Murthy and Ukpolo (1994) recently estimated a model of aggregate health care expenditure for the United States using cointegration techniques. Their choice of dependent variable, however, introduced the possibility of simultaneity bias in the error-correction model they presented. Their results...

Arrow's (1951) Impossibility Theorem is the idea that, given several well-known assumptions, the social orderings of particular alternatives that are meant to reflect <italic>individuals'</italic> preferences must match the preferences of an arbitrary individual (the dictator). A social-choice rule other than...

Our study suggests that women in the New Zealand general public are able to consistently evaluate and value case descriptions of advanced breast cancer using either direct methods (VAS or TTO) or the EQ-5D health state classification system. Some of the valuations elicited using the four methods...

We describe a new process for creating points systems for prioritising patients for elective health services. Beginning in 2004, the authors were closely involved in a project to develop the process, initially for coronary artery bypass graft surgery and then successively for other elective...

The effect of using gross investment data and utilized net capital stock data respectively to construct the investment-output ratio in growth equations modelling the effects of exporters and the government is demonstrated. Almost all such models in the literature use the former data, and yet, as...

This note re-examines the main finding of Creedy's (1997a) study of income dynamics in New Zealand: regression towards the mean of taxable income and negative serial correlation. The Wald tests he used to conduct statistical inference, as well as being asymptotic tests, are not invariant to...