Apr 2019 AI (#64) interviews Barry and Eaqub

Asymmetric Information Issue No. 64


  • Editorial
  • An interview with Phil Barry (by John Yeabsley)
  • The ‘Five Minute Interview’ with Shamubeel Eaqub
  • Blogwatch (by Paul Walker)
  • Relatedness, Complexity and Local Growth (by Benjamin Davies and Dave Maré, Motu)
  • A Hundred years on: Beyond the fighting to the economics (by Ian Duncan)
  • Child Poverty (Stats NZ)
  • NZAE Conference
  • Research in Progress (University of Waikato)
  • WEAI Conference
  • New Members

2019 NZEP Issue 1 includes capability theory of the firm

The contents of New Zealand Economic Papers, Volume 53, Issue 1, 2019 (available online or by subscription):

    • A capability theory of the firm: an economics and (Strategic) management perspective by David J. Teece
    • Expertise: is it a gift or a curse? Evidence from the New Zealand health care sector by Somi Shin
    • The J-curve and bilateral trade balances of Indonesia with its major partners: are there asymmetric effects? by Mohsen Bahmani-Oskooee & Hanafiah Harvey
    • Optimal tax enforcement and the income tax rate: the role of taxable income inequality by John Creedy
    • Using validated measures of high school academic achievement to predict university success by Kamakshi Singh & Tim Maloney
    • Citation for Julia Lane to mark her distinguished fellow award by the New Zealand association of economists by Arthur Grimes

Registration closing soon for the 9th NZ Macroeconomic Dynamics Workshop

Victoria University of WellingtonThe School of Economics and Finance invites you to attend the 9th NZ Macroeconomic Dynamics Workshop 2019.

See the FINAL PROGRAMME attached. There is no registration fee to attend but for catering purposes please register with Numa Fonoti (Numa.Fonoti@vuw.ac.nz) no later than Friday, 19 April 2019 and include any special dietary requirements.
8.45am – 5.00pm

Friday 26 April, 2019

RHMZ03, Mezzanine Level, Rutherford House, Pipitea Campus

23 Lambton Quay

Register now by clicking below and completing your details
Register Now

For other forthcoming events across institutions, see lists here.

Dec 2018 AI (#63) congratulates economists inducted as Royal Society Fellows

Asymmetric Information Issue No. 63


  • Editorial
  • An interview with Brent Layton (by John Yeabsley)
  • Two new FRSNZs (by Norman Gemmell and Les Oxley
  • The ‘Five Minute Interview’ (Christie Smith)
  • Blogwatch (by Paul Walker)
  • Conference Assistants (by John Yeabsley)
  • Do housing allowances increase rents? Evidence from a discrete policy change (by Dean Hyslop and David Rea, Motu)
  • Hawke on Australasian Economic Thought
  • Research interests at VUW

Last Call for Papers at NZAE Annual Conference July 2019 Wellington

Last Call for Papers
60th New Zealand Association of Economists Annual Conference
To be held at Victoria University of Wellington
3, 4, 5 July 2019 (Wed, Thurs, Fri)

The New Zealand Association of Economists is pleased to announce the Last Call for Papers for its 60th Annual Conference. Abstracts can be submitted here by 1 April.

See attached for more information: nzae2019_ last _call_for_papers

First Call for Papers at NZAE Annual Conference July 2019 Wellington

First Call for Papers:
60th New Zealand Association of Economists Annual Conference
To be held at Victoria University of Wellington, Wellington 3, 4, 5 July 2019 (Wed, Thurs, Fri)
Abstracts can be submitted here. (See attached for more information)

NZAE PhD Student Workshop, 2019

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: Tuesday, July 2nd, 2019
Where: Wellington TBC (See attached for more information)

Stata Prize for Excellence in Graphics Communication

The Stata Prize for Excellence in Graphics Communications will be awarded to the written paper that is deemed to make the best use of graphs for data visualization or communication of research findings using graphics. The papers will be judged by leading empirical researchers in economics. (See attached for more information and conditions of entry)

Please address conference enquiries to:

Ian Duncan or Shelley Haring (contact details in attached)


2018 NZEP Issue 3 includes analysis of NZ rich list

The contents of New Zealand Economic Papers, Volume 52, Issue 3, 2018 (available online or by subscription):

  • Monetary, prudential and fiscal policy: how much coordination is needed? by Stephen G. Cecchetti
  • Inflation expectations and low inflation in New Zealand by Özer Karagedikli & C. John McDermott
  • The New Zealand rich list twenty years on by Tim Hazledine & Max Rashbrooke
  • Modal shift for New Zealand shippers for various policy scenarios by Hyun Chan Kim, Diana Kusumastuti & Alan Nicholson
  • The marginal welfare cost of personal income taxation in New Zealand by John Creedy & Penny Mok

Call for applications for A R Bergstrom Prize in Econometrics


Applications are now being sought for the A R Bergstrom Prize in Econometrics, 2019.

The objective of the Prize is to reward the achievement of excellence in econometrics, as demonstrated by a research paper in any area of econometrics. The Prize is open to New Zealand citizens or permanent residents of New Zealand who, on the closing date of applications, have current or recent (i.e. within two years) student status for a higher degree. It is intended that the awardee will utilise the proceeds to assist in financing further study or research in econometrics in New Zealand or overseas.

The Prize can be awarded once every two years, with a value of NZ$1,000 (NB Payment will be to a domestic New Zealand bank account in the name of the prize winner). The selection panel will be appointed by the A R Bergstrom Prize Committee.

Applications/nominations must include:

  • a formal letter of application and, in the case of students, a letter of nomination by their research adviser or chairperson
  • a research paper written by a single author, reporting original research in any area of econometrics
  • a CV and relevant academic transcripts

Applications should be emailed by Friday 15 February 2019 to:
Dr. Leo Krippner ( leo.krippner@rbnz.govt.nz )

See NZAE page for further information on the prize.

Congratulations to recipients of NZAE prizes in 2018

Congratulations to the following recipients of prizes presented at NZAE Conference 2018. More detail on each prize is available at https://nzae.org.nz/prizes/

David Teece Prize in Industrial Organisation and Firm Behaviour Richard Meade
New Zealand Economic Policy Prize Jed Armstrong, Hayden Skilling & Fang Yao
NZIER Poster prize – open Hanna Habibi
NZIER Poster prize – student Hanna Habibi
People’s choice poster Samuel Verevis
Jan Whitwell Doctoral Yaxiong (Sherry) Li
Jan Whitwell Bachelors / Masters Ben Davies
Seamus Hogan Research Prize Sally Owen
Statistics NZ prize Isabelle Bouchard, Lydia Cheung & Gail Pacheco

GEN 2018 conference 9 Nov 2018

Improving peoples’ lives through effective policy

Ensuring policies are effective and achieve the desired impacts is harder than it seems. The conference will explore how economic analysis can help us to advise governments on the best ways to improve the quality of peoples’ lives.

Conference website

NZAE Conference 2019 early information

See dedicated conference website for more detail released nearer to the event.

Title: NZAE Conference 2019
Location: Rutherford House, Victoria University of Wellington
Description: Annual 3-day NZAE Conference
Start Date: 2019-07-03
Start Time: 08:00
End Date: 2019-07-05
End Time: 13:30

2019 Conference important dates:

  • Wednesday 20th February First notice of conference sent out
  • Wednesday 20th February Portal for abstract submissions opens
  • Friday 22nd March Final notice of conference sent out
  • Monday 25th March Conference registration opens
  • Monday 1st April Abstracts Due
  • By Monday 22nd April Notification of acceptances
  • Monday 13th May Registration deadline for presenters
  • Monday 13th May Deadline for early-bird registration
  • Monday 10th June Full papers due for entries to prizes
  • Wednesday 3rd July Conference start
  • Friday 5th July Conference end

PhD Workshop: Tuesday, 2nd July; venue TBD

2019 Conference keynotes:

Canterbury scientific integrity workshop 26-Oct-18

There is more and more evidence that findings from many scientific studies cannot be reproduced, casting doubt on the reliability of these studies. This will be discussed at a ‘Reproducibility and Integrity in Scientific Research’ workshop, University of Canterbury, October 26, 2018. Registration details at https://blogs.canterbury.ac.nz/intercom/2018/09/21/workshop-on-reproducibility-and-integrity-in-scientific-research/.

Aug 2018 AI (#62) includes recent awards and photos

Asymmetric Information Issue No. 62


  • Editorial
  • An interview with Paul Conway (by John Yeabsley)
  • The ‘Five Minute Interview’ (Christina Leung)
  • NZIER Economics Award 2018 Citation
  • NZAE Conference 2018 Awards
  • NZAE Conference 2018 Photos
  • Blogwatch (by Paul Walker)
  • GEN 2018 Annual Conference Notification
  • Environmental-Economic Accounting at Stats NZ
  • Creedy on Corden
  • WEAI Conferences, Save the Dates
  • 29th Australian & New Zealand Econometric Study Group (ANZESG) Meeting
  • NEW MEMBERS (for 2018 up to 1 August 2018)
  • The A R Bergstrom Prize in Econometrics, 2019

2018 NZEP Issue 2 includes whether state ownership is detrimental to performance

The contents of New Zealand Economic Papers, Volume 52, Issue 2, 2018 (available online or by subscription):

  • The fall (and rise) of labour share in New Zealand by Benjamin Bridgman & Ryan Greenaway-McGrevy
  • Business cycle accounting for New Zealand by Thakshila Gunaratna & Robert Kirkby
  • Artwork characteristics and prices in the New Zealand secondary art market, 1988–2011 by John Forster & Helen Higgs
  • New Zealand State-owned enterprises: is state-ownership detrimental to firm performance? by Kenny Ka Yin Chan, Li Chen & Norman Wong
  • Income effects and the elasticity of taxable income by John Creedy, Norman Gemmell & Josh Teng
  • The economists and New Zealand population: problems and policies 1900–1980s by Geoffrey T. F. Brooke, Anthony M. Endres & Alan J. Rogers
  • The effect of public funding on research output: the New Zealand Marsden Fund by Jason Gush, Adam Jaffe, Victoria Larsen & Athene Laws
  • Citation for John Gibson to mark his Distinguished Fellow Award by the New Zealand Association of Economists by Arthur Grimes

Julia Lane awarded Distinguished Fellow of NZAE

New Zealand produces many innovative minds. In economics, we often think of innovation in terms of a revolutionary theoretical insight or the creation of a new empirical test. But – just as important as these innovations – are innovations in producing the data that we require to subject our theories to scientific test. This year’s New Zealand Association of Economists Distinguished Fellow has contributed to a revolution in the way that empirical work is conducted in the United States, New Zealand and globally.

Professor Julia Lane has been a pioneer in micro-data analysis. From the late 1990s onwards, Julia worked with John Abowd and others to enable the use of large administrative unit record micro-data for economic research purposes. Julia was not only an early user of micro-data, she also pioneered the protocols for its use by other researchers. This is evidenced by her co-authored publications between 1999 and 2004 of a range of influential books on the topic and by an AER paper: ‘Integrated Longitudinal Employer-Employee Data for the United States.’ (Abowd, Haltiwanger, & Lane, 2004) She published important papers in the AER (Haltiwanger, Lane, & Spletzer, 1999) and the Journal of Labor Economics (Burgess, Lane, & Stevens, 2000) at the turn of the millennium using the new micro-data to demonstrate the heterogeneity of productivity outcomes and the nature of worker flows across firms.

In addition to these important contributions to the profession, Julia is a leading international researcher on the impacts of science and innovation policy. She holds the post of Provostial Fellow for Innovation Analytics at New York University (NYU), where she also holds the positions of Professor, Wagner School of Public Policy, and Professor at the Center for Urban Science and Policy. She is a Senior Research Fellow at the U.S. Census Bureau and at the Office of Management and Budget at the White House. From 2008 to 2012, Julia was program director for the Science of Science and Innovation Policy Program at the National Science Foundation (NSF). She led the NSF’s STAR METRICS program,1 which was led by the National Institutes of Health and the National Science Foundation under the auspices of the White House Office of Science and Technology Policy. The programme was designed to document the outcomes of science investments to the public. As with her work using and enabling micro-data, Julia’s work in the ‘science of science’ field has been heavily cited including her publications in Nature (Lane, 2010) and Science (Lane & Bertuzzi, 2011).

Julia’s other posts have included: Senior Managing Economist for the American Institutes for Research (AIR) International Development Program; Senior Vice President and Director, Economics Department at NORC/University of Chicago; Director of the Employment Dynamics Program at the Urban Institute; Full Professor at American University; Consultant for the World Bank; and Associate Professor of Economics at University of Louisville.

Julia has published over 70 articles in leading journals, and has authored three and edited seven books. She is an elected fellow of the American Statistical Association, the American Association for the Advancement of Science and the International Statistical Institute and is the recipient of the Warren E. Milller, the Julius Shiskin, and the Roger Herriot awards. She co-chaired the Science of Science Policy Interagency Group for the White House National Science and Technology Council, was a Member of the Founding Committee for the International Data Forum and has edited special issues of a range of well-known journals. In addition, she has received many other fellowships and awards across multiple continents.

While having been based in the U.S.A. since the early 1980s – following her initial BA in Economics and Japanese at Massey University – Julia has retained research and policy links with New Zealand. She was the guest co-editor of the New Zealand Economic Papers special issue on micro-data use in June 2002 and has also acted as a referee for NZEP. She has received grants from the NZ Department of Labour for micro-data work resulting in the 2002 NZ conference on Data Integration and Linked Employer-Employee Data. Julia was a keynote speaker to the New Zealand Association of Economists conference in 2002 and has been a keynote speaker at several other New Zealand conferences. She has held visiting positions at Victoria University of Wellington and at the Department of Labour.

Professor Julia Lane’s outstanding contributions across multiple fields amply demonstrate that she has the credentials required for the award of Distinguished Fellow of the New Zealand Association of Economists.


1 STAR-METRICS: Science and Technology in America’s Reinvestment – Measuring the Effects of Research on Innovation, Competitiveness and Science.


  • Abowd, J. J., Haltiwanger, J., & Lane, J. (2004). Integrated longitudinal employer-employee data for the United States. American Economic Review, 94(2), 224229. doi: 10.1257/0002828041301812 
  • Burgess, S., Lane, J., & Stevens, D. (2000). Job flows, worker flows, and churning. Journal of Labor Economics, 18(3), 473502. doi: 10.1086/209967
  • Haltiwanger, J. C., Lane, J., & Spletzer, J. (1999). Productivity differences across employers: The roles of employer size, age, and human capital. American Economic Review, 89(2), 9498. doi: 10.1257/aer.89.2.94 
  • Lane, J. (2010). Let’s make science metrics more scientific. Nature, 464(7288), 488489. doi: 10.1038/464488a
  • Lane, J., & Bertuzzi, S. (2011). Measuring the results of science investments. Science, 331(6018), 678680. doi: 10.1126/science.1201865

Ralph Lattimore elected NZAE Life Member

Ralph has been a longstanding member of the NZAE, including serving on the Council from 2003-2007. He was actively involved in proposing and furthering several initiatives which now a core part of the NZAE. Life membership was a particular push by Ralph, and he played a role in celebrating the early workers for NZAE Distinguished Fellows. Ralph was involved in the drive to set up a form of “lifetime achievement awards” to complement the annual Economist of the Year. He also wrote citations for several [Peter Lloyd and Brian Easton]. In terms of his contributions to the NZ economics profession more widely, Ralph along with Gary Hawke was keen to record our history, both economic and of the early economists. This had various aspects, but included their joint history of agriculture [Hawke & Lattimore (1999) Visionaries, Farmers & Markets: An Economic History of New Zealand Agriculture], their work on the early days of economics as a discipline [Hawke & Lattimore (2002) Scoping the History of Economics in New Zealand] plus of course the successive editions of the short macroeconomic history of NZ that started as A Briefing on the NZ Economy with Paul Dalziel.