Working Papers Series

Department of Economics and Finance RePEc Working Papers Series (from 2006)

2014

14/23 Volatility Spillovers from Australia's major trading partners across the GFC by David E. Allen, Michael McAleer,
Robert J. Powell, and Abhay K. Singh.

14/22 A Monte Carlo Analysis of Alternative Meta-Analysis Estimators in the Presence of Publication Bias by W. Robert Reed, Raymond J.G.M. Florax, and Jacques Poot.

14/21 On the Invertibility of EGARCH by Guillaume Gaetan Martinet and Michael McAleer.

14/20 Asymmetric Realized Volatility Risk by David E. Allen, Michael McAleer, and Marcel Scharth.

14/19 A One Line Derivation of DCC: Application of a Vector Random Coefficient Moving Average Process by Christian M. Hafner and Michael McAleer.

14/18 On the Practice of Lagging Variables To Avoid Simultaneity by W. Robert Reed.

14/17 Advances in Financial Risk Management and Economic Policy Uncertainty: An Overview by Shawkat Hammoudeh
and Michael McAleer.

14/16 A One Line Derivation of EGARCH by Michael McAleer and Christian M. Hafner.

14/15 Survival Analysis of Very Low Birth Weight Infant Mortality in Taiwan by Chia-Lin Chang, Wei-Chen Chen,
and Michael McAleer.

14/14 Just How Good are the Top Three Journals in Finance? An Assessment Based on Quantity and Quality Citations
by
Chia-Lin Chang and Michael McAleer.

14/13 A Tourism Financial Conditions Index by Chia-Lin Chang, Hui-Kuang Hsu, and Michael McAleer.

14/12 Risk Measurement and Risk Modelling Using Applications of Vine Copulas by David E. Allen, Michael McAleer,
and Abhay K. Singh.

14/11 An Application of Correlation Clustering to Portfolio Diversification by Hannah Cheng Juan Zhan, William Rea,
and Alethea Rea.

14/10 Forecasting Co-Volatilities via Factor Models with Asymmetry and Long Memory in Realized Covariance by Manabu Asai and Michael McAleer.

14/09 Discussion of “Principal Volatility Component Analysis” by Yu-Pin Hu and Ruey Tsay by Michael McAleer.

14/08 Quality Weighted Citations Versus Total Citations in the Sciences and Social Sciences
by
Chia-Lin Chang and Michael McAleer.

14/07 Ranking Economics and Econometrics ISI Journals by Quality Weighted Citations by Chia-Lin Chang and Michael McAleer.

14/06 The House Money Effect and Negative Reciprocity by Katarína Danková and Maroš Servátka.

14/05 Transaction Costs, the Opportunity Cost of Time and Inertia in Charitable Giving by Stephen Knowles and Maroš Servátka.

14/04 Machine news and volatility: The Dow Jones Industrial Average and the TRNA sentiment series
by David E. Allen, Michael McAleer, and Abhay K. Singh.

14/03 A Tourism Conditions Index by Chia-Lin Chang, Hui-Kuang Hsu, and Michael McAleer.

14/02 The Maximum Number of Parameters for the Hausman Test When the Estimators are from Different Sets of Equations
by Kazumitsu Nawata and Michael McAleer.

14/01 Ranking Leading Econometrics Journals Using Citations Data from ISI and RePEc by Chia-Lin Chang and Michael McAleer.

2013

13/35 A Capital Adequacy Buffer Model by David Allen, Michael McAleer, Robert Powell, and Abhay Singh.

13/34 An Empirical Analysis of Sentencing Starting Points for HSE Offences by Alan Woodfield, Andrea Menclova,
and Stephen Hickson
.

13/33 A Replication of "Meta-Analysis of the Effect of Fiscal Policies on Long-Run Growth" (European Journal of Political Economy, 2004) by W. Robert Reed and Nurul Sidek.

13/32 A Note on the Practice of Lagging Variables to Avoid Simultaneity by W. Robert Reed.

13/31 A Replication of "The Political Determinants of Federal Expenditure at the State Level (Public Choice, 2005)
by Stratford Douglas and W. Robert Reed.

13/30 Risk-averse and Risk-seeking Investor Preferences for Oil Spot and Futures by Hooi Hooi Lean, Michael McAleer,
and Wing-Keung Wong.

13/29 The Centre Matters for the Periphery of Europe: The Predictive Ability of a GZ-Type Spread for Economic Activity in Europe by Alfred V Guender and Bernard Tolan.

13/27 The Impact of China on Stock Returns and Volatility in the Taiwan Tourism Industry by Chia-Lin Chang, Hui-Kuang Hsu,
and Michael McAleer.

13/25 Status Quo Effects in Fairness Games: Reciprocal Responses to Acts of Commission vs. Acts of Omission by James C. Cox, Maroš Servátka, and Radovan Vadovič.

13/24 International Technology Diffusion of Joint and Cross-border Patents by Michael McAleer, Chia-Lin Chang, and Ju-Ting Tang

13/23 Herding, Information Cascades and Volatility Spillovers in Future Markets by Michael McAleer and Kim Radalj

13/22 Risk Modeling and Management: An Overview by Chia-Lin Chang, David E. Allen, Michael McAleer, and Teodosio Perez Amaral.

13/21 Ten Things You Should Know About the Dynamic Conditional Correlation Representation by Massimiliano Caporin and Michael McAleer.

13/20 Profiteering from the Dot-com Bubble, Sub-Prime Crisis and Asian Financial Crisis by Michael McAleer, John Suen,
and Wing Keung Wong.

13/19 Central Bank Intervention and Exchange Rate Volatility: Evidence from Japan Using Realized Volatility
by
Ai-ru (Meg) Cheng, Kuntal Das, and Takeshi Shimatani.

13/18 Modeling and Simulation: An Overview by Michael McAleer, Felix Chan, and Les Oxley.

13/17 Home Heating and Asthma in New Zealand by Rachel Susan Webb and Andrea Kutinova Menclova.

13/16 Ten Things You Should Know About DCC by Massimiliano Caporin and Michael McAleer.

13/15 Forecasting Fines for Health and Safety in Employment Offences in New Zealand by Alan Woodfield, Stephen Hickson,
and Andrea Menclova.

13/14 An Empirical Analysis of Changing Guidelines for Health and Safety in Employment Sentences in New Zealand
by
Alan Woodfield, Stephen Hickson, and Andrea Menclova.

13/13 The Composition of Health and Safety in Employment Sentences in New Zealand: An Empirical Analysis by Alan Woodfield and Andrea Menclova.

13/12 Coercive Journal Self-citations, Impact Factor, Journal Influence and Article Influence by Chia-Lin Chang, Michael McAleer, and Les Oxley.

13/11 REPLICATION STUDY:   Hoover and Pecorino (Public Choice, 2005) by Stratford Douglas and W. Robert Reed.

13/10 What Do Experts Know About Forecasting Journal Quality? A Comparison with ISI Research Impact in Finance
by
Chia-Lin Chang and Michael McAleer.

13/09 Statistical Modelling of Extreme Rainfall in Taiwan by Lan-Fen Chu, Michael McAleer, and Ching-Chung Chang.

13/08 Has the Basel Accord Improved Risk Management During the Global Financial Crisis? by Michael McAleer,
Juan-Ángel Jiménez-Martín, and Teodosio Pérez-Amaral.

13/07 Modeling the Effects of Oil Prices on Global Fertilizer Prices and Volatility by Ping-Yu Chen, Chia-Lin Chang, Chi-Chung Chen, and Michael McAleer.

13/06 Recent Developments in Financial Economics and Econometrics: An Overview by Chia-Lin Chang, David Allen,
and Michael McAleer.

13/05 REPLICATION STUDY: Toya and Skidmore (Economics Letters, 2007) by W. Robert Reed and Robert Mercer.

13/04 Is Small Beautiful? Size Effects of Volatility Spillovers for Firm Performance and Exchange Rates in Tourism
by Chia-Lin Chang, Hui-Kuang Hsu and Michael McAleer.

13/03 Buybacks versus Ordinary Dividends: Marginal Investor Reactions to Cash-return Announcements by Warwick Anderson and Samuel McLaughlin.

13/02 Event Studies in thinly-traded markets: An improvement to the market model by Warwick Anderson.

13/01 The role of mid-year dividends as predictors of yearly earnings by Warwick Anderson.

2012

12/19 Statistical Modeling of Recent Changes in Extreme Rainfall in Taiwan by Lan-Fen Chu, Michael McAleer and Szu-Hua Wang.

12/18 Dealing with Trading Thinness in Event Studies: An Improved Trade-to-Trade Model by Warwich Anderson.

12/17 An Examination of the Effect of Messages on Cooperation under Double-Blind and Single-Blind Payoff Procedures
by Cary Deck, Maroš Servátka, and Steven Tucker.

12/16 Group Identity and Relation-Specific Investment: An Experimental Investigation by Hodaka Morita and Maroš Servátka.

12/15 How Volatile is ENSO for Global Greenhouse Gas Emissions And the Global Economy? by Lan-Fen Chu, Michael McAleer and Chi-Chang Chen.

12/14 ABC on Deals by Martin Dufwenberg, Maroš Servátka, and Radovan Vadovič.

12/13 Journal Impact Factor, Eigenfactor, Journal Influence and Article Influence by Chia-Lin Chang, Michael McAleer,
and Les Oxley.

12/12 Evaluating Macroeconomic Forecasts: A Concise Review of Some Recent Developments by Philip Hans Franses,
Michael McAleer
, and Rianne Legerstee.

12/11 Ranking Journal Quality by Harmonic Mean of Ranks: An Application to ISI Statistics & Probability by Chia-Lin Chang and Michael McAleer.

12/10 Risk Management and Financial Derivatives: An Overview by Shawkat Hammoudeh and Michael McAleer.

12/09 Modelling Long Memory Volatility in Agricultural Commodity Futures Returns by Chia-Lin Chang, Michael McAleer, and Roengchai Tansuchat.

12/08 Information Asymmetry, Market Segmentation and Cross-Listing: Implicatons for Event Study Methodology by Lulu Gu and W. Robert Reed.

12/07 Chinese Overseas M&A Performance and the Go Global Policy by Lulu Gu and W. Robert Reed.

12/06 Robust Ranking of Multivariate GARCH Models by Problem Dimension by Massimiliano Caporin and Michael McAleer.

12/05 Robust Ranking of Journal Quality: An Application to Economics by Chia-Lin Chang, Esfandiar Maasoumi,
and Michael McAleer

12/04 Forecasting Value-at-Risk Using Block Structure Multivariate Stochastic Volatility Models by Manabu Asai,
Massimiliano Caporin, and Michael McAleer.

12/03 A comparison of Spillover Effects before, during and after the 2008 Financial Crisis by Alethea Rea, William Rea,
Marco Reale, and Carl Scarrott.

12/02 What do Experts Know About Ranking Journal Quality? A Comparison with ISI Research Impact in Finance
by Chia-Lin Chang and Michael McAleer.

12/01 Status Quo Effects in Fairness Games: Acts of Commission vs. Acts of Omission by James C. Cox, Maroš Servátka and Radovan Vadovič.

2011

11/44 A Method for Inferring Batting Conditions in ODI Cricket from Historical Data by Scott Brooker and Seamus Hogan.

11/43 How Should Journal Quality be Ranked? An Application to Agricultural, Energy, Environmental and Resource Economics by Chia-Lin Chang and Michael McAleer.

11/42 Volatility Spillovers from the Chinese Stock Market to Economic Neighbours
by David E. Allena, Ron Amrama, and Michael McAleer.

11/41 Using Online Assessment to Replace Invigilated Assessment in Times of a Natural Disaster - Are Some Online Assessment Conditions Better than Others? by Stephen Hickson and Stephen Agnew.

11/40 Assigning Grades During an Earthquake - Shaken or Stirred?
by
Stephen Hickson and Stephen Agnew.

11/39 Do People Keep Socially Unverifiable Promises? by Cary Deck, Maroš Servátka, and Steven Tucker.

11/38 Symbols, Group Identity and the Hold-up Problem by Hodaka Morita and Maroš Servátka.

11/37 Chinese Overseas M&A Performance and the Go Global Policy by Lulu Gu and W. Robert Reed.

11/36 New Zealand Corporate Boards in Transition: Composition, Activity and Incentives Between 1995 and 2010 by Glenn Boyle and Xu (Jane) Ji.

11/35 Socio-economic Diversity, Social Capital, and Tax Filing Compliance in the United States
by
James Alm, Jeremy Clark, and Kara Leibel.

11/34 Does Higher Social Diversity Affect People’s Contributions to Local Schools? Evidence from New Zealand
by
Hayden Armstrong and Jeremy Clark.

11/33 One For All or All For One? Using Multiple-listing Information in Event Studies by Lulu Gu and Robert Reed.

11/32 The Rise and Fall of S&P500 Variance Futures by Chia-Lin Chang, Juan-Angel Jimenez-Martin, Michael McAleer, and Teodosio Perez Amaral.

11/31 How Competitive are Female Professionals? A Tale of Identity Conflict
by
Bram Cadsby, Maroš Servátka, and Fei Song.

11/29 The Cost of Cost Studies by Eric Crampton, Matt Burgess and Brad Taylor.

11/28 GFC-Robust Risk Management Under the Basel Accord Using Extreme Value Methodologies
by Paulo Araújo Santos, Juan-Ángel Jiménez-Martín, Michael McAleer, and Teodosio Pérez Amaral.

11/27 Citations and Impact of ISI Tourism and Hospitality Journals by Chia-Lin Chang and Michael McAleer.

11/26 Risk Management of Risk Under the Basel Accord: A Bayesian Approach to Forecasting Value-at-Risk of VIX Futures
by
Roberto Casarin, Chia-Lin Chang, Juan-Ángel Jiménez-Martín, Michael McAleer, and Teodosio Pérez-Amaral.

11/25 Analyzing Fixed-event Forecast Revisions by Philip Hans Franses, Chia-Lin Chang, and Michael McAleer.

11/24 The Dynamics of Energy-Grain Prices with Open Interest by Shawkat Hammoudeh, Soodabeh Sarafrazi, Chia-Lin Chang,
and Michael McAleer.

11/23 Ranking Multivariate GARCH Models by Problem Dimension: An Empirical Evaluation
by
Massimiliano Caporin and Michael McAleer.

11/22 Forecasting Value-at-Risk Using Nonlinear Regression Quantiles and the Intra-day Range
by
Cathy W. S. Chen, Richard Gerlach, Bruce B. K. Hwang, and Michael McAleer.

11/21 Chinese Dairy Farm Performance and Policy Implications in the New Millennium by Hengyun Ma, Les Oxley, Shanmin Guo, Huacang Tang, Yiping Wu, Jikun Huang, Allan Rae, and Scott Rozelle.

11/20 Instrument Versus Target Rules As Specifications of Optimal Monetary Policy: What are the Issues, If Any?
by
Richard T. Froyen and Alfred V. Guender.

11/19 The Timeless Perspective vs. Discretion: Theory and Monetary Policy Implications for an Open Economy
by
Alfred V. Guender.

11/18 CPI Inflation Targeting and the UIP Puzzle: An Appraisal of Instrument and Target Rules by Alfred V. Guender.

11/17 Risk Spillovers in Oil-Related CDS, Stock and Credit Markets by Shawkat Hammoudeh, Tengdong Liu, Chia-Lin Chang,
and Michael McAleer.

11/16 Evaluating Individual and Mean Non-Replicable Forecasts by Chia-Lin Chang, Philip Hans Franses, and Michael McAleer.

11/15 Causality Between Market Liquidity and Depth for Energy and Grains by Ramazan Sari, Shawkat Hammoudeh, Chia-Lin Chang, and Michael McAleer.

11/14 Comment on “Promises and Partnership” by Cary Deck, Maroš Servátka, and Steven Tucker.

11/13 Words Speak Louder Than Money by Maroš Servátka, Steven Tucker, and Radovan Vadovič.

11/12 Risk Management of Risk under the Basel Accord: Forecasting Value-at-Risk of VIX Futures
by
Chia-Lin Chang, Juan-Ángel Jiménez-Martín, Michael McAleer, and Teodosio Pérez-Amaral.

11/11 Estimating the Leverage Parameter of Continuous-time Stochastic Volatility Models Using High Frequency S&P 500 and VIX by Isao Ishida, Michael McAleer, and Kosuke Oya.

11/10 An Examination of Frank Wolak’s Model of Market Power and its Application to the New Zealand
Electricity Market
by Lewis Evans and Graeme Guthrie.

11/09 A Critique of Wolak’s Evaluation of the NZ Electricity Market: The Incentive to Exercise Market Power with Elastic Demand and Transmission Loss by Seamus Hogan and Peter Jackson.

11/08 A Critique of Wolak’s Evaluation of the NZ Electricity Market: Introduction and Overview
by
Lewis Evans, Seamus Hogan, and Peter Jackson.

11/07 An Experimental Study of Bubble Formation in Asset Markets Using the Tâtonnement Trading Institution
by
Volodymyr Lugovskyy, Daniela Puzzello, and Steven Tucker.

11/06 How are Journal Impact, Prestige and Article Influence Related? An Application to Neuroscience by Chia-Lin Chang, Michael McAleer, and Les Oxley.

11/05 International Evidence on GFC-robust Forecasts for Risk Management under the Basel Accord by Michael McAleer,
Juan-Ángel Jiménez-Martín, and Teodosio Pérez-Amaral.

11/04 The Impact of Agricultural Technology Adaption on Income Inequality in Rural China
by Shijun Ding, Laura Meriluoto, Robert Reed, Dayun Tao, and Haitao Wu.

11/03 Using Model Selection Algorthims to Obtain Reliable Coefficient Estimates by Jennifer Castle, Xiaochuan Qin,
and W. Robert Reed.

11/02 More Evidence on the Use of Constructed-Response Questions in Principles of Economics Classes by Stephen Hickson and W. Robert Reed.

11/01 Group Identity and Relation-Specific Investment: An Experimental Investigation by Hodaka Morita and Maroš Servátka.

2010

10/79 Structure and Asymptotic Theory for Nonlinear Models with GARCH Errors by Felix Chan, Michael McAleer
and Marcelo C. Medeiros.

10/78 Asymmetric Adjustments in the Ethanol and Grains Markets by Chia-Lin Chang, Li-Hsueh Chen, Shawkat Hammoudeh
and Michael McAleer.

10/77 Testing the Box-Cox Parameter for an Integrated Process by Jian Huang, Masahito Kobayashi and Michael McAleer.

10/76 Dynamic Conditional Correlations for Asymmetric Processes by Manabu Asai and Michael McAleer.

10/75 What Makes a Great Journal Great in the Sciences? Which Came First, the Chicken or the Egg? by Chia-Lin Chang,
Michael McAleer
and Les Oxley.

10/74 Evaluating Combined Non-Replicable Forecasts by Chia-Lin Chang, Philip Hans Franses and Michael McAleer.

10/73 Thresholds, News Impact Surfaces and Dynamic Asymmetric Multivariate GARCH by Massimiliano Caporin
and Michael McAleer.

10/72 Operating Procedures and the Expectations Theory of the Term Structure of Interest Rates: A Note on the New Zealand Experience from 1989 to 2008 by Alfred Guender and Allan G.J. Wu.

10/71 Monetary policy implementation and uncovered interest parity: empirical evidence from Oceania by Alfred Guender
and Bevan Cook.

10/70 Alternative Asymmetric Stochastic Volatility Models by Manabu Asai and Michael McAleer.

10/69 To Use Constructed-Response Questions, Or Not To Use Constructed-Response Questions? That Is The Question
by
Stephen Hickson, W. Robert Reed, and Nicholas Sander.

10/68 The Effect of Entitlements and Equality on Cooperative Bargaining with Private, Unverifiable Information
by
Christopher Bruce and Jeremy Clark.

10/67 Journal Impact Factor Versus Eigenfactor and Article Influence by Chia-Lin Chang, Michael McAleer, and Les Oxley.

10/66 Robust Estimation and Forecasting of the Capital Asset Pricing Model by Guorui Bian, Michael McAleer
and Wing-Keung Wong.

10/65 Moment Restriction-based Econometric Methods: An Overview by Naoto Kunitomo, Michael McAleer
and Yoshihiko Nishiyama.

10/64 Predicting Student Achievement In Intermediate University Economics From Principles Assessments by Stephen Hickson.

10/63 GFC-Robust Risk Management Strategies under the Basel Accord by Michael McAleer, Juan-Ángel Jiménez-Martín
and Teodosio Pérez-Amaral.

10/62 Revenue Sharing as Compensation for Essential Inputs by Richard Watt.

10/61 Allocative Downside Risk Aversion by Richard Watt and Francisco J. Vazquez.

10/60 Asymmetry and Long Memory in Volatility Modelling by Manabu Asai, Michael McAleer and Marcelo C. Medeiros.

10/59 A New Existence and Uniqueness Theorem for Continuous Games by Seamus Hogan.

10/58 Model Selection and Testing of Conditional and Stochastic Volatility Models by Massimiliano Caporin and Michael McAleer.

10/56 Cliometrics and Time Series Econometrics: Some Theory and Applications by David Greasley and Les Oxley.

10/55 Modeling the Effect of Oil Price on Global Fertilizer Prices by Ping-Yu Chen, Chia-Lin Chang, Chi-Chung Chen
and Michael McAleer.

10/54 Globalization and Knowledge Spillover: International Direct Investment, Exports and Patents by Chia-Lin Chang,
Sung-Po Chen, and Michael McAleer.

10/53 The PCSE Estimator is Good -- Just Not as Good as You Think by W. Robert Reed and Rachel Webb.

10/52 Piety and Profits: Stock Market Anomaly during the Muslim Holy Month by Jedrzej Bialkowski, Ahmad Etebari
and Tomasz Piotr Wisniewski.

10/51 The Fixed Price Offer Mechanism in Trade Me Online Auctions by Seamus Hogan, Hamish Kidd, Laura Meriluoto,
and Andrew Smith.

10/50 A Simpler Approach to Boolean Algebra and the Sentential Connectives by Philip Meguire.

10/49 Does tenure review in New Zealand’s South Island give rise to rents? by Ann Brower and Philip Meguire.

10/48 A Note on the Probability of Winning a Lottery when the Number of Competitors is a Binomial Random Variable
by
Seamus Hogan and Laura Meriluoto.

10/47 How does Zinfluence Affect Article Influence? by Chia-Lin Chang, Michael McAleer, and Les Oxley.

10/46 Modeling the Volatility in Global Fertilizer Prices by Ping-Yu Chen, Chia-Lin Chang, Chi-Chung Chen, and Michael McAleer.

10/45 Wolves in the Hen-House? The Consequences of Formal CEO Involvement in the Executive Pay-Setting Process
by
Glenn Boyle and Helen Roberts.

10/44 Article Influence Score = 5YIF divided by 2 by Chia-Lin Chang, Michael McAleer, and Les Oxley.

10/43 What Makes a Great Journal Great in Economics? The Singer Not the Song by Chia-Lin Chang, Michael McAleer,
and Les Oxley.

10/42 Ten Things We Should Know About Time Series by Michael McAleer and Les Oxley.

10/41 The Impact of Agricultural Technology Adoption of Income Inequality in Rural China
by Shijun Ding, Laura Meriluoto, W. Robert Reed, Dayun Tao, and Haitao Wu.

10/40 Modelling the Volatility in Short and Long Haul Japanese Tourist Arrivals to New Zealand and Taiwan by Chia-Lin Chang, Michael McAleer, and Christine Lim.

10/39 Modelling the Asymmetric Volatility in Hog Prices in Taiwan: The Impact of Joining the WTO
by Chia-Lin Chang, Biing-Wen Huang, Meng-Gu Chen, and Michael McAleer.

10/38 Modelling Conditional Correlations in the Volatility of Asian Rubber Spot and Futures Returns
by Chia-Lin Chang, Thanchanok Khamkaew, Michael McAleer, and Roengchai Tansuchat.

10/37 Risk Management of Precious Metals by Shawkat Hammoudeh, Farooq Malik and Michael McAleer.

10/36 Great Expectatrics: Great Papers, Great Journals, Great Econometrics by Chia-Lin Chang,
Michael McAleer
and Les Oxley.

10/35 Combining Non-Replicable Forecasts by Chia-Lin Chang, Philip Hans Franses and Michael McAleer.

10/34 Ranking Multivariate GARCH Models by Problem Dimension by Massimiliano Caporin and
Michael McAleer
.

10/33 Exchange Rate and Industrial Commodity Volatility by Shawkat M.Hammoudeh, Yuan Yuan and Michael McAleer.

10/32 Thresholds, News Impact Surfaces and Dynamic Asymmetric Multivariate GARCH
by Massimiliano Caporin and Michael McAleer.

10/31 How Volatile is ENSO? by Lan Fen Chu, Michael McAleer and Chi-Chung Chen.

10/30 Estimating the Impact of Whaling on Global Whale Watching by Hsiao-I Kuo, Chi-Chung Chen and Michael McAleer.

10/29 Value-at-Risk for Country Risk Ratings by Michael McAleer, Bernardo da Veiga, and Suhejla Hoti.

10/28 Forecasting Realized Volatility with Linear and Nonlinear Univariate Models by Michael McAleer and Marcelo C. Medeiros.

10/27 Interdependence of International Tourism Demand and Volatility in Leading ASEAN Destinations by Chia-Lin Chang, Thanchanok Khamkaew, Michael McAleer, and Roengchai Tansuchat.

10/26 Realized Volatility Risk by David E. Allen, Michael McAleer, and Marcel Scharth.

10/25 Chinese Overseas M&A Performance and the go Global Policy by Lulu Gu and W. Robert Reed.

10/24 Block Structure Multivariate Stochastic Volatility Models by Manabu Asai, Massimiliano Caporin and Michael McAleer.

10/23 Identifying Shocks in Regionally Integrated East Asian Economies with Structural VAR and Block Exogeneity
by
Kiyotaka Sato, Zhaoyong Zhang and Michael McAleer.

10/22 Investor Preferences for Oil Spot and Futures Based on Mean-Variance and Stochastic Dominance by Hooi Hooi Lean, Michael McAleer and Wing-Keung Wong.

10/21 Modelling and Forecasting Noisy Realized Volatility by Manuabu Asai, Michael McAleer and Marcelo C. Medeiros.

10/20 A Trinomial Test for Paired Data When There are Many Ties by Guorui Bian, Michael McAleer, and Wing-Keung Wong.

10/19 Analyzing and Forecasting Volatility Spillovers, Asymmetries and Hedging in Major Oil Markets
by Chia-Lin Chang, Michael McAleer, and Roengchai Tansuchat.

10/18 Market Efficiency of Oil Spot and Futures: A Mean-Variance and Stochastic Dominance Approach
by Hooi Hooi Lean, Michael McAleer and Wing-Keung Wong.

10/17 A Note on Log Concave Survivor Functions in Auctions by Seamus Hogan and Laura Meriluoto.

10/16 How Accurate are Government Forecasts of Economic Fundamentals? The Case of Taiwan
by Chia-Lin Chang, Philip Hans Franses and Michael McAleer.

10/15 A Simple Expected Volatility (SEV) Index: Application to SET50 Index Options
by Michael McAleer and Chatayan Wiphatthanananthakul.

10/14 The Emergence and Evolution of Regional Convergence Clusters in China’s Energy Markets
by Hengyun Ma and Les Oxley.

10/13 IV Estimation of a Panel Threshold Model of Tourism Specialization and Economic Development
by Chia-Lin Chang, Thanchanok Khamkaew and Michael McAleer.

10/12 Are Forecast Updates Progressive? by Chia-Lin Chang, Philip Hans Franses, and Michael McAleer.

10/11 Estimating Price Effects in an Almost Ideal Demand Model of Outbound Thai Tourism to East Asia by Chia-Lin Chang, Thanchanok Khamkaew, and Michael McAleer.

10/10 The Impact of Question Format in Principle of Economics Classes: Evidence from New Zealand
by Stephen Hickson.

10/09 Evaluating Macroeconomic Forecasts: A Review of Some Recent Developments
by
Philip Hans Franses, Michael McAleer, and Rianne Legerstee.

10/08 Comparing Ambiguous Inferences When Probabilities are Imprecise by John Fountain and
Philip Gunby.

10/07 Does Competition Resolve the Free-Rider Problem in the Voluntary Provision of Impure Public Goods? Experimental Evidence by Tibor Neugebauer and Maroš Servátka.

10/06 Do We Really Need Both BEKK and DCC? A Tale of Two Multivariate GARCH Models
by Massimiliano Caporin and Michael McAleer.

10/05 Time Series Modelling of Tourism Demand from the USA, Japan and Malaysia to Thailand
by Yaovarate Chaovanapoonphol, Christine Lim, Michael McAleer and Aree Wiboonpongse.

10/04 Conditional Correlations and Volatility Spillovers Between Crude Oil and Stock Index Returns
by Roengchai Tansuchat, Chia-Lin Chang and Michael McAleer.

10/03 Crude Oil Hedging Strategies Using Dynamic Multivariate GARCH by Roengchai Tansuchat,
Chia-Lin Chang, and Michael McAleer.

10/02 Aggregation, Heterogeneous Autoregression and Volatility of Daily International Tourist Arrivals and Exchange Rates by Chia-Lin Chang and Michael McAleer.

10/01 A Note on Nonlinear Cointegration, Misspecification and Bimodality by M.C. Medeiros, E. Mendes and Les Oxley.

Top

2009

09/20 Sharing a Risky Cake by David R. Baqaee.

09/19 An Experimental Study of Bubble Formation in Asset Markets Using the Tâtonnement Pricing Mechanism by Volodymyr Lugovskyy, Daniela Puzzello and Steven Tucker.

09/18 Estimating Standard Errors For The Parks Model: Can Jackknifing Help? by W. Robert Reed and Rachel S. Webb.

09/17 An Empirical Analysis of Health and Safety in Employment Sentencing in New Zealand
by Andrea Menclova and Alan Woodfield.

09/16 Gender and Generosity: Does Degree of Anonymity or Group Gender Composition Matter?
by C. Bram Cadsby, Maroš Servátka, and Fei Song.

09/15 Bayesian Extreme Value Mixture Modelling for Estimating VaR by Xin Zhao, Carl John Scarrott, Marco Reale, and Les Oxley.

09/14 Unequal Outside Options in the Lost Wallet Game (Revison of 08/06) by Maroš Servátka and Radovan Vadovič.

09/13 How To Pick The Best Regression Equation: A Review And Comparison Of Model Selection Algorithms by Jennifer L. Castle, Xiaochuan Qin and W. Robert Reed.

09/12 Punishment with Uncertain Outcomes in the Prisoner’s Dilemma by Peter Duersch and
Maroš Servátka
.

09/11 Building Trust One Gift at a Time by Maroš Servátka, Steven Tucker and Radovan Vadovič.

09/10 The Price of Everything, The Value of Nothing: A (Truly) External Review Of BERL’s Study Of Harmful Alcohol and Drug Use by Eric Crampton and Matt Burgess.

09/09 The Effect of Neighbourhood Diversity on Volunteering: Evidence from New Zealand
by Jeremy Clark and Bonggeun Kim.

09/08 Do Constructed-Response and Multiple-Choice Questions Measure the Same Thing?
by Stephen Hickson and W. Robert Reed.

09/07 Shocks and Relationships by Ninghua Du and Maroš Servátka.

09/06 A New Sufficient Condition for Uniqueness in Continuous Games by Seamus Hogan.

09/05 Extreme Value GARCH modelling with Bayesian Inference by Les Oxley, Marco Reale,
Carl Scarrott and Xin Zhao.

09/04 Innovation in New Zealand: Issues of Firm Size, Local Market Size and Economic Geography
by Philip McCann, Les Oxley and Hong Shangqin.

09/03 Saliency of Outside Options in the Lost Wallet Game by James C. Cox, Maroš Servátka and Radovan Vadovič.

09/02 China’s Energy Economy: A Survey of the Literature by Hengyun Ma and Les Oxley.

09/01 China’s Energy Situation and Its Implications in the New Millennium by Hengyun Ma, Les Oxley and John Gibson.

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2008

08/22 Physical stature and its interpretation in nineteenth century New Zealand by Kris Inwood,
Les Oxley
and Evan Roberts.

08/21 Spam - solutions and their problems by Curtis B. Eaton, Ian A. MacDonald, Laura Meriluoto.

08/20 Existence Advertising, Price Competition, and Asymmetric Market Structure by Curtis B. Eaton, Ian A. MacDonald and Laura Meriluoto.

08/19 Constructing Structural VAR Models with Conditional Independence Graphs by Les Oxley,
Marco Reale and Granville Tunnicliffe Wilson.

08/18 Words Speak Louder Than Money by Maroš Servátka, Steven Tucker and Radovan Vadovič.

08/17 On Estimating Marginal Tax Rates and Tax Progressivities for U.S. States by W. Robert Reed, Cynthia L. Rogers and Mark Skidmore.

08/16 A New Procedure to Test for H Self-Similarity by Les Oxley, Chris Price, William Rea and
Marco Reale.

08/15 Re-inventing New Zealand: Institutions Output and Patents 1870-1939 by David Greasley and
Les Oxley
.

08/14 Industrial Agglomeration, Geographic Innovation and Total Factor Productivity: The Case of Taiwan by Chia-Lin Chang and Les Oxley.

08/13 The Empirical Properties of Some Popular Estimators of Long Memory Processes
by Jennifer Brown, Les Oxley, William Rea and Marco Reale.

08/12 Testing for Energy Market Integration in China by Hengyun Ma, Les Oxley and John Gibson.

08/11 Strategic Use of Trust by Maroš Servátka, Steven Tucker and Radovan Vadovič.

08/10 Is the Growing Skill Premium a Purely Metropolitan Issue? by Chul Chung, Jeremy Clark and Bonggeun Kim.

08/09 The Effect of Historical Entitlements in Cooperative Bargaining Over Evironment Policy: An Experimental Test by Christopher Bruce and Jeremy Clark.

08/08 The Efficiency of Direct Public Involvement in Environmental Policymaking: An Experimental Test by Christopher Bruce and Jeremy Clark.

08/07 The (non)Theory of the Knowledge Firm by Paul Walker.

08/06 Does Fairness of the Outside Option Matter? by Maroš Servátka and Radovan Vadovič.

08/05 Some New Approaches to Forecasting the Price of Electricity: A Study of Californian Market
by Eduardo Mendes, Les Oxley, and Marco Reale.

08/04 Long memory or shifting means? A new approach and application to realised volatility
by Willam Rea, Les Oxley, Marco Reale, and Eduardo Mendes.

08/03 The Knowledge Economy/Society: The Latest Example of "Measurement Without Theory"?
by Les Oxley, Paul Walker, David Thorns, and Hong Wang.

08/02 The Pastoral Boom, the Rural Land Market, and Long Swings in New Zealand Economic Growth 1873-1939 by David Greasley and Les Oxley.

08/01 China's Energy Economy: Technical Change, Factor Demand and Interfactor/Interfuel Substitution by Hengyun Ma, Les Oxley, John Gibson, and Bonggeun Kim.

2007

07/06 Understanding Credit Risk: A Classroom Experiment by Maroš Servátka and George Theocharides.

07/05 The Implementation of Monetary Policy in New Zealand: What Factors Affect the 90-Day Bank Bill Rate? by Alfred Guender & Oyvinn Rimer.

07/04 How Conservative Does the Central Banker Have to Be? On the Treatment of Expectations under Discretionary Policymaking by Alfred Guender.

07/03 Does Generosity Generate Generosity? An Experimental Study of Reputation Effects in a Dictator Game by Maroš Servátka

07/02 Boundary Algebra: A Simple Notation for Boolean Algebra and the Truth Functors
by Philip Meguire.

07/01 A Monte Carlo Evaluation of Some Common Panel Data Estimators when Serial Correlation and Cross-sectional Dependence are Both Present by W. Robert Reed & Haichun Ye.

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2006

06/16 Is There an Exchange Rate Channel in the Forward-Looking Phillips Curve? A Theoretical and Empirical Investigation by Alfred V. Guender & Yu Xie.

06/15 A Comparative Analysis of the Stabilizing Properties of Nominal Income Growth Targeting
by Alfred V. Guender.

06/14 A Monte Carlo Evaluation of the Efficiency of the PCSE Estimator by Xiujian Chen & Shu Lin &
W. Robert Reed.

06/13 The Robust Relationship Between Taxes and State Economic Growth by W. Robert Reed.

06/12 The Effects of Unemployment on Childbearing by Andrea Kutinova.

06/11 What About Mom? The Forgotten Beneficiary of the Medicaid Expansions by Karen Smith Conway & Andrea Kutinova.

06/10 Paternity Deferments and the Timing of Births: U.S. Natality During the Vietnam War
by Andrea Kutinova.

06/09 Overconfidence in Forecasts of Own Performance: An Experimental Study by Jeremy Clark & Lana Friesen.

06/08 Paying Vs. Waiting in the Pursuit of Specific Egalitarianism by Jeremy Clark & Bonggeun Kim.

06/07 Differential Time and Money Pricing as a Mechanism for In-kind Redistribution by Jeremy Clark & Bonggeun Kim.

06/06 The Causes of Order Effects in Contingent Valuation Surveys: An Experimental Investigation
by Jeremy Clark & Lana Friesen.

06/05 The Determinants of U. S. State Economic Growth: A Less Extreme Bounds Analysis
by W. Robert Reed

06/04 Another Look at what to do with Time-series Cross-section Data by Xiujian Chen & Shu Lin &
W. Robert Reed.

06/03 Incentives and the Changing Structure of Penalties in New Zealand's Health and Safety in Employment Act by Paul Gordon & Alan E. Woodfield.

06/02 Ex Ante Liability Rules in New Zealand's Health and Safety in Employment Act: A Law and Economics Analysis by Paul Gordon & Alan E. Woodfield.

06/01 Piracy Accommodation and the Optimal Timing of Royalty Payments by Alan E. Woodfield.

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Papers by current staff that appear in working papers series other than the Department's RePEc series (from 2007)

2008

08/02 Existence Advertising, Price Competition, and Asymmetric Market Structure, Department of Economics, University of Calgary, Working Paper 2008-09, by B. Curtis Eaton, Ian MacDonald and
Laura Meriluoto.

08/01 Spam - Solutions and their Problems, Department of Economics, University of Calgary, Working Paper 2008-09, by Curtis Eaton, Ian MacDonald and Laura Meriluoto.

2007

No.2007/01: Vertical Integration and Market Power in Electricity Markets, New Zealand Institute for the Study of Competition and Regulation, Research Paper, 19 February 2007 by Seamus Hogan and Richard Meade.

No.2007/02: Separating Reputation, Social Influence, and Identification Effects in a Dictator Game, University of Arizona working paper Econ-WP-07-03, 2007, by Maros Servatka.

No.2007/03: Risky Punishment and Reward in the Prisoner’s Dilemma, University of Heidelberg discussion paper No. 451, 2007, by Peter Duersch and Maros Servatka.

Department of Economics Discussion Paper Series
(1991-2005)

Note: A number of Department of Economics Discussion papers prior to 2002 are only available in hard copy form. Copies of these Discussion Papers may be obtained by writing to:

The Secretary,
Department of Economics,
University of Canterbury,
Private Bag 4800,
Christchurch, New Zealand

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1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997
1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005


2005

No.2005/01: Stabilising Properties of Discretionary Monetary Policies: Domestic vs. CPI Inflation Targets (PDF, 270KB)), by Alfred V. Guender. [Abstract]

No.2005/02: On Optimal Monetary Policy Rules and the Construction of MCIs in the Open Economy (Rev. 2001-3) (PDF, 382KB), by Alfred V. Guender. [Abstract]

No.2005/03: On Discretion versus Commitment and the Role of the Direct Exchange Rate Channel in a Forward-Looking Open Economy Model (Rev. 2003-1) (PDF, 408KB), by Alfred V. Guender. [Abstract]

No.2005/04: Price Stability through Price-Level Targeting or Inflation Targeting? A Tale of Two Experiments (PDF, 207KB), by Alfred V. Guender and Do Yoon Oh. [Abstract]

No.2005/05: “Leaning With the Wind”? An Open-Economy Example (PDF, 571KB), by Alfred V. Guender. [Abstract]

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2004

No.2004/01: The Wage Gap between Metropolitan and Non-metropolitan Areas (PDF, 200KB), by Bonggeun Kim. [Abstract]

No.2004/02: Microeconomic Theory and the Kullback-Liebler Discrepancy: Some Remarkable Connections (PDF, 34KB), by John Fountain and Peter E. Kennedy. [Abstract]


2003

No.2003/01: On Discretion versus Commitment and the Role of the Direct Exchange Rate Channel in a Forward-Looking Open Economy Model (PDF, 113KB), by Alfred V. Guender. [Abstract]

No.2003/02: Your Money or Your Time: Pricing, Queuing and Merit Good Egalitarianism (PDF, 280KB), by Jeremy Clark and Bonggeun Kim. [Abstract]

No.2003/03: Bleak Expectations: the Role of Pessimism in Smoking, Hazardous Drinking and Exercise (PDF, 326KB), by Jeremy Clark, Richie Poulton and Barry Milne. [Abstract]

No.2003/04: Rational Expectations of Own Performance: An Experimental Study (PDF, 78KB), by Jeremy Clark and Lana Friesen. [Abstract]

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2002

No.2002/01: Measuring Risk Relatively (PDF, 156KB) , by John Fountain. [Abstract]

No.2002/02: Eliciting Beliefs from Risk Averse Forecasters Using a Log Scoring Rule (PDF, 112KB), by John Fountain.

No.2002/03: Design Flaws in the Construction of Monetary Conditions Indices? A Cautionary Note (PDF, 124KB), by Alfred V. Guender and Troy D. Matheson. [Abstract]


2001

No.2001/01: The Underlining Game, by Alan Woodfield.

No.2001/02: Negligence 'In the Air' and New Zealand's Health and Safety in Employment Act: A Law and Economics Analysis,
by Paul Gordon and Alan Woodfield.

No.2001/03: On Optimal Monetary Policy Rules and the Role of MCIs in the Open Economy (PDF, 133KB), by Alfred V. Guender. [Abstract]

No.2001/04: Inflation Targeting in the Open Economy: Which Rate of Inflation to Target? (PDF, 407KB), by Alfred V. Guender. [Abstract]

No.2001/05: Optimal Monetary Policy under Inflation Targeting Based on an Instrument Rule (PDF, 108KB), by Alfred V. Guender. [Abstract]

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2000

No.2000/01: Do Words Speak Louder than Actions? Monetary Policy at the Bundesbank, by Pierre L Siklos and Martin T Bohl.

No.2000/02: Trade Union Objectives and Economic Growth (PDF, 206KB), by Andreas Irmen and Berthold U. Wigger. [Abstract]

No.2000/03: On the Performance of Nominal Income Targeting as a Strategy for Monetary Policy in a Small Open Economy, by Alfred V. Guender and Julie Tam.

No.2000/04: A Finance Theory of Monetary Policy in a World Without Money, by Paul Dalziel.

No.2000/05: Technological Accidents: Learning from Disaster (PDF, 175KB), by Robin Cowan, Emmanuelle Fauchart, Dominique Foray and Philip Gunby.


1999

No.9901: Price Level Convergence Among United States Cities: Lessons for the European Central Bank (PDF, 638KB), by Stephen G. Cecchetti, Nelson C. Mark and Robert Sonora. [Abstract]

No.9902: Nominal Income Targeting vs Strict Inflation Targeting: A Comparison (PDF, 102KB), by Alfred V. Guender. [Abstract]

No.9903: The Inflationary Bias in a Model of the Open Economy (PDF, 43KB), by Alfred V. Guender and Sharon McCaw. [Abstract]

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No.9904: In Search of Ethical Preferences in Private Markets: The Demand for Chilean Wine in Canada from 1962 to 1994, by Jeremy Clark.

No.9905: The Effects of Altruism on the Efficiency of Public Good Mechanisms, by Jeremy Clark.

No.9906: House Money Effects in Public Goods Experiments, by Jeremy Clark.

No.9907: Recognizing Large Donations to Public Goods: An Experimental Test, by Jeremy Clark.

No.9908: Money Demand Functions: Data Span and Tests (Revised: 08/00) (PDF, 276KB), by Alfred A. Haug. [Abstract] (152,776 bytes)

No.9909:Augmenting Reference Pricing of Pharmaceuticals with Strategic Cross-Product Agreements: The Case of Statins and Ace Inhibitors in New Zealand (PDF, 99KB), by Alan Woodfield. [Abstract]

No.9910: A Currency or Monetary Union for New Zealand? An Empirical Study (Revised) (PDF, 104KB)), by Alfred A. Haug. [Abstract]

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1998

No.9801: Demon or Saviour? An Assessment of the ISO 9000 Quality Assurance Standards (PDF, 1.56MB), by Philip Gunby. [Abstract]

No.9802: Market-Implemented Monetary Policy with Open Mouth Operations (PDF, 1.39MB), by Graeme Guthrie and Julian Wright. [Abstract]

No.9803: Numerical Distribution Functions of Likelihood Ratio Tests for Cointegration (PDF, 227KB), by James G. MacKinnon, Alfred A. Haug and Leo Michelis. Forthcoming in the Journal of Applied Econometrics.

No.9804: Conflicts Among Tests for Cointegration (PDF, 59KB), by Allan W. Gregory and Alfred A.

Table 1 (PDF, 15KB), Table 2 (PDF, 26KB).

No.9805: Alternative Monetary Policy Rules for Small Open Economies (PDF, 253KB), by Richard T. Froyen and Alfred V. Guender.

No.9806: The Labour Market Outcomes of New Zealand's Old and New Immigrants, by Liliana Winkelmann and Rainer Winkelmann.

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No.9807: Contracted Workdays and Absence, by Tim Barmby, Michael Nolan and Rainer Winkelmann.

No.9808: Is Job Stability Declining in Germany? Evidence from Count Data Models, by Rainer Winkelmann and Klaus F. Zimmermann.

No.9809: The Labour Market Performance of European Immigrants in New Zealand in the 1980s and 1990s, by Rainer Winkelmann.

No.9810: The Economic Benefits of Schooling in New Zealand: Comment and Update, by Rainer Winkelmann.

No.9811: Random Effects Models for Panel Count Data, by Rainer Winkelmann.

No.9812: A Framework for Economic Forecasting (PDF, 483KB), by Neil R. Ericsson and Jaime Marquez. [Abstract]

No.9813: Nominal Exchange Rates and Monetary Fundamentals: Evidence from a Seventeen Country Panel (PDF, 1.08MB), by Nelson C. Mark and Donggyu Sul. [Abstract]

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No.9814: Bayesian Analysis of Multivariate Count Data, by Siddhartha Chib and Rainer Winkelmann.

No.9815: Monetary Conditions Indices and the Term Structure of Interest Rates (PDF, 488KB), by Graeme A. Guthrie. [Abstract]

No.9816: The Economic Progress of Maori Men 1986 - 1996, by Rainer Winkelmann.

No.9817: Unemployment and Crime: New Answers to an Old Question, by Kerry Papps and Rainer Winkelmann.


1997

No.9701: Is There a Bank Lending Channel of Monetary Policy in New Zealand?, by Alfred V. Guender.

No.9702: Payback and the Value of Waiting to Invest (PDF, 38KB), by Glenn W. Boyle and Graeme A. Guthrie.

No.9703: Zermelo and the Early History of Game Theory, by Ulrich Schwalbe and Paul Walker.

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1996

No.9601: Another Look at Work Contracts and Absenteeism (PDF, 126KB), by Rainer Winkelmann.

No.9602: Markov Chain Monte Carlo Analysis of Underreported Count Data with an Application to Worker Absenteeism (PDF, 149KB), by Rainer Winkelmann.

No.9603: Count Data Models with Selectivity (PDF, 196), by Rainer Winkelmann.

No.9604: Optimal Revenue Smoothing: The Case of New Zealand, by Alfred V. Guender and Kirdan Lees.

No.9605: Posterior Simulation and Model Choice in Longitudinal Generalized Linear Models, by Siddhartha Chib, Edward Greenberg and Rainer Winkelmann.

No.9606: Getting It Right: Superannuation and Savings in the USA, by Philip Meguire.

No.9607: Interconnection in Network Industries (PDF, 162KB), by Michael Carter and Julian Wright. [Abstract]

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No.9608: Tariffs, Quotas and Terms of Trade: The Case of New Zealand (PDF, 171KB), by Liliana Winkelmann and Rainer Winkelmann.

No.9609: Credit Frictions, Debt Choice and the Transmission of Monetary Policy, by Julian Wright.

No.9610: The Forward Premium Bias Under Different Monetary Policy Environments, by David Steele and Julian Wright.

No.9611: Optimal Currency Denomination of Public Debt in New Zealand, by Kerryn Fowlie and Julian Wright.


1995

No.9501: Pricing Internet: The New Zealand Experience (PDF, 169KB), by Michael Carter and Graeme Guthrie.

No.9502: Long Term and Short Term Aggregate Uncertainty and the Effect on Real Output, by Alfred Guender and Robin Young.

No.9503: Framing and Incentive Effects on Risk Attitudes When Facing Uncertain Losses (PDF, 633KB), by John Fountain, Michael McCosker and Bruce Macfarlane.

No.9504: An Outline of the History of Game Theory, by Paul Walker. [Abstract]

No.9505: A Drunk, Her Dog and a Boyfriend: An Illustration of Multiple Cointegration and Error Correction (PDF, 336KB), by Aaron Smith and Robin Harrison.

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No.9506: Optimal Markup Responses to Trade Policy Reform in a Small, Open Economy: Evidence From New Zealand, by Liliana Winkelmann and Rainer Winkelmann. [Abstract]

No.9507: Unemployment: Where Does It Hurt? (PDF, 210KB), by Liliana Winkelmann and Rainer Winkelmann. [Abstract]

No.9508: Apprenticeship and After: Does it Really Matter?, by Rainer Winkelmann.


1994

No.9401: Insurance Market Equilibrium and the Welfare Costs of Gender-Neutral Insurance Pricing under Alternative Regulatory Regimes, by Alan E. Woodfield.

No.9402: Labour Market Signalling and the Welfare Costs of Regulated Insurance Market Equilibria under Gender-neutral Pricing, by Alan E. Woodfield.

No.9403: The New Classical Vs The New Keynesian Debate On The Output - Inflation Tradeoff: Evidence From Four industrialized Countries, by Alfred V. Guender.

No.9404: Yield Spreads & Real Economic Activity: The Case of New Zealand and Australia, by Alfred V. Guender and Mathias Moersch.

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No.9405: Periodic Integration and Cointegration with Applications to the New Zealand Aggregate Consumption Function, by Robin Harrison and Aaron Smith.

No.9406: Linear Programming with Mathematica, by Michael Carter.

No.9407: Are People Really Risk Seeking When Facing Losses?, by John Fountain, Michael McCosker and Dean Morris.


1993

No.9301: Assessing Starmers Evidence for New Theories of Choice: A Subjectivists Comment, by John Fountain.

No.9302: Preliminary-Test Estimation in a Dynamic Linear Model, by David E. A. Giles and Matthew C. Cunneen.

No.9303: Fans, Frames and Risk Aversion: How Robust is the Common Consequence Effect? by John Fountain and Michael McCosker.

No.9304: Pre-test Estimation of the Regression Scale Parameter with Multivariate Student-t Errors and Independent Sub-Samples, by Juston Z. Anderson and Judith A. Giles

No.9305: The Exact Powers of Some Autocorrelation Tests When Relevant Regressors are Omitted, by J. P. Small, D. E. Giles and K. J. White.

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No.9306: The Exact Risks of Some Pre-Test and Stein-Type Regression Estimators Under Balanced Loss, by J. A. Giles, D. E. A. Giles, and K. Ohtani.

No.9307: The Risk Behavior of a Pre-Test Estimator in a Linear Regression Model with Possible Heteroscedasticity under the Linex Loss Function, by K. Ohtani, D. E. A. Giles and J. A. Giles.

No.9308: Comparing Standard and Robust Serial Correlation Tests in the Presence of Garch Errors, by John P. Small.

No.9309: Testing for Serial Independence in Error Components Models: Finite Sample Results, by John P. Small.

No.9310: Optimal Balanced-Growth Immigration Policy for Investors and Entrepreneurs, by Alan E. Woodfield and K-L. Shea.

No.9311: Optimal Long-Run Business Immigration Under Differential Savings Functions by Alan E. Woodfield and K-L. Shea.

No.9312: The Welfare Cost of Taxation in New Zealand Following Major Tax Reforms, by P. McKeown and Alan E. Woodfield.

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No.9313: The Power of the Goldfeld-Quandt Test When the Errors are Autocorrelated, by J.P. Small and R.J. Dennis.

No.9314:The Nucleolus Strikes Back, by M. Carter and Paul Walker.   

No.9315: The Output-lnflation Tradeoff in the United States: New evidence on the New Classical vs. New Keynesian Debate, by Alfred V. Guender.


1992

No. 9201: Testing for Arch-Garch Errors in a Mis-specified Regression, by David E. A. Giles, Judith A. Giles, and Jason K. Wong.

No. 9202: Quasi Rational Consumer Demand Some Positive and Normative Surprises, by John Fountain.

No. 9203: Pre-test Estimation and Testing in Econometrics: Recent Developments, by Judith A. Giles and David E. A. Giles.

No. 9204: Optimal Immigration in a Model of Education and Growth, by K-L. Shea and Alan E. Woodfield.

No. 9205: Optimal Capital Requirements for Admission of Business Immigrants in the Long Run, by K-L. Shea and Alan E. Woodfield.

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No. 9206: Causality, Unit Roots and Export-Led Growth: The New Zealand Experience, by David E. A. Giles, Judith A. Giles and Ewen McCann.

No. 9207: The Sampling Performance of Inequality Restricted and Pre-Test Estimators in a Mis-specified Linear Model, by Alan T. K. Wan.

No. 9208: Testing and Estimation with Seasonal Autoregressive Mis-specification, by John P. Small.

No. 9209: A Bargaining Experiment, by Michael Carter and Mark Sunderland.

No. 9210: Pre-Test Estimation in Regression Under Absolute Error Loss, by David E. A. Giles.

No. 9211: Estimation of the Regression Scale After a Pre-Test for Homoscedasticity Under Linex Loss, by Judith A. Giles and David E. A. Giles.

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1991

No. 9101: Bounds on the Effect of Heteroscedasticity on the Chow Test for Structural Change, by David Giles and Offer Lieberman

No. 9102: The Optimal Size of a Preliminary Test for Linear Restrictions when Estimating the Regression Scale Parameter, by Judith A. Giles and Offer Lieberman

No. 9103: Some Properties of the Durbin-Watson Test Alter a Preliminary t-Test, by David Giles and Offer Lieberman

No. 9104: Preliminary-Test Estimation of the Regression Scale Parameter when the Loss Function is Asymmetric, by Judith A. Giles and David E. A. Giles.

No. 9105: On an Index of Poverty, by Manimay Sengupta and Prasanta K. Pattanaik.

No. 9106: Cartels May Be Good For You, by Michael Carter and Julian Wright.

No. 9107: Lp-Norm Consistencies of Nonparametric Estimates of Regression, Heteroskedasticity and Variance of Regression Estimate when Distribution of Regression is Known, by Radhey S. Singh.

No. 9108: Optimal Telecommunications Tariffs and the CCITT, by Michael Carter and Julian Wright.

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No. 9109: Price Indices: Systems Estimation and Tests, by David Giles and Ewen McCann.

No. 9110: The Limiting Power of Point Optimal Autocorrelation Tests, by John P. Small.

No. 9111: The Exact Power of Some Autocorrelation Tests When the Disturbances are Heteroscedastic, by John P. Small.

No. 9112: Some Consequences of Using the Chow Test in the Context of Autocorrelated Disturbances, by David Giles and Murray Scott.

No. 9113: The Exact Distribution of R when the Disturbances are Autocorrelated, by Mark L. Carrodus and David E. A. Giles.

No. 9114: Optimal Critical Values of a Preliminary Test for Linear Restrictions in a Regression Model with Multivariate Student-t Disturbances, by Jason K. Wong and Judith A. Giles.

No. 9115: Pre-Test Estimation in a Regression Model with a Misspecified Error Covariance Matrix, by K. V. Albertson.

No. 9116: Estimation of the Scale Parameter After a Pre-test for Homogeneity in a Mis-specified Regression Model, by Judith A. Giles.

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