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:

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

Asymmetric Information Issue No. 62

Contents

  • 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.

Notes

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

References

  • 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.

Housing Unaffordability special issue call for papers

Housing Unaffordability: An International Economic Problem

Guest Editors:
Peter Phillips peter.phillips@yale.edu
Ryan Greenway-McGrevy r.mcgrevy@auckland.ac.nz

Housing has become increasingly expensive in many urban centres around the world, creating a global economic problem with no easy policy solutions. Housing unaffordability has a pervasive influence on many aspects of economic life. It impacts intergenerational equity, affects retirement decisions, labour mobility and immigration, and raises major policy challenges at both local and national government levels.

This Special Issue of New Zealand Economic Papers will be devoted to addressing these questions using evidence based economic analysis. We welcome research on all aspects of this global economic problem, including its causes, consequences, and policy responses, as well as methodological approaches to its study and empirical analysis.

Ranking: Australian Business Deans Council (ABDC) Journal Quality List – B ranking.

Submission: via the online portal at https://mc.manuscriptcentral.com/rnzp

Please indicate that your paper is meant for the special issue on “Housing Unaffordability” during the submission process.
Selection of papers for the special issue will follow peer review.

Availability: New Zealand Economic Papers is a fully peer-reviewed scholarly journal published by leading international publishers Taylor & Francis (under the Routledge imprint) on behalf of the New Zealand Association of Economists.
The journal is indexed in leading international databases including EconLit, ABI/Inform and EBSCO.

Submission deadline: 31 March 2019

NZEP Call for papers Jun18

Apr 2018 AI (#61) includes research work at AUT

Asymmetric Information Issue No. 61 

Contents

  • Editorial
  • An interview with Leo Krippner (by John Yeabsley)
  • The ‘Five Minute Interview’ (Ronald Peters)
  • Blogwatch (by Paul Walker)
  • Obituaries: The Passing Parade
  • WEAI Conferences, Save the Dates
  • Introducing … The New Zealand Work Research Institute at AUT
  • (Motu) Retooling the Emissions Trading Scheme to ‘Decarbonise’ NZ (by Suzi Kerr, Catherine Leining, Joanna Silver, Phil Brown, Nigel Brunel, Sandra Cortes-Acosta, Stuart Frazer, Adrian Macey, Guy Salmon, and Paul Young)
  • Meanwhile … Activities of Possible Interest
  • NEW MEMBERS (for 2018 up to 1 April 2018)
  • Research in Progress (University of Canterbury)

NZAE Conference 2018 abstracts due 2-Apr

THE NEW ZEALAND ASSOCIATION OF ECONOMISTS IS PLEASED TO ANNOUNCE A CALL FOR PAPERS FOR ITS 59TH ANNUAL CONFERENCE.

To be held at Auckland University of Technology, Auckland, New Zealand on 27, 28 and 29 June 2018.

Please see attached detailed information re:
1. “Last Call for Papers” 59th Annual Conference
2. “Call for Papers” Symposium on Wellbeing
3. “NZAE PhD Student workshop, 2018”
nzae2018_last_call_for_papers

2018 NZEP Issue 1 includes question on Kiwisaver net wealth effect

The contents of New Zealand Economic Papers, Volume 52, Issue 1, 2018 (available online or by subscription):

  • KiwiSaver and the accumulation of net wealth by David Law & Grant M. Scobie
  • Analysing the extent and effects of occupational regulation in New Zealand by Simon James Greenwood & Andrea Kutinova Menclova
  • The demand for imported oil: New Zealand’s post-deregulation experience by Mohammad Jaforullah & Alan King
  • Behavioural heterogeneity in the New Zealand stock market by Bart Frijns & Ivan Indriawan
  • Collateral crises and unemployment by Eric Tong
  • Treasury’s refreshed views on New Zealand’s economic strategy: a review article by Paul Dalziel & Caroline Saunders

Len Bayliss passes away

Len Bayliss passed away January 19, 2018 at Parkwood Lodge, Waikanae, aged 90 years. Len was instrumental in the formation of the NZAE and has been a Life Member of the NZAE for many years.

Reports and reflections on Len’s contribution to NZ economics is available as follows:

  • 2005 citation at the time Len was elected a NZAE Life Member
  • 2011 summary of the early NZAE years, by Frank Holmes and assisted by Len Bayliss and Jack McFaull
  • 2013 interview with Len by Michael Reddell
  • And reflections by Michael Reddell on news of Len’s passing 

2017 NZEP Issue 3 includes NZ business cycle, public debt and firm productivity

The contents of New Zealand Economic Papers, Volume 51, Issue 3, 2017 (available online or by subscription):

  • On the robustness of stylised business cycle facts for contemporary New Zealand by Viv B. Hall, Peter Thomson & Stuart McKelvie
  • Price-setting behaviour in New Zealand by Miles Parker
  • Debt projections and fiscal sustainability with feedback effects by John Creedy & Grant Scobie
  • KiwiSaver: an evaluation of a new retirement savings scheme by David Law, Lisa Meehan & Grant M. Scobie
  • The effect of the price or rental cost of housing on family size: a theoretical analysis with reference to New Zealand by Mimi Liu & Jeremy Clark
  • Firm productivity growth and skill by David C. Maré, Dean R. Hyslop & Richard Fabling
  • Citation for David Teece to mark his Distinguished Fellow award by the New Zealand Association of Economists by Arthur Grimes

Dec 2017 AI (#60) includes a value of sunshine

Asymmetric Information Issue No. 60 

Contents

  • Editorial
  • An interview with Len Cook (by John Yeabsley)
  • The ‘Five Minute Interview’ (Bronwyn Croxson)
  • WEAI Conferences, 2018 and 2019
  • Blogwatch (by Paul Walker)
  • (Motu) Valuing Sunshine (by David Fleming, Arthur Grimes, Laurent Lebreton, David C. Maré, and Peter Nunns)
  • Changes to the Retail Trade Survey (Statistics NZ)
  • NEW MEMBERS (mid-July to mid-September 2017)
  • Research in Progress (Lincoln University)

NZAE Conference 2018 early information

See dedicated conference website for more detail

Title: NZAE Conference 2018
Location: Sir Paul Reeves Building at AUT, Mayoral Drive, Auckland
Description: Annual 3-day NZAE Conference
Start Date: 2018-06-27
Start Time: 08:00
End Date: 2018-06-29
End Time: 13:30

Conference important dates:

  • Wednesday 21st February First notice of conference sent out
  • Wednesday 21st February Portal for abstract submissions opens
  • Friday 23rd March Final notice of conference sent out
  • Monday 26th March Conference registration opens
  • Monday 2nd April Abstracts Due
  • By Monday 23rd April Notification of acceptances
  • Monday 14th May Registration deadline for presenters
  • Monday 14th May Deadline for early-bird registration
  • Monday 11th June Full papers due for entries to prizes
  • Wednesday 27th June Conference start
  • Friday 29th June Conference end

Conference keynotes (including links):

August 2017 AI (#59) includes interview with Gai

Asymmetric Information Issue No. 59

Contents

  • Editorial
  • An Interview with Prasanna Gai (by Steffen Lippert)
  • The ‘Five Minute Interview’ (Martin Fukac)
  • Experimental Economics? (by Jeremy Clark)
  • Economics Education in New Zealand: Allocatively Inefficient? (by Bryce Hartell)
  • Blogwatch (by Paul Walker)
  • NZAE Conference, 12 – 14 July 2017
  • Awards presented at NZAE Conference dinner
  • Citations for NZAE Life Membership
  • Abstract for the David Teece Prize in Industrial Organisation
  • Citation for the 2017 Bergstrom Prize
  • (Motu) The longer term impacts of job displacement on labour market outcomes (by Dean Hyslop and Wilbur Townsend)
  • Report from GEN
  • Research in Progress (Massey University)
  • 2017 NZAE PhD Student Workshop
  • WEAI Conferences, 2018 and beyond
  • New Members

12th A R Bergstrom Prize in Econometrics to Daan Steenkamp

Congratulations to Daan Steenkamp, who was awarded the 2017 A. R. Bergstrom Prize in Econometrics for his paper Daan_Steenkamp_dp17-02. The Bergstrom Prize can be awarded every two years and aims to reward the achievement of excellence in econometrics, as evidenced by a research paper in any area of econometrics.

If an asset price contains a ‘bubble’ it will exhibit explosive (i.e. exponential) dynamics. Recently developed tests by Phillips et al. (2015a) and Phillips et al. (2015b) provide an accurate way to gauge whether asset prices are experiencing explosive dynamics, or have done so in the past.

Daan Steenkamp’s paper applies those tests to eleven of the most commonly traded exchange rates at a daily frequency and over a long sample. When measured at a daily frequency, the volatility of exchange rates tends to be high and potentially non-stationary, and there may be a size distortion in the standard tests causing them to over-reject the null that the series is explosive. For this reason, a wild bootstrapping technique is used to compute critical values for statistical interference.

A second contribution of Daan’s paper is to consider the possibility of both positive and negative explosive periods. Currency pairs provide a natural test case in this regard because explosive increases (or collapses) in a foreign currency imply a corresponding collapse (or increase) in the given base currency. Furthermore, the influence of the base currency on the explosive dynamics may be inferred by considering the dynamics of its effective exchange rate, i.e. that currency’s value against a wide basket of foreign currencies.

The results show that bouts of explosiveness in exchange rates against the United States (US) dollar are uncommon at a daily frequency. Periods of explosiveness tend to last for several days but involve only small changes in currency levels. These also usually reverse shortly afterwards.

Second, the dynamics of the US dollar appear to be largely responsible for the results found for the individual currency pairs, as evidenced by a high concordance of their explosiveness with explosiveness in the broad value of the US dollar exchange rate. This result suggests that there are relatively few instances where explosiveness in individual cross-rates reflected country-specific factors. There is also evidence that explosive episodes in currency markets coincide with periods of high market volatility.

In their assessment, the adjudicators Professors Mark Holmes and Bob Reed noted that Daan’s work was “competent analysis based on cutting edge econometric techniques that provide valuable insights.”

Congratulations to recipients of NZAE prizes in 2017

Congratulations to the following recipients of prizes presented at NZAE Conference 2017. 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 Richard Meade
NZIER Poster prize – open Kate Preston
NZIER Poster prize – student Jianhua Duan
People’s choice poster Kate Preston
Jan Whitwell Doctoral Nazila Alinaghi
Jan Whitwell Bachelors / Masters Cameron Hobbs
Seamus Hogan Research Prize Nazila Alinaghi
Statistics NZ prize Richard Fabling and Arthur Grimes