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Paper for the 2005 Conference of the New Zealand Association of Economists, June 29-July 1: Christchurch.

Keywords: Globalisation & Trade; Growth & Innovation;

Introduction

The Royal Society of New Zealand has awarded me a grant from the Marsden Fund to study globalisation. The study is a continuation of my earlier research program, especially that which is summarised in my book In Stormy Seas with its central message that the fate of New Zealand will be largely a consequence of what happens overseas, together with our ability to seize the opportunities and manage the problems those events create.

Paper to The History of New Zealand Economics Session at the June 2005 conference of the New Zealand Economist’s Association.

Keywords: History of Ideas, Methodology & Philosophy; Political Economy & History;

In the course of describing the evolution of the New Zealand political economy between 1932 and 1984, my book, The Nationbuilders, highlighted four economists: Bernard Ashwin, Bill Sutch, Bryan Philpott and Henry Lang. This paper looks at those economists from the earlier phase of the period, thereby leaving Philpott and Lang and others for a later assessment. By focussing on the period in which economics first became important in the New Zealand policy process, it adds to the first two a number of other economists: particularly Horace Belshaw, Dick Campbell, Douglas Copland, and James Hight.

By David Collins and Helen Lapsley: Remarks on the Draft

Workshop on Guidelines for Estimating the Avoidable Costs of Substance Use and Abuse, sponsored by Health Canada, June 22-23, 2005, Ottawa.

Keywords: Health;

Thankyou for the invitation to attend what is proving to be a very interesting seminar in, if I may so, a pleasing and attractive city. As one would expect, David Collins and Helen Lapsley have contributed a valuable paper, albeit as they insist, a preliminary draft.

Transtasman banking regulation is a pressure point in our relations with Australia.

Listener: 18 June, 2005

Keywords: Macroeconomics & Money;

More than other overseas investors, banks can quickly withdraw their key assets. The foreign owner of a factory, farm, forest or beach-house can go off in a huff, but the physical entity remains. Financial assets are much more mobile.

Paper presented to OECD, 10 June, 2005

Keywords: Statistics;

GDP valued at purchasing power parity prices is widely treated as a measure of production, even though it is calculated on the expenditure side of the national accounts. This paper shows that GDP and GDE (or GDI)are not generally equal (although they are if they are measured in transaction prices). It suggests that we should relabel the measure as GDI at purchasing power parity prices which is actually being what is measured or, better still, measure GNI.

Listener: 4 June, 2004.

Keywords: Growth & Innovation;

Earlier this year, the Ministry of Economic Development and the Treasury jointly published Economic Development Indicators 2005, with the intention to provide a basis for a public conversation about economic performance. It is part of the process by which the government is monitoring its performance closely, and reporting its findings to the public.