Working paper
The New Zealand Emissions Trading Scheme de-link from Kyoto: impacts on banking and prices
The New Zealand Emissions Trading Scheme (NZ ETS) presents an opportunity to compare the theory of linked emissions trading with practice. From 2009 until late 2012 New Zealand was linked to the Kyoto market and there was no indication that this link would be broken. In November 2012 the New Zealand government announced that it...
Working paper
Higher education institutions and regional growth: the case of New Zealand
We examine the relationship between the presence of Higher Education Institutions (HEIs) and local growth, using a sample of 57 New Zealand Territorial Local Authorities (TLAs) between 1986 and 2013. Our models include a large set of controls, including past growth. An innovation of our approach is that we include official population projections as a...
Working paper
Does money grow on trees? Mitigation under climate policy in a heterogeneous sheep-beef sector
Summary haiku Ruminating on Methane. Land use will change and Someone’s gotta pay. Abstract I use simulations from the Land Use in Rural New Zealand model to consider mitigation for different classes of sheep-beef farms under climate policy. Farmers in the model can respond to carbon prices by abandoning or afforesting marginal land. In assessing...
Working paper
Labour market dynamics following a regional disaster
The 2010/2011 Canterbury earthquakes caused major upheaval to the people of the region. The second major quake killed 185 people, forced many from their homes, and closed Christchurch’s central business district. This paper examines the consequential effect on jobs and accumulated earnings for workers in Canterbury.
Working paper
Productivity distribution and drivers of productivity growth in the construction industry
The construction industry contributes a large and growing share of the New Zealand economy, with total employment rising to almost 10% and value added (GDP contribution) rising to about 9% by 2012. While aggregate statistics have raised some concerns about poor construction productivity, the New Zealand construction industry is not an underperformer when looked at...