http://nzresearch.org.nz Kiwi Research Information Service Kiwi Research Information Service http://nzresearch.org.nz/index.php/record/viewExternalRecord/60307?url=http%3A%2F%2Feprints.otago.ac.nz%2F925%2F1%2FDP_0908.pdf Owen, P. Dorian The relative standard deviation of win percentages, the most widely used measure of within-season competitive balance, has an upper bound which is very sensitive to variation in the numbers of teams and games played. Taking into account this upper bound provides additional insight into comparisons of competitive balance across leagues or over time. oai:eprints.otago.ac.nz:925 http://nzresearch.org.nz/index.php/record/viewExternalRecord/60308?url=http%3A%2F%2Feprints.otago.ac.nz%2F926%2F1%2FDP_1002.pdf Farhat, Daniel This paper examines international business cycle transmission within a two-country dynamic stochastic general equilibrium model featuring an endogenously determined trade pattern. In contrast to existing literature, this model distinguishes between non-traded final goods and traded inputs. The model incorporates capital into the production of final goods and shows that shocks to final goods... oai:eprints.otago.ac.nz:926 http://nzresearch.org.nz/index.php/record/viewExternalRecord/59932?url=http%3A%2F%2Feprints.otago.ac.nz%2F923%2F1%2FDP_0805.pdf Lahari, Willie; Haug, Alfred A.; Garces-Ozanne, Arlene Time series analyses generally rely on having a relatively high frequency of consistent and reliable data to work with. However for many of the South Pacific Island Nations (SPINS), data on major macroeconomic series, like GDP, are typically available only annually from the early 1980s. This paper empirically estimates quarterly GDP data from annual series using the approach of Abeysinghe and... oai:eprints.otago.ac.nz:923 http://nzresearch.org.nz/index.php/record/viewExternalRecord/59933?url=http%3A%2F%2Feprints.otago.ac.nz%2F924%2F1%2FDP_0804.pdf Duncan, Kevin; Philips, Peter; Prus, Mark Data from plumbing and pipefitting union locals are used to measure the effect of union organizing strength on the wages of high-skilled and semi-skilled nonunion workers. We find that increases in union strength are associated with higher wages for nonunion journeymen. However, the wages of lower skilled, nonunion journeymen helpers are not related to our measures of union recruitment power.... oai:eprints.otago.ac.nz:924 http://nzresearch.org.nz/index.php/record/viewExternalRecord/59548?url=http%3A%2F%2Feprints.otago.ac.nz%2F921%2F1%2FDP_0806.pdf Soon, Jan-Jan Students’ non-return is a specific type of brain drain. This paper is an empirical study of the determinants of students’ return intention in New Zealand. Applying a binary logit model on a comprehensive set of survey data, this study finds that initial intention prior to leaving for abroad is the most important factor determining whether or not a student intends to return home after... oai:eprints.otago.ac.nz:921 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57960?url=http%3A%2F%2Fhdl.handle.net%2F10182%2F2109 Sullivan, Clay J. B. Financial market volatility persists as a dominating characteristic of modem financial markets. This presents a difficulty for finance theory in that research has demonstrated that standard models of price adjustment, such as information efficiency, are extremely limited in their ability to fully explain price adjustment during volatility. In particular, a common research conclusion is that... oai:researcharchive.lincoln.ac.nz:10182/2109 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57152?url=http%3A%2F%2Fhdl.handle.net%2F10182%2F1968 Nichols, E. Corporations are increasingly being expected to be responsible to not only shareholders, but also to employees, society and for the environment. This expectation increases as business crises, such the Exxon Valdez oil spill and the Enron collapse, continue to occur. In New Zealand several umbrella organisations were established to aid organisations in the quest to become sustainable or... oai:researcharchive.lincoln.ac.nz:10182/1968 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57678?url=http%3A%2F%2Feprints.otago.ac.nz%2F915%2F1%2FDP_0712.pdf Haug, Alfred A.; Basher, Syed A. We test long-run PPP within a general model of cointegration of linear and nonlinear form. Nonlinear cointegration is tested with rank tests of Breitung (2001). We determine first the order of integration of each variable, using monthly data from the post-Bretton Woods era for G-10 countries. In many cases prices are I(2), whereas all exchange rates are I(1). However, there are several... oai:eprints.otago.ac.nz:915 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57679?url=http%3A%2F%2Feprints.otago.ac.nz%2F916%2F1%2FDP_0713.pdf Etang, Alvin; Fielding, David; Knowles, Stephen Broadly speaking, economic experiments and surveys have found trust to be much lower in Africa than in industrialized countries. We analyze new experimental and survey results from rural Cameroon, where the average level of trust appears to be much higher than is typical of Africa. A substantial part of this difference can be explained by the prevalence of Rotating Saving and Credit... oai:eprints.otago.ac.nz:916 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57680?url=http%3A%2F%2Feprints.otago.ac.nz%2F917%2F1%2FDP_0714.pdf Alexander, W Robert J; Haug, Alfred A; Jaforullah, Mohammad We conduct a two-stage (DEA and regression) analysis of the efficiency of New Zealand secondary schools. Unlike previous applications of two-stage semi-parametric modelling of the school “production process”, we use Simar and Wilson’s double bootstrap procedure, which permits valid inference in the presence of unknown serial correlation in the efficiency scores. We are therefore able to... oai:eprints.otago.ac.nz:917 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57681?url=http%3A%2F%2Feprints.otago.ac.nz%2F918%2F1%2FDP_0715.pdf Winchester, Niven Competition points are awarded in sports events to determine which participants qualify for the playoffs or to identify the champion. We use competition points to measure strength in a prediction model and choose competition points to maximise prediction accuracy. This allows us to determine the allocation of competition points that most appropriately rewards strong teams. Our analysis focuses... oai:eprints.otago.ac.nz:918 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57397?url=http%3A%2F%2Feprints.otago.ac.nz%2F901%2F1%2FDP_0901.pdf González, Libertad; Viitanen, Tarja We estimate the effect of divorce legalization on the long-term well-being of children. Our identification strategy relies on exploiting the different timing of divorce legalization across European countries. Using European Community Household Panel data, we compare the adult outcomes of cohorts who were raised in an environment where divorce was banned with cohorts raised after divorce was... oai:eprints.otago.ac.nz:901 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57398?url=http%3A%2F%2Feprints.otago.ac.nz%2F902%2F1%2FDP_0902.pdf Demetriades, Panicos; Fielding, David Using a new panel dataset for banks in eight West African countries, we explore the factors that exacerbate or alleviate excess liquidity, and the factors that promote or retard the rate of growth of banks’ assets. Loan default rates in the region are high, and variations in the rate impact on liquidity and asset growth. However, the size of this effect is very sensitive to bank age. Some... oai:eprints.otago.ac.nz:902 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57399?url=http%3A%2F%2Feprints.otago.ac.nz%2F903%2F1%2FDP_0903.pdf Lenten, Liam J. A.; Winchester, Niven Bonus point systems are a popular tournament design feature in some sports. We consider a bonus point system for the Australian Football League (AFL). In this paper, we utilise league points as a measure of team strength in a prediction model and choose the allocation of points to maximise prediction accuracy. For AFL data extending over seasons 1997-2008, we determine a bonus points system... oai:eprints.otago.ac.nz:903 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57400?url=http%3A%2F%2Feprints.otago.ac.nz%2F904%2F1%2FDP_0905.pdf Winchester, Niven; Stefani, Raymond T. Bonus points provide a simple way to improve the accuracy of league standings. We investigate the inclusion of bonuses in the National Football League (NFL) using a prediction model built on league points. Both touchdown-based and narrow-loss bonuses are shown to be significant. Our preferred system awards four points for a win, two for a tie, one point for scoring four or more touchdowns and... oai:eprints.otago.ac.nz:904 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57401?url=http%3A%2F%2Feprints.otago.ac.nz%2F905%2F1%2FDP_0906.pdf Soon, Jan-Jan Using a multinomial logit model, this paper looks at the determinants of when tertiary level international students intend to return home upon completion of their studies in New Zealand, be it not return, return immediately, return after some working stint, or return after some further education. Good perceptions of home have a strong positive impact on the probability of returning immediately,... oai:eprints.otago.ac.nz:905 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57402?url=http%3A%2F%2Feprints.otago.ac.nz%2F906%2F1%2FDP_0907.pdf Etang, Alvin; Fielding, David; Knowles, Stephen In this paper we use experimental data collected in rural Cameroon to quantify the effect of social distance on trust and altruism. Our measure of social distance is one that is relevant to everyday economic interactions: subjects in a Trust Game play with fellow villagers or with someone from a different village. We find that Senders in a Trust Game pass significantly more money to Recipients... oai:eprints.otago.ac.nz:906 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57404?url=http%3A%2F%2Feprints.otago.ac.nz%2F908%2F1%2FDP_0909.pdf Farhat, Daniel This paper examines employment dynamics and international business cycle transmission within a two-country dynamic stochastic general equilibrium model featuring an endogenously determined trade pattern. In contrast to existing literature, this model allows for the household's labor supply to be determined endogenously, producing fluctuations in employment as business cycles are... oai:eprints.otago.ac.nz:908 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57405?url=http%3A%2F%2Feprints.otago.ac.nz%2F909%2F1%2FDP_0910.pdf Koska, Onur This study examines the choice of a multinational …firm between two alternative entry modes, a green…field investment and a joint venture, under incomplete information. The joint venture partner is selected by an auction, which distinguishes this study from other studies in the literature. A private values auction allows a multinational …firm to increase its share of the joint venture profit... oai:eprints.otago.ac.nz:909 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57406?url=http%3A%2F%2Feprints.otago.ac.nz%2F910%2F1%2FDP_0911.pdf Koska, Onur This study focuses on the theory of how multinational …firms choose their entry modes between alternative options (i.e., trade, green…field investment, or acquisition). In a comprehensive model of strategic decision-making with more than one multinational firm, it delineates how a multinational …firm's entry mode influences a rival multinational firm's market entry behavior and how... oai:eprints.otago.ac.nz:910 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57407?url=http%3A%2F%2Feprints.otago.ac.nz%2F911%2F1%2FDP_1001.pdf Lahari, Willie This paper re-kindles the debate on the feasibility of a Pacific Islands currency union in view of the recent expansion and consolidation of regional strategies and agreements such as the ‘Pacific Plan’ and the Pacific Agreement on Closer Economic Relations Plus. These initiatives, including past efforts, have given limited consideration to the subject for a Pacific Islands currency union.... oai:eprints.otago.ac.nz:911 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57409?url=http%3A%2F%2Feprints.otago.ac.nz%2F913%2F1%2FDP_1003.pdf Fielding, David; Shortland, Anja Using a new monthly time-series data set, we explore the factors associated with variations in the number of civilians killed or wounded by participants in the civil war in Peru during the 1980s and 1990s. We find that an increase in the level of abuse by one side is strongly associated with subsequent increases in the level of abuse by the other. Certain types of foreign intervention have a... oai:eprints.otago.ac.nz:913 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57410?url=http%3A%2F%2Feprints.otago.ac.nz%2F914%2F1%2FDP_1004.pdf Andrianova, Svetlana; Baltagi, Badi H.; Demetriades, Panicos O.; Fielding, David We put forward a plausible explanation of African financial underdevelopment in the form of a bad credit market equilibrium. Utilising an appropriately modified IO model of banking, we show that the root of the problem could be unchecked moral hazard (strategic loan defaults) or adverse selection (a lack of good projects). We provide empirical evidence from a large panel of African banks which... oai:eprints.otago.ac.nz:914 http://nzresearch.org.nz/index.php/record/viewExternalRecord/57364?url=http%3A%2F%2Fhdl.handle.net%2F10092%2F3930 Andersen, S.; Fountain, J.; Harrison, G.W.; Rutström, E.E. Subjective probabilities play a role in many economic decisions. There is a large theoretical literature on the elicitation of subjective probabilities, and an equally large empirical literature. However, there is a gulf between the two. The theoretical literature proposes a range of procedures that can be used to recover subjective probabilities, but stresses the need to make strong auxiliary... oai:ir.canterbury.ac.nz:10092/3930 http://nzresearch.org.nz/index.php/record/viewExternalRecord/56916?url=http%3A%2F%2Feprints.otago.ac.nz%2F897%2F1%2FDP_0809.pdf Fielding, David Despite anecdotal evidence that the quality of governance in recipient countries affects the allocation of international health aid, there is no quantitative evidence on the magnitude of this effect, or on which dimensions of governance influence donor decisions. We measure health aid flows over 2001-2005 for 87 aid recipients, matching aid data with measures of different dimensions of... oai:eprints.otago.ac.nz:897