This paper investigates the effects of taxation on migration. It develops a stylized, two-country model to examine the impact of taxation on labor mobility. The theoretical prediction that taxation affects migration decisions is supported by some empirical evidence for the ASEAN and APEC...

Cover -- Contents -- Tables and Figures -- Abstract -- Acknowledgments -- Abbreviations -- Executive Summary -- I. Introduction -- II. Tax Revenue Collections -- III. Institutional Arrangements for Revenue Bodies -- A. Organizational Characteristics of Tax Administrations -- B. Relationship with...

This article assesses the effects of bank lending in a small open economy with a floating exchange rate and sticky prices. A theoretical model with costly financial intermediation is developed for New Zealand. The results show that the long-run and business cycle effects of bank lending are...

This paper reports estimates of the elasticity of taxable income with respect to the net-of-tax rate for New Zealand taxpayers. The elasticity of taxable income was estimated to be substantially higher for the highest income groups. Generally it was higher for men than for women. Changes in the...

New Zealand's reforms beginning in 1984 markedly improved the country's economic prospects. They were one of the most radical and comprehensive programmes of structural change among countries in the Organisation for Economic Co-operation and Development (OECD). This paper examines how New...

The purpose of this paper is to develop an analytical framework for discussing the link between financial systems and economic growth. Financial systems help overcome an information asymmetry between borrowers and lenders. If they do not function well, economic growth will be negatively...

One of the main indicators of inflationary pressures used by the Reserve Bank of New Zealand is the output gap. A measure of potential output is obtained using a structural vector autoregression (SVAR) methodology. The assumption that movements in output are the result of cyclical shocks arising...

One of the main indicators of inflationary pressures used by the Reserve Bank of New Zealand is the output gap. The output gap is not directly observable and estimates have to be inferred from the data. This paper evaluates whether the output gap, however measured, is a good indicator of...

New Zealand's tax system is relatively simple and transparent by international standards. But there may still be scope for reducing the costs of taxation. This paper develops a stylized model for New Zealand to evaluate the effects of reducing higher-income tax rates. The results suggest that a...