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The relative decline in unskilled wages worldwide has prompted some commentators to place the blame on globalisation and trade liberalisation. A more likely cause in the New Zealand context is technical change that favours the employment of skilled labour. This hypothesis is tested using shift...
Persistent link: https://www.econbiz.de/10010289067
The government announced in late 2009 that it would freeze tariffs at current levels until 2015 at the earliest. We examine the potential costs and benefits to the New Zealand economy of this policy decision using a recently-developed dynamic computable general equilibrium (CGE) model of the New...
Persistent link: https://www.econbiz.de/10009363417
NZIER contributed the trade and investment chapter of the book Pacific Partners – The future of U.S.- New Zealand Relations. The case studies were developed to inform and illustrate the conceptual ideas presented in the chapter, and to provide real world examples of how New Zealand and U.S....
Persistent link: https://www.econbiz.de/10010895282
Assumptions on export elasticities can have a big impact on CGE model results, especially at the industry level. Export … elasticity, the greater the change in export demand following a price shift. We find that the size of the export elasticities has … assess the impacts of shocks, such as a major policy change, on measures of welfare like real consumption or GDP. The export …
Persistent link: https://www.econbiz.de/10010895290