Between 1984 and 1995 New Zealand changed from a closed and centrally controlled economy to one of the most open countries in the OECD. The reforms liberalizing the economy were notable for their very comprehensive coverage and innovations that included: performance contracts for senior civil...

We analyse determinants of bank credit losses in Australasia. Despite sizeable credit losses over the past two decades, ours is the first systematic study to do so. Analysis is based on a comprehensive dataset retrieved from original financial reports of 32 Australasian banks (1980-2005). Credit...

We examine the impact of shocks on community outcomes. The shocks that we examine are exogenous economic shocks which occur externally to the local community, and which are hypothesised to impact on the community. By testing the impact of these shocks on community developments, we enrich...

Housing is the most important component of wealth for many New Zealanders. Its location is fixed and its value is influenced by economic and other factors specific to that location. Hence when people live in owner-occupied homes their wealth is strongly associated with their local economic...

<section xml:id="fut21692-sec-0001"> What determines exporters’ exchange rate hedging decisions and do exporters attempt to “time the market?” We use a unique longitudinal dataset on firm exports to find the determinants of exporters’ currency hedging choices. Determinants include financial fragility, prior hedging...</section>

Fast internet access is widely considered to be a productivity-enhancing factor. However despite promises of substantial gains from its deployment the evidence from recent empirical studies sugests that the productivity gains may not be as large as originally hypothesised. If substantiated these...

This paper utilises two politically determined natural experiments affecting state-provided social housing to examine the impact that housing tenure status has on neighbourhood outcomes. From 1990, New Zealand’s National government sold a substantial number of state houses either to...

We examine product and market entry choices of New Zealand exporters, using an enterprise level dataset which links firm performance measures with detailed data on merchandise trade. We focus our enquiry not on the broad question of what determines a firm's ability to export, but on the...

We estimate net benefits arising from extensions to Auckland's Northern Motorway since 1991. Population, employment and land values rose substantially near the new exits and to the north of the motorway extension, relative to developments elsewhere. We use changes in land values (controlling for...