In an idealised model the costs of capital and maintenance and the resulting flow of income benefits over a period of years enables the analyst to produce computations of present values and internal rates of return that summarise the whole investment process in a micro environment. In...

The present paper was inspired by and is a response to the Rola-Rubzen, Hardaker and Dillon paper ‘Agricultural economists and world poverty: progress and prospects’ (Rola-Rubzen et al. 2001). It is agreed that the position of agricultural economists in foreign aid and poverty programs has...

In an idealised model the costs of capital and maintenance and the resulting flow of income benefits over a period of years enables the analyst to produce computations of present values and internal rates of return that summarise the whole investment process in a micro environment. In...

In the course of another exercise (Johnson, Scrimgeour & Manning 2006) I compiled, with the help of CCMAU, a financial record of the crown research institutes from 1992 to 2005. In this paper I thought I would share with this audience some of the facts that emerged from the exercise and make...

R&D spending in New Zealand is a mixture of private and public investment undertaken to improve productive activity and efficiency. Investment is split fairly equally between private business, government organisations and the universities. It is a long term investment with some uncertainty about...

Previous papers at this conference over the years have dealt with trends in productivity in the total agricultural sector, the forestry sector and the dairy sector. Productivity indexes were developed by the Tornquist methodology that produces index numbers free of base year bias. Sources of...

This paper is based on an econometric model of the New Zealand meat export trade for the period 1990-2003. The model is known as a gravity model because it describes trade flows as being balanced between the respective pull of domestic and importing country size and incomes. The meat trade is...

This paper updates the results of an earlier paper (Johnson 1996) exploring productivity trends 1972-92 prepared for the OECD. Tornqvist indexes are used to compensate for changes in the mix of outputs and inputs. Capital is charged at service prices. Present indications are that labour and...

As with most agricultural products in world trade, trade in meat products is restricted by a variety of non-tariff barriers in different countries. In the case of New Zealand meat products there are quota restrictions in the USA, Canada, and EU markets and hygiene regulations of varying...

We use panel data for nine industries to evaluate research and development (R&D) investments in New Zealand over the past forty years. We estimate the impact of R&D stocks in a particular industry on output per person in that industry and on output per person in the rest of the economy. We...