The intention of this blog is to highlight economists’ work and provide material to support education and general understanding, especially as it relates to economics in New Zealand. It is not a forum for advocacy (other than better use of economics). Posts are categorised as Events, Insights or NZAE News (includes subcategories). Posts are also tagged with the JEL Classification and/or as considered appropriate (see list below). Authors are generally Councillors of the NZAE. Anyone can provide comments. Any views expressed are not necessarily those of the NZAE.
Professor / Associate Professor in Finance
Department of Economics and Finance
College of Business and Law
Christchurch, New Zealand
- Full-time (1.0 FTE)
- Continuing (i.e. permanent) position
The Department of Economics and Finance invites applications for a continuing/tenured position of Associate Professor/Professor in Finance. The actual position will be dependent on the successful candidate’s qualifications and experience.
The position will involve teaching at both undergraduate and postgraduate level, undertaking post-graduate research supervision, contributing actively and positively to the research profile of the Department, and contributing to administrative activities. The Department is above all interested in strengthening its teaching in the Master of Financial Management programme, which lies in University of Canterbury’s Department of Executive Development Programmes, and in the promotion and use of the School’s new Trading Room as a research and teaching resource.
The Department of Economics and Finance is one of four constituent departments of the University of Canterbury’s School of Business and Economics, which is one of New Zealand’s leading business schools (AACSB, AMBA, CAANZ and CFA accredited). The Department has an establishment of 17 full-time Faculty, is research-focused and has a strong international representation among the faculty. The standard teaching load in the Department is 3 courses per year plus postgraduate supervisory responsibilities. The Department and School offer a collegial environment, and academic staff have access to generous internal research funding and sabbatical leave.
Successful candidates should have appropriate academic leadership experience; have a strong and ongoing record of publications in high-quality, internationally recognised academic journals, a demonstrable ability to participate in international research collaborations and to attract external research income; have effective teaching skills and a commitment to quality teaching delivery; and be able and willing to contribute to College and professional service activities. Candidates with research and teaching interests in corporate finance and investments are particularly encouraged to apply.
The closing date for this position is: Sunday, 12 March 2017
The University of Canterbury is committed to promoting a world-class learning environment through research and teaching excellence, and has a vision statement of “People Prepared to Make a Difference”. You will have the opportunity to work alongside members of a diverse academic community and enrich your own professional and personal development.
The University of Canterbury is located in Christchurch, New Zealand’s second largest city. Christchurch offers a wide variety of recreational, sporting and cultural activities, and this position offers an excellent quality of life.
To apply and for information about the range of benefits in joining UC please visit us online at: http://www.canterbury.ac.nz/joinus
Applications for this position should include a cover letter, curriculum vitae (CV)/résumé and any additional attachments. These should be combined into one document and submitted online http://www.canterbury.ac.nz/joinus
Applicants should include in their cover letter/CV a statement clearly addressing the selection criteria as outlined in the Person Specification, summaries of evaluations of recent teaching, details of research activities and publications, and the names and contact details of three referees.
Enquiries of an academic nature should be made to Professor Glenn Boyle by email at: email@example.com
The University of Canterbury is an EEO employer and actively seeks to meet its obligation under the Treaty of Waitangi.
- An Interview with Suzi Kerr (by Lew Evans)
- The ‘Five Minute Interview’ (Ganesh Nana)
- NZIER Economics Award for 2016 John Creedy
- NZAE Conference 2016 Attendee Survey
- NZIER Economics Award Acceptance John Creedy
- NZAE PhD Student Workshop 2017
- (Motu) Income or Consumption: Which Better Predicts Subjective Wellbeing? (by Thomas Carver and Arthur Grimes)
- WEAI Conferences, 2017 and 2018
- Blogwatch (by Paul Walker)
- GEN Update
- A R Bergstrom Prize in Econometrics 2017
- Research in Progress (University of Otago)
- NEW MEMBERS (mid-July to mid-September 2016)
- Stata advert
CALL FOR PAPERS
8TH CONFERENCE ON FINANCIAL MARKETS AND CORPORATE GOVERNANCE
Victoria University of Wellington, Wellington, New Zealand
CONFERENCE: 20 & 21 April 2017 PHD SYMPOSIUM: 19 April 2017
You are invited to submit papers for presentation at the 8th Conference on Financial Markets and Corporate Governance to be held on Thursday, 20th and Friday, 21st April 2017 at the Victoria Business School, Rutherford House, Bunny Street, Wellington.
The theme for the conference is Information and Capital Markets and papers on all aspects of Corporate Governance, Financial Reporting, Capital Markets, Corporate Finance, Investments and Funds Management, Emerging Markets, and related areas are welcome. The deadline for submissions is 28 November 2016.
CONFERENCE KEYNOTE SPEAKERS
|Professor Katherine Schipper
Thomas F. Keller Professor of Accounting
Fuqua School of Business
Professor of Accounting
UQ Business School
University of Queensland
|Professor Richard Roll
Linde Institute Professor of Finance,
Division of Humanities and Social Sciences
Commonwealth Bank Chair in Finance
School of Banking and Finance
University of New South Wales
SPECIAL CONFERENCE ISSUE PACIFIC BASIN FINANCE JOURNAL
Pacific Basin Finance Journal will run a special conference issue of the journal and all presenters at the conference are invited to consider submitting their papers to the special issue. Pacific Basin Finance Journal, published by Elsevier, provides a specialised forum for the publication of academic research on capital markets.
Accounting Research Journal is offering an award of AUD1,000 for the best paper presented at the conference or symposium by an emerging scholar.
Securities Research Centre of Asia-Pacific (SIRCA) is offering an award of AUD1,000 for the best paper presented at the conference employing SIRCA data products.
The conference will be preceded by a PhD symposium on Wednesday, 19 April 2017. The symposium will provide PhD students with the opportunity to present their proposal or a working paper and receive expert feedback on their academic work. Students may submit working papers in the same subject areas as covered by the conference.
The conference and PhD symposium are being hosted by Victoria University of Wellington (School of Accounting and Commercial Law, School of Economics and Finance, Centre for Accounting, Governance and Taxation Research), in conjunction with the Department of Banking and Finance, Monash Business School, Monash University, and La Trobe Business School, La Trobe University.
Further information on submission of papers and all other aspects of the conference and PhD symposium is available at: http://www.victoria.ac.nz/fmcg-2017
The New Zealand Association of Economists is pleased to introduce its first PhD Student Workshop in Economics. At this workshop, PhD students have the opportunity to present their work in progress in a friendly environment and receive feedback from academics and peers. In doing so, students will meet members of the broader New Zealand Economics community. As well as networking with other PhD students, there may also be the opportunity to meet senior Economists and discuss career options with a postgraduate degree.
Students will not be able to present the same workshop paper at an oral session at the NZAE conference which takes place later that week. However, they will be strongly encouraged to present their workshop paper concurrently as a poster in the main conference – and present a revised version in an oral session in subsequent years.
For whom: PhD students in Economics who are either New Zealand-based or are New Zealand students studying abroad. Preference will be given to PhD students in the first two years of their studies who register for the NZAE conference.
When: July 11th, 2017
Where: RBNZ, Wellington
A call for papers will be sent out in February 2017.
The NZAE are pleased to announce the following keynote speakesr at their 2017 Conference, held 12-14th July 2017 at Victoria University’s Rutherford House.
2017 Conference important dates:
- Wednesday 22nd February First notice of conference sent out
- Wednesday 22nd February Portal for abstract submissions opens
- Friday 24th March Final notice of conference sent out
- Monday 27th March Conference registration opens
- Monday 3rd April Abstracts Due
- By Monday 24th April Notification of acceptances
- Monday 15th May Registration deadline for presenters
- Monday 15th May Deadline for early-bird registration
- Monday 12th June Full papers due for entries to prizes
- Wednesday 12th July Conference start
- Friday 14th July Conference end
- Introduction to NZEP Special Issue by Gary Hawke
- Fifty years of New Zealand Economic Papers: 1966 to 2015 by Robert A. Buckle & John Creedy
- Recessions and recoveries in New Zealand’s post-Second World War business cycles by Viv B. Hall & C. John McDermott
- Does New Zealand economics have a useful past? The example of trade policy and economic development by Geoffrey Brooke, Anthony Endres & Alan Rogers
- Eighty years of urban development in New Zealand: impacts of economic and natural factors by Arthur Grimes, Eyal Apatov, Larissa Lutchman & Anna Robinson
- Inequality in New Zealand 1983/84 to 2012/13 by Christopher Ball & John Creedy
- New Zealand’s experience with changing its inflation target and the impact on inflation expectations by Michelle Lewis & C. John McDermott
- Book review: A few hares to chase: the life and economics of Bill Phillips, by Alan Bollard, reviewed by Nicholas Barr
Copies of papers made available by the authors for NZAE Conference 2016 are available online.
An Interview with Ilan Noy (by John Creedy)
The ‘Five Minute Interview’ (Judy Kavanagh)
NZAE Membership Survey 2015
NZAE Conference Keynote Speaker Abstracts
NZAE Conference Photos
Awards Presented at NZAE Conference 2016
Blogwatch (by Paul Walker)
(Motu) The Impact of the 90-day Trial Policy
(by Nathan Chappell and Isabelle Sin)
WEAI Conferences, 2017 and beyond
GEN Annual Conference 2016
(Stats New Zealand) New Information in the
Labour Market Estimates (by Sharon Snelgrove)
Two Recent New Zealand Publications
Research in Progress (University of Auckland)
NZAE Information and New Members
The Ministry of Transport, MBIE and Transport Economics Knowledge Hub
invite you to attend a seminar that will present on two topics:
Implementing the Transport Domain Plan and Transport Research Strategy by Joanne Leung, Principal Economist, Ministry of Transport
New Zealand’s productivity growth: prescriptions for lifting performance from the NZ productivity commission by Paul Conway, Director Economics & Research, NZ Productivity Commission
Time and date: 11:30am to 1:00pm, Wednesday 31 August 2016
Venue: Ministry of Business, Innovation & Employment (MBIE) , 15 Stout Street, Wellington
RSVP: firstname.lastname@example.org (by Monday 29 August 2016)
- Food expenditure and GST in New Zealand by Christopher Ball, John Creedy & Michael Ryan
- Income redistribution and changes in inequality in New Zealand from 2007 to 2011: Alternative distributions and value judgements by John Creedy & Jesse Eedrah
- Does stadium construction create jobs and boost incomes? The realised economic impacts of sports facilities in New Zealand by Samuel A. Richardson
- Interpreting inequality measures and changes in inequality by John Creedy
- The effects of home heating on asthma: evidence from New Zealand by Andrea Kutinova Menclova & Rachel Susan Webb
- From complete to incomplete (contracts): A survey of the mainstream approach to the theory of privatisation by Paul Walker
Congratulations to the following recipients of prizes presented at NZAE Conference 2016. More detail on each prize is available at http://www.nzae.org.nz/prizes/
|Honours Dissertation Prize||Michael Callaghan|
|New Zealand Economic Policy Prize||Sina Mashinchi|
|NZIER Poster prize – open||Andrea Menclova|
|NZIER Poster prize – student||Nazila Alinaghi|
|People’s choice poster||Andrea Menclova|
|Jan Whitwell Doctoral||Yonatan Dinku|
|Jan Whitwell Doctoral||Lan Anh Tong|
|Jan Whitwell Bachelors / Masters||Wilbur Townsend|
|Seamus Hogan Research Prize||Anthony Anyanwu|
|Statistics NZ prize||Lisa Meehan|
Professor David Teece is Professor of Business Administration and Thomas W. Tusher Chair in Global Business at the Haas School of Business, University of California, Berkeley. He is also Director of the Tusher Center for the Management of Intellectual Capital. As an economist, he is renowned for his research on industrial organisation, technological change and innovation, particularly as it relates to competition policy and intellectual property.
Professor Teece gained a BA and MCom(Hons) (1971) from the University of Canterbury, before completing an MA and PhD (1975) at the University of Pennsylvania. He has held teaching and research positions at University of Canterbury, University of Oxford, Stanford University and the University of Pennsylvania. He holds honorary doctorates from St. Petersburg State University, Copenhagen Business School, Lappeenranta University of Technology (Finland) and the University of Canterbury.
Professor Teece has a long and distinguished research record. His first publication appeared in New Zealand Economic Papers in 1971 (Falvey & Teece, 1971). He has published over 200 books and articles, including articles in American Economic Review, Economic Journal, Review of Economics and Statistics, Journal of Economic Behavior and Organization, Journal of Economic Perspectives and Journal of Economic Literature. According to the Science Watch index of Scientific Research in Economics and Business, his Strategic Management Journal paper, ‘Dynamic Capabilities and Strategic Management’ was the most cited paper worldwide across these fields in the decade to 2005. He has been recognised by Accenture as one of the world’s top-50 business intellectuals.
Professor Teece’s research includes empirical tests of existing theories, especially in relation to transactions cost economics; new insights into the theory of the firm, such as the dynamic capabilities approach to the determinants of ongoing firm success; and synthesis of ideas from numerous fields to form new theories that are much greater than the sum of the parts.
A brief selection of papers illustrates some of the key intellectual approaches within his work. Professor Teece was one of the first economists to develop the Panzar–Willig concept of economies of scope to show that product diversification by a firm may be efficient if based on common and recurrent use of proprietary know-how (Teece, 1980). In his paper ‘Dynamic Capabilities and Strategic Management’ (Teece, Pisano, & Shuen, 1997) (cited over 25,000 times), he analysed the sources and methods of wealth creation and capture by private firms operating in environments of rapid technological change. As in his work on economies of scope, this work emphasised the importance of firms’ proprietary and difficult-to-trade knowledge assets in generating firm wealth. In a paper published in 2007 (Teece, 2007), he emphasises that a firm’s dynamic capabilities – which enable the firm to generate wealth on an ongoing basis – derive from an entrepreneurial approach that sees firms innovate and collaborate with other enterprises and institutions. It is through the resulting ongoing transformation that firms may escape the zero-profit condition so beloved by neo-classical economists. In recent work (Teece, 2014), Professor Teece has returned to a topic that he first visited in the 1980s applying the dynamic capabilities framework to explain the success of multi-national enterprises. At the core of all these contributions is the search for insights about the process of wealth creation at the firm level.
In addition to his prodigious and influential research output, Professor Teece is renowned for his ability to express complex ideas in non-technical language, making his ideas available to a broad public. His ability to think across fields and to relate his ideas to a broad audience has been of considerable use in the field of management consulting. He is Chairman and Principal Executive Officer of Berkeley Research Group, and was Co-Founder of LECG where he was Chairman (1988–2007) and Vice-Chairman (2007–2009).
Despite being based in the United States, David has kept close research, business and philanthropic links to New Zealand. He co-authored a paper in Journal of Economic Literature on New Zealand’s economic reforms (Evans, Grimes, Wilkinson, & Teece, 1996). He is a member of the Editorial Board for New Zealand Economic Papers and is an Honorary Member of LEANZ (Law and Economics Association of New Zealand). In addition, he is Chairman of the University of Canterbury Foundation Board of Trustees, and President of the University of Canterbury Foundation in America. Professor Teece was a co-founder of Kea (Kiwi Expatriates Abroad). In 2013, he became a Companion of the New Zealand Order of Merit.
Across his many contributions, Professor David Teece has proved that he has the outstanding credentials required for the award of Distinguished Fellow of the New Zealand Association of Economists.
- Evans, L., Grimes, A., Wilkinson, B., & Teece, D. (1996). Economic reform in New Zealand 1984-95: The pursuit of efficiency. Journal of Economic Literature, 34(4), 1856–1902.
- Falvey, R.E., & Teece, D.J. (1971). The determination of residential section prices in some South Island Centres. New Zealand Economic Papers, 5, 100–106.
- Teece, D.J. (1980). Economies of scope and the scope of the enterprise. Journal of Economic Behavior and Organization, 1(3), 223–247.
- Teece, D.J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509–533.
- Teece, D.J. (2007). Explicating dynamic capabilities: The nature and microfoundations of (sustainable) enterprise performance. Strategic Management Journal, 28(13), 1319–1350.
- Teece, D.J. (2014). A dynamic capabilities-based entrepreneurial theory of the multinational enterprise. Journal of International Business Studies, 45(1), 8–37.
Revise urban transport’s role: To obtain competitive urban land markets, and ensure homes are close to jobs, goods, services, and amenities by Chris Parker, Chief Economist, Auckland Council
Time and date: 12:00pm to 1:30pm, Monday 04 July 2016
- An Interview with Murray Sherwin (by Grant Scobie)
- The ‘Five Minute Interview’ (Eric Crampton)
- Treasury’s Living Standards Framework (by Bryce Wilkinson)
- Treasury’s Living Standards Framework – Response to Bryce Wilkinson (by Girol Karacaoglu)
- Blogwatch (by Paul Walker)
- (Motu) Residential Assimilation of Migrants (by Dave Maré, Jacques Poot and Ceridwyn Roberts)
- (Motu) Cyclical changes in Workforce Skill and Firm Productivity Measures (by David Maré, Dean Hyslop and Richard Fabling)
- (Stats New Zealand) New measures of inflation: Introducing the Household Living-costs Price Indexes (HLPIs) (by Alan Bentley)
- NEW MEMBERS (January, February and early March 2016)
- Report from GEN
- Research in Progress (Reserve Bank of New Zealand)
The Ministry of Transport and Transport Economics Knowledge Hub invite you to:
Transport infrastructure: decision-making under uncertainty:
The real options approach
Many transport investments face uncertainty, especially on the demand side. Traditional analysis is inadequate and can result in either severe congestion or white elephants like “The Bridge to Nowhere”. Better techniques have emerged, exploiting the value of flexibility and strategic decision making – the real options approach.
This presentation follows the shorter presentation provided by David Greig in March 2016. An expert in real options, David Campbell from the Australian economic consulting firm ACIL Allen, will share his experience from applying the approach in the transport (road, rail and ports), research, health, defence, water, drought, and climate change contexts.
Time and date: 12pm to 1pm, Thursday, 12 May 2016
Venue: Ministry of Transport, Level 6, 89 The Terrace, Wellington
RSVP: Helen Huang, email@example.com (by Wednesday, 11 May, 2016)
David Campbell is a Sydney-based Senior Associate of ACIL Allen, and was one of the founders of ACIL Tasman Pty Ltd, one of the two predecessor companies to ACIL Allen. David has many years of experience advising clients in relation to policy and investment strategy in areas involving high levels of uncertainty.
This has included pioneering applications of real options methods – that focus on dealing appropriately with the value of strategy flexibility and the value of information in guiding the development of adaptive investment strategies that offer greater value by limiting downside risk and securing access to upside possibilities.
The Ministry of Transport and Transport Economics Knowledge Hub invite you to attend a seminar that will present on three topics:
Treasury’s new Cost Benefit Analysis guide by Dieter Katz, The Treasury
The Economic Evaluation Manual by Graeme Belliss, New Zealand Transport Agency
The role of regulatory impact analysis (RIA) in policy analysis, advice, and political decision-making by Ben Temple, The Treasury
Time and date: 12:00pm to 1:30pm, Tuesday 03 May 2016
Venue: Ministry of Transport, Level 6, 89 The Terrace, Wellington
RSVP: firstname.lastname@example.org (by Friday 29 April 2016)
The Ministry of Transport and Transport Economics Knowledge Hub invite you to:
The Transport Economics Hub Debate:
Can New Zealand overcome the competitive disadvantage of being far away from international markets?
YES: Dave Heatley, Wayne Heerdegen, Iain McGlinchy, Nathaniel Robson
NO: Tom Simonson, Ian Duncan, Natalia Fareti, Alec Morrison
Chair: Kirdan Lee
Time and date: 12:30pm to 1:30pm, Tuesday 5 April 2016
Venue: Ministry of Transport, Level 6, 89 The Terrace, SAS Tower, Wellington
57th New Zealand Association of Economists Annual Conference
To be held at Auckland University of Technology Auckland
29 June July – 1 July 2016
The New Zealand Association of Economists is pleased to announce the Call for Papers for its 57th Annual Conference. Abstracts can be submitted here.
Submitters need to submit an abstract of not more than 250 words of their paper for either an oral presentation or the poster session. Full papers are not required at this stage, but for a paper to be considered eligible for the Statistics New Zealand, New Zealand Economic Policy, or Seamus Hogan prizes, a full paper must be submitted by 13 June.
We encourage individuals to present their research in the poster session. Some research is particularly suited to the visual style of a poster presentation; the poster session can also be suitable for work in progress and speculative research. We particularly welcome student research in the poster session.
Submitters are welcome to submit up to three papers. If we are only able to accept one of the submissions, we will contact presenters to ask which paper they would prefer to include. This limit applies to the number of papers presented by any one person, and not to the number of papers on which he or she is a co-author.
Please note that presenters whose papers are accepted for an oral presentation or poster MUST REGISTER by 16 MAY in order to remain on the programme. After this date, the registration fee is non-refundable.
24 Feb – Abstract portal opens
28 March – Conference registration opens
1 April – Abstracts due
By 25 April – Notification of acceptances
16 May – Registration deadline for presenters
16 May – Deadline for Early-bird registration
13 June – Full papers due (entries for SNZ, NZEP and SH prizes)
Please address conference enquiries to:
Dr Peter Tait
NZAE Organising Committee
Agribusiness and Economics Research Unit
PO Box 85084
Phone: 64 3 423 0384
On-Cue Conferences + Events
54 Montgomery Sq.
PO Box 1193
Phone: 64 3 546 6330 ext. 70
Please see attached for printable summary of prizes available at the 2016 NZAE Conference.
NZAE Prizes 2016
Transport Economics Knowledge Hub invite you to:
Economic development and transport by Ian Duncan (Principal Economist at Ministry of Transport)
Analytical framework and real options by David Greig (Strategy Director at Ministry of Transport) and Joanne Leung (Principal Economist at Ministry of Transport)
Time and date: 12 pm to 1 pm, Monday, 14 March 2016
Venue: Ministry of Transport, Level 6, SAS Tower, 89 The Terrace, Wellington