Working Papers Series
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
13/08 Has the Basel Accord Improved Risk Management During the Global Financial Crisis?
by Michael McAleer, Juan-Ángel Jiménez-Martín, 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.
13/01 The role of mid-year dividends as predictors of yearly earnings
by Warwick Anderson.
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
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.
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 Robert Reed.
11/02 More Evidence on the Use of Constructed-Response Questions in Principles of Economics Classes by Stephen Hickson and Robert Reed.
11/01 Group Identity and Relation-Specific Investment: An Experimental Investigation
by Hodaka Morita and Maroš Servátka.
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
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
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,
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
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
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
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 Destinationsby 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
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.
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.
09/13 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
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,
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.
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
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
08/15 Re-inventing New Zealand: Institutions Output and Patents 1870-1939 by David Greasley and
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.
07/06 Understanding Credit Risk: A Classroom Experiment by Maroš Servátka and
07/05 The Implementation of Monetary Policy in New Zealand: What Factors Affect the 90-Day Bank Bill Rate? by Alfred Guender & Oyvinn Rimer.
07/02 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.
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.
Papers by current staff that appear in working papers series other than the Department's RePEc series (from 2007)
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
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.
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
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:
Department of Economics,
University of Canterbury,
Private Bag 4800,
Christchurch, New Zealand.
1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997
1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 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.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]
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]
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]
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]
No.2000/01: Do Words Speak Louder than Actions? Monetary Policy at the Bundesbank, by Pierre L Siklos and Martin T Bohl.
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.
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]
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]
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.
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.
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.9813: Nominal Exchange Rates and Monetary Fundamentals: Evidence from a Seventeen Country Panel (PDF, 1.08MB), by Nelson C. Mark and Donggyu Sul. [Abstract]
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.
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.
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.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.
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.
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.9508: Apprenticeship and After: Does it Really Matter?, by Rainer Winkelmann.
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.
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.
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.
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.
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.
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.
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.
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.
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.