After 1984 the New Zealand economy underwent a radical transformation, moving from, arguably, the most regulated economy in the western world to the world’s freest market economy (Passow, 1992). One aspect of this economic ...

This paper estimates short and long run income elasticities of demand for New Zealand exports to several Asian countries. Export demand is modelled as a function of spending power using cointegration analysis. The results ...

Increases in national income are usually treated as economic growth. If large enough to produce increases in per capita income, they are generally considered as welfare enhancing. Yet, at the same time, these increases in ...

By international standards, New Zealand’s recent business cycle fluctuations are remarkably volatile. Some bivariate regularities observed in developed economies are weak and sometime uncertain. Are these features endemic ...

The paper seeks to undertake an econometric investigation of a quarterly money demand model for an eighteen year period 1979Q1-1996Q4. The variables considered for the model are real income, real interest rate, the real ...

Significant changes have occurred in the mix of students attending tertiary institutions in New Zealand over the last decade. The number of adult students involved in this level of study, in particular, have increased ...

The crisis in Asia has dominated economic, financial, and much business thinking for more than seven months. It looks set to continue to do so for an extended period. The effects on the countries concerned, on the region, ...

Two years ago Asia’s tiger economies were celebrating the Asian miracle, operating in an environment of relatively low inflation with a stable but cautious monetary policy. However, the rising wave of growth has suddenly ...

This paper presents a model of inflation that is generated by an excess supply of credit-money without any money base impulse from government. Instead, inflation turns out to depend on just three variables: the marginal ...

In this paper we focus on the effects of the crisis on New Zealand exports, including the effects on New Zealand manufacturers, on the effects of the crisis on growth in East Asia, on the effects of the crisis on the ...