2015 NZEP Issue 1 offers some insights into dairy farm profitability, among other things

The contents of New Zealand Economic Papers, Volume 49, Issue 1, 2015 (available online or by subscription):

  • An analysis of benefit flows in New Zealand using a social accounting framework by Omar Aziz, Nick Carroll & John Creedy
  • Recognising and building on freshman students’ prior knowledge of economics by Michael P. Cameron & Steven Lim
  • Current trends in economics enrolments at secondary and tertiary level by Stephen Agnew
  • Improving the profitability of Waikato dairy farms: Insights from a whole-farm optimisation model by Graeme J. Doole
  • Demographic transition and the real exchange rate in Australia: An empirical investigation by Kamrul Hassan, Ruhul Salim & Harry Bloch
  • Exchange-rate volatility and commodity trade between the USA and Indonesia by Mohsen Bahmani-Oskooee, Hanafiah Harvey & Scott W. Hegerty

2014 NZEP Issue 2 a Special Issue on Population Ageing and Long-Run Fiscal Sustainability in New Zealand

The contents of New Zealand Economic Papers, Volume 48, Issue 2, 2014 (available online or by subscription):

  • Population ageing and long-run fiscal sustainability in New Zealand by Robert A. Buckle & John Creedy
  • The requirements for fiscal sustainability in New Zealand by Robert A. Buckle & Amy A. Cruickshank
  • New Zealand’s demographics and population ageing by Geoff Bascand & Kim Dunstan
  • Treasury’s 2013 long-term fiscal statement: Assumptions and projections by Matthew Bell & Paul Rodway
  • Population ageing and productivity: A survey with implications for New Zealand by Ross Guest
  • Population ageing and the growth of income and consumption tax revenue by Christopher Ball & John Creedy
  • Can fiscal drag pay for the public spending effects of population ageing in New Zealand? by John Creedy & Norman Gemmell
  • Social expenditure in New Zealand: Stochastic projections by John Creedy & Kathleen Makale
  • Modelling retirement income in New Zealand by Christopher Ball
  • The growth, equity, and risk implications of different retirement income policies by Andrew Coleman
  • Tax policy with uncertain future costs: Some simple models by Christopher Ball & John Creedy

Double taxation doublespeak

I generally stay out of tax debates. I don’t know the economic theories, and valid comparisons are difficult to make.

This comparison by Rodney Hide (via Kiwiblog) bothered me, however:

A business generates $100 a year. The going discount rate is 10 percent. The value of the business is $1,000. That’s if there’s no tax.

Introduce a tax of, say, 30 percent, and the business now yields only $70 a year. The business is worth only $700. The tax liability is capitalised into the value of the business. Continue reading

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