | Julian Williams | Xintao Zhao, Ram SriRamaratnam | |
| (1.5) Agriculture Wednesday 11.00 – 12.30pm Chair: Suzi Kerr | The Application Of Choice Modelling In Evaluating Sustainable Agriculture Policy—A Review | Wei Yang (NZEPP) (JW-D) | |
| Cost Efficiency for Dairy Farming in New Zealand: a stochastic frontier analysis | Nan Jiang | ||
| Drying out: Investigating the economic effects of drought in New Zealand | Gael Price | Gunes Kamber, Chris McDonald | |
| (1.6) Economic Geography Wednesday 11.00 – 12.30pm Chair: Geoff Cooper | Geographic concentration and the tradability of service industries in New Zealand | Guanyu Zheng | |
| Influence of Urban Form on Transit Behaviour in the Auckland Region: A Spatial Durbin Analysis | Mingyue Sheng (SNZ) (NZEPP) (JW-D) | ||
| Ethnic Capital, and the Location Choices of Immigrants in New Zealand | Xingang (Singa) Wang (SNZ) (JW-D) | Sholeh A. Maani | |
| 12.30 – 1.30 LUNCH | |||
| (2.1) Finance 1 Wednesday 1.30 – 3.00pm Chair:Daan Steenkamp | Arbitrage in prediction markets | Tram Cao (JW-D) | |
| The Dynamics of Political Risk Rating and Stock Market Volatility | Muhammad Suleman (JW-D) | ||
| Financial Crisis and the Informational Shifts: New Evidence from Sticky Information Phillips Curve | Saten Kumar | ||
| (2.2) Industrial Organisation Wednesday 1.30 – 3.00pm Chair: Phuong Ho | Estimating Effective Tax Rates and the User Cost of Capital for New Zealand Firms | Norman Gemmell | Richard Fabling, Richard Kneller and Lynda Sanderson |
| Prices, asset values, and regulatory failure in the electricity industry | Geoff Bertram | ||
| The Upward Pricing Pressure Test for Merger Analysis: An Empirical Examination | Lydia Cheung (JW-D) | ||
| (2.3) Labour/Education
Wednesday Chair: Gail Pacheco | Decomposing differences in employment outcomes: How important is the role of school acheivement? | Catherine Ris (SNZ) | Samuel Gorohouna |
| The labour market returns from further education for beneficiaries | Sarah Crichton | ||
| Do investments in vocational education and training contribute to higher productivity performance? Cross-country comparisons within Europe | Geoff Mason | Mary O’Mahony, Rebecca Riley, Ana Rincon-Aznar | |
| (2.4) Development 1
Wednesday Chair: Joey Au | What types of countries do people want aid money to go to? | Nikki Kergozou (JW-BM) | Paul Hansen, Stephen Knowles |
| Replication of: “Economic Development and the Impacts of Natural Disasters” (Economics Letters, 2007) | Bob Reed | Robert Mercer | |
| Risk Sharing through Remittances: Evidence from Developing Countries | Faisal Rana (JW-D) | Dr Faruk Balli | |
| (2.5) Income Distribution Wednesday 1.30 – 3.00pm Chair:Tim Maloney | The Dynamics of Income and Poverty in New Zealand | Kristie Carter | |
| New Zealand Households and the 2008/09 Recession | Michael Ryan (SNZ) | Christopher Ball | |
| The Distribution of Income and the Incidence of Tax and Government Spending across the Lifecycle for Males and Females: Some Evidence from New Zealand | Athene Laws (SNZ) (JW-BM) | Aziz Omar, Norman Gemmell | |
| (2.6) Retirement Wednesday 1.30 – 3.00pm Chair: Andrew Coleman | The Distributional Impact of Population Ageing | Jesse Eedrah | Omar Aziz, Christopher Ball, John Creedy |
| Retirement Income Policy and National Savings | David Law (SNZ) (NZEPP) | ||
| Modelling Retirement Income in New Zealand | Christopher Ball (SNZ) (NZEPP) | ||
| JOHN McMILLIAN MEMORIAL LECTURE: Edward Glaeser, Harvard University and Auckland Business School Sir Douglas Myer Visiting Professor Time: 4.00 – 5.30pm Chair: Dave Mare | |||
| 5.30 – 6.30 AUCKLAND BUSINESS SCHOOL WELCOME RECEPTION, Amora Hotel | |||
| THURSDAY 4 JULY | |||
| KEYNOTE 3: John Riley, University of California, Los Angeles
“50 Years of Mechanism Design” | |||
| 10.00 – 10.30 MORNING TEA | |||
| (3.1) Roundtable Discussion on the Open Banking Resolution Thursday 10.30-12.00pm Chair: Seamus Hogan | Participants: Ian Woolford, RBNZ David Tripe, Massey University Matt Nolan, Infometrics | ||
| (3.2) Living Standards / Environment Thursday 10.30-12.00pm Chair: Rachel Webb | Preferences, trade-offs, and policy making in a complex world: are we in two minds about retirement policy? | Joey Au | Andrew Coleman, Trudy Sullivan |
| The Living Standards Framework and Innovation | Hans Jurgen Engelbrecht | ||
| Scale and Transfers in International Emissions Offset Programs | Suzi Kerr | Arthur van Benthem | |
| (3.3) Unemployment Thursday 10.30-12.00pm Chair: Peter Conway | What Impact Does Temporary Migration Have on the Employment Outcomes of New Zealanders? | Keith McLeod | David Maré |
| Modelling the behaviour of unemployment rates in the US over time and across space | Mark Holmes | Jesús Otero, Theodore Panagiotidis | |
| Collateral Crises and Unemployment | Eric Tong (JW-D) | Prasanna Gai | |
| (3.4) Development 2 Thursday 10.30-12.00pm Chair: Dorian Owen | Exchange Rate Policy Dissension in East Asia. An Impediment in the Way of Regional Economic Cooperation | Maryam Ishaq (JW-D) | Adim Iqbal |
| The role of issue linkage in managing non-cooperating Basins: the case of the Mekong | Kim Hang Pham Do | Ariel Dinar | |
| (3.5) Experimental Thursday 10.30-12.00pm Chair: Stuart Birks | House money effect and negative reciprocity | Katarína Danková (JW-D) | Dr. Maroš Servátka |
| A Neuroeconomic investigation of Anhedonia and Major Depression | Phillip Hall (JW-D) | Luke D Smillie, Rebecca A Segrave, Paul B Fitzgerald | |
| Does self-serving generosity affect the reciprocal response? | Daniel Woods (JW-BM) | Maroš Servátka | |
| (3.6) Pot Luck 2 Thursday 10.30-12.00pm Chair: Christopher Ball | Initial Public Offerings (IPOs) on ChiNext: Good Investment or Not? | Qing Wang (JW-BM) | Jing Chi, Hamish Anderson |
| Auctioning the Digital Dividend: A Model for Spectrum Auctions | Phuong Ho (NZEPP) | Toby Daglish, Yigit Saglam | |
| Market Thickness, Labour Market Flexibility, and Wage Dynamics | Sahin Avcioglu (JW-D) | Bilgehan Karabay | |
| 12.00 -12.45 LUNCH
12.45 – 2.00 NZAE AGM | |||
| (4.1) Monetary 2 Thursday 2.00-3.30pm Chair: Yuong Ha | The Interest Rate Conditioning Assumption: Investigating the E ects of Central Bank Communication in New Zealand | Katy Bergstrom | Ozer Karagedikli |
| The Monetary Transmission Mechanism and Capital Inflows: Empirical Evidence from India | Chee Hong Law | ||
| Yield curve modeling and monetary policy in zero lower bound environments | Leo Krippner | ||
| (4.2) Growth 2 Thursday 2.00-3.30pm Chair: Norman Gemmell | Instrument selection in models of deep determinants of long-run growth and development | Dorian Owen | |
| Rural Land Values and Commodity Prices: Research into Contingent Values and Future Land-use | Sean Hyland | Alex Olssen, Dave Mare | |
| Empirical evidence on growth spillover from China to New Zealand | Tugrul Vehbi | Denise R. Osborne | |
| (4.3) Health Thursday 2.00-3.30pm Chair: Kristie Carter | Obesity and High Birth Weight | Rachel Webb (JW-D) | |
| Demand in New Zealand Hospitals: Expect the Unexpected? | Gail Pacheco | Nan Jiang | |
| Output and productivity in the education and health industries | Adam Tipper | ||
| (4.4) Exchange Rates 1
Thursday Chair: Mark Holmes | Export performance, invoice currency, and heterogeneous exchange rate pass-through | Lynda Sanderson (SNZ) | Richard Fabling |
| Exchange rate valuation and its impact on the real economy | Enzo Cassino | David Oxley | |
| The New Zealand experience of short- and medium-term real exchange rate volatility | Daan Steenkamp (NZEPP) | Willy Chetwin, Tim Ng | |
| (4.5) Behavioural Thursday 2.00-3.30pm Chair: Seamus Hogan | Should Cartels be Criminalised in New Zealand? | Emma Moore (NZEPP) (JW-BM) | Dr Laura Meriluoto |
| Transaction Costs and Inertia in Charitable Giving | Stephen Knowles | Maros Servatka | |
| Price-setting behaviour in New Zealand | Miles Parker (SNZ) (NZEPP) (JW-D) | ||
| (4.6) Transport Thursday 2.00-3.30pm Chair: Tantri Tantirigama | Recent trends of New Zealand’s international freight transport | Joanne Leung | Haobo Wang |
| Long-term trends of visitors by air between New Zealand and its “emerging” markets | Haobo Wang | John Macilree, Sarah Wheaton | |
| Discussion | |||
| 3.30 – 4.00 AFTERNOON TEA | |||
| KEYNOTE 4: Mardi Dungey, University of Tasmania
“Banking, Insurance, the Real Economy and Systemic Risk” | |||
| 6.30 – CONFERENCE DINNER | |||
| FRIDAY 5 JULY | |||
| KEYNOTE 5: John Quiggin, University of Queensland
“Economics after the Global Financial Crisis” | |||
| 10.30 – 11.00 MORNING TEA | |||
| (5.1) Finance 2 Friday 11.00-12.30pm Chair: Christie Smith | Housing Markets and the GFC: The Complex Dynamics of a Credit Shock | Arthur Grimes SNZ | Sean Hyland |
| Policy Rate, Mortgage Rate and Housing Prices: Evidence from New Zealand | David Tripe (NZEPP) | Song Shi, Jyh-Bang Jou | |
| What happens when the Kiwi flies? The sectoral effects of exchange rate shocks | Daan Steenkamp (SNZ) | Michael Ryan, Tugrul Vehbi, Ozer Karagedikli | |
| (5.2) Productivity Friday 11.00-12.30pm Chair: Elisabeth Numan-Parsons | New Zealand’s productivity paradox – a transport policy perspective | Ian Duncan | Joanne Leung |
| Productivity by the numbers: The New Zealand experience | Lisa Meehan | Paul Conway | |
| Economy-wide impacts of increases in exports and productivity in New Zealand | Anita King (NZEPP) | James Zuccollo, Chris Schilling and James Messent | |
| (5.3) The NZ labour market before, during and after the GFC Friday 11.00-12.30pm Chair: Jason Timmins | The incidence and persistence of cyclical job loss in New Zealand | David Maré | Richard Fabling |
| The costs of involuntary job loss: Impacts on workers’ employment and earnings | Sylvia Dixon (SNZ) | David C. Mare | |
| Firm-level Hiring Difficulties: Persistence, Business Cycle and Local Labour Market Influences | Richard Fabling | David Maré | |
| (5.4) Exchange Rates 2 Friday 11.00-12.30pm Chair: Tim Ng | New Zealand History of Monetary and Exchange Rate Regimes | Richard Sullivan | |
| Contemporary exchange rate regimes: floating, fixed and hybrid | Willy Chetwin | Anella Munro | |
| Capital Flows, Interest Arbitrage and Exchange Rates | Anella Munro | ||
| (5.5) Trade Friday 11.00-12.30pm Chair: David Law | Trade Policy-Making in a Model of Legislative Bargaining | Bilgehan Karabay | Levent Celik, John McLaren |
| Horizontal, Vertical and Marginal Intra-Industry International Trade and Determinants: New Zealand and Australia Evidence | Sayeeda Bano | ||
| Impact of Agricultural Trade Liberalisation on Rice Cultivation and Environment in Bangladesh | Dayal Talukder (NZEPP) | ||
| (5.6) Methodology Friday 11.00-12.30pm Chair: Nan Jiang | Supply and demand models – the impact of framing | Stuart Birks | |
| Tarot card reading and the art of communicating economic ideas | Matt Nolan | ||
| Using General to Specific Method in Panel Data: An Application to Real Wage and Labour Productivity Relationship | Saten Kumar | ||
| 12.30 – 1.30 LUNCH | |||
| 1.30 Conference Closing | |||
