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Recent Economics Publications

Economics at Otago produces world-class research – and we have the publications to prove it!

Economics is relevant to everyone. Our research deals with a stimulating range of important issues – from economics education and health economics, to economic behaviour.

Take a look at our recent publications:

2016 Economics publications

Armstrong, C., Foley, N. S., & Kahui, V. (2016). A production function analysis of fisheries and habitat: Open access versus optimal management. Land Economics, 92(4), 760-771.

Basher, S. A., Haug, A. A., & Sadorsky, P. (2016). The impact of oil shocks on exchange rates: A Markov-switching approach. Energy Economics, 54, 11-23. doi: 10.1016/j.eneco.2015.12.004

Berg, N., El-Komi, M., & Kim, J.-Y. (2016). Market segmentation and non-uniform Shariah standards in Islamic finance. Journal of Economic Behavior & Organization, 132, 39-49. doi: 10.1016/j.jebo.2016.03.019

Berg, N., & Kim, J.-Y. (2016). Harsh norms and screening for loyalty. Bulletin of Economic Research, 68(3), 205-217. doi: 10.1111/boer.12045

Berg, N., & Kim, J.-Y. (2016). Equilibrium national border and its stability. Prague Economic Papers, 25(6), 637-654. doi: 10.18267/j.pep.582

Coleman, A. (2016). Pension payments and receipts by New Zealand birth cohorts, 1916–1986. New Zealand Economic Papers, 50(1), 51-70. doi: 10.1080/00779954.2015.1095787

Etang, A., Fielding, D., & Knowles, S. (2016). Who votes expressively, and why? Experimental evidence. Bulletin of Economic Research, 68(2), 105-116. doi: 10.1111/boer.12033

Fielding, D., & Lepine, A. (2016). Women’s empowerment and wellbeing: Evidence from Africa. Journal of Development Studies. Advance online publication. doi: 10.1080/00220388.2016.1219345

Garces-Ozanne, A., Kalu, E. I., & Audas, R. (2016). The effect of empowerment and self-determination on health outcomes. Health Education & Behavior. Advance online publication. doi: 10.1177/1090198116667665

Ikeda, M., & Garces-Ozanne, A. (2016). Human security, social competence and natural disasters in Japan and New Zealand: A case study of Filipino migrants. Japan Social Innovation Journal, 6(1), 42-60. doi: 10.12668/jsij.6.42

Jaforullah, M., & King, A. (2016). The demand for imported oil: New Zealand's post-deregulation experience. New Zealand Economic Papers. Advance online publication. doi: 10.1080/00779954.2016.1207199

Kahui, V., Armstrong, C., & Foley, N. (2016). An international view on “correcting the whimsies of U.S. fisheries policy”. Choices, 31(3). Retrieved from

Kahui, V., Armstrong, C. W., & Vondolia, G. K. (2016). Bioeconomic analysis of habitat-fishery connections: Fishing on cold water coral reefs. Land Economics, 92(2), 328-343.

Kim, J.-Y., Lee, M. H., & Berg, N. (2016). Peak-load pricing in duopoly. Economic Modelling, 57, 47-54. doi: 10.1016/j.econmod.2016.04.012

King, A., & Ramlogan-Dobson, C. (2016). Is there club convergence in Latin America? Empirical Economics, 51(3), 1011-1031. doi: 10.1007/s00181-015-1040-x

Lyver, P. O., Akins, A., Phipps, H., Kahui, V., Towns, D. R., & Moller, H. (2016). Key biocultural values to guide restoration action and planning in New Zealand. Restoration Ecology, 24(3), 314-323. doi: 10.1111/rec.12318

Martelli, N., Hansen, P., van den Brink, H., Boudard, A., Cordonnier, A.-L., Devaux, C., … Borget, I. (2016). Combining multi-criteria decision analysis and mini-health technology assessment: A funding decision-support tool for medical devices in a university hospital setting. Journal of Biomedical Informatics, 59, 201-208. doi: 10.1016/j.jbi.2015.12.002

Pascoe, S., Kahui, V., Hutton, T., & Dichmont, C. (2016). Experiences with the use of bioeconomic models in the management of Australian and New Zealand fisheries. Fisheries Research, 183, 539-548. doi: 10.1016/j.fishres.2016.01.008

Pinto, D., Danilovich, M., Hansen, P., Finn, D. J., Chang, R. W., Holl, J. L., … Bockenholt, U. (2016). Qualitative development of a discrete choice experiment for physical activity interventions to improve knee osteoarthritis. Archives of Physical Medicine & Rehabilitation. Advance online publication. doi: 10.1016/j.apmr.2016.11.024

Wesselbaum, D. (2016). The intensive margin puzzle and labor market adjustment costs. Macroeconomic Dynamics, 20(6), 1458-1476. doi: 10.1017/S1365100514000984

Wijland, R., Hansen, P., & Gardezi, F. (2016). Mobile nudging: Youth engagement with banking apps. Journal of Financial Services Marketing, 21(1), 51-63. doi: 10.1057/fsm.2016.1

2015 Economics publications

Adrianova, S., Baltagi, B., Demetriades, P. and Fielding, D. (2015) “Why Do African Banks Lend So Little?,” Oxford Bulletin of Economics and Statistics (forthcoming:

Berg, N., Biele, G. and Gigerenzer, G. (2015) “Does Consistency Predict Accuracy of Beliefs?: Economists Surveyed About PSA,” Review of Behavioral Economics (ROBE) (forthcoming).

Berg, N. and Gabel, T. (2015) “Did Canadian welfare reform work?: The effects of new reform strategies on Social Assistance participation,” Canadian Journal of Economics (forthcoming).

Berg, N. and Kim, J. Y. (2015) “Harsh norms and screening for loyalty,” Bulletin of Economic Research (forthcoming).

Berg, N. and Kim, J. Y. (2015) “Quantity restrictions with imperfect enforcement in an over-used commons: Permissive regulation to reduce over-use?,” Journal of Institutional and Theoretical Economics (forthcoming).

Chhun, S., Kahui, V., Moller, H. and Thorsnes, P. (2105) “Advancing marine policy towards ecosystem based management by eliciting public preferences,” Marine Resource Economics (forthcoming).

Economides, K., Haug, A. A. and McIntyre, J. (2015) “Towards Timeliness in Civil Justice,” Monash University Law Review 41 (2) (forthcoming).

Fielding, D. (2015) “Cancer and the Plow,” Social Forces 93: 863-880.

Fielding, D., Hajzler, C. and MacGee, J. (2015) “Distance, Language, Religion, and the Law of One Price: Evidence from Canada and Nigeria,” Journal of Money, Credit and Banking (forthcoming).

Fielding, D. and Knowles, S. (2015) “Can You Spare Some Change for Charity? Experimental Evidence on Verbal Cues and loose Change Effects in a Dictator Game,” Experimental Economics (forthcoming:

Jaforullah, M. and King, A. (2015) “Does the use of renewable energy sources mitigate CO2 emissions? A reassessment of the US evidence,” Energy Economics (Forthcoming).

Jaforullah, M. (2015) “International tourism and economic growth in New Zealand,” Tourism Analysis: An Interdisciplinary Journal (forthcoming).

King, A. and Ramlogan-Dobson, C. (2015) “Is Africa actually developing?,” World Development 66: 598-613.

Knowles, S. and Servátka, M. (2015) “Transaction costs, the opportunity cost of time and procrastination in charitable giving,” Journal of Public Economics (forthcoming).

Owen, P. D. and King, N. (2015) “Competitive balance measures in sports leagues: The effects of variation in season length,” Economic Inquiry 53 (1): 731-744.

Paradkar, A., Knight, J. and Hansen, P. (2015) “Innovation in start-ups: Ideas filling the void or ideas devoid of resources and capabilities?,” Technovation (forthcoming).

Stillman, S., Gibson, J., McKenzie, D. And Rohorua, H. (2015) “Miserable Migrants? Natural Experiment Evidence on International Migration and Objective and Subjective Well-Being,” World Development 65: 79-93.

2014 Economics publications

Armstrong, C. W., Foley, N. S., Kahui, V. and Grehan, A. (2014) “Cold water coral reef management from an ecosystem service perspective,” Marine Policy 150: 126-134.

Berg, N. (2014) “Success from satisficing and imitation: Entrepreneurs’ location choice and implications of heuristics for local economic development,” Journal of Business Research 67 (8): 1700-1709.

Berg, N. (2014) “The consistency and ecological rationality schools of normative economics: Singular versus plural metrics for assessing bounded rationality,” Journal of Economic Methodology 21 (4): 375-395.

Berg, N. and Kim, J. Y. (2014) “Prohibition of Riba and Gharar: A signaling and screening explanation?,” Journal of Economic Behavior and Organization 103: 146-159.

Bergstrom, K., Grimes, A. and Stillman, S. (2014) “Does Selling State Silver Generate Private Gold? Determinants and Impacts of State House Sales and Acquisitions in New Zealand,” Urban Studies 51 (6): 1257-1273.

Fielding, D. (2014) “Fiscal Shocks and the Real Exchange Rate: Evidence from an Outpost of Textbook Open-Economy Macroeconomics,” Oxford Economic Papers 66: 465-490.

Fielding, D. (2014) “The Dynamics of Humanitarian Aid Decisions,” Oxford Bulletin of Economics and Statistics 76: 536-564.

Fielding D. (2014) “The Dynamics of Aid and Political Rights,” World Economy 37: 1197-1218.

Garces-Ozanne, A. and Sullivan, T. (2014) “Expectations versus reality: What you want is not always what you get,” Australian Journal of Adult Learning 54 (2): 78-100.

Hajzler, C. and Fielding, D. (2014) “Relative Price and Inflation Variability in a Simple Consumer Search Model,” Economics Letters 123: 17-22.

Hale, T., Kahui, V. and Farhat, D. (2014) “A modified possibility frontier for efficient forestry management under the New Zealand emissions trading scheme,” The Australian Journal of Agricultural and Resource Economics 58: 1-17.

Hansen, P., Kergozou, N., Knowles, S. and Thorsnes, P. (2014) “Developing countries in need: Which characteristics appeal most to people when donating money?,” Journal of Development Studies 50: 1494-1509.

Haug, A. A. (2014) “On Real Interest Rate Persistence: The Role of Breaks,” Applied Economics 46 (10): 1058-1066.

Haug, A. A. and King, I. P. (2014) “In the Long Run, US Unemployment Follows Inflation Like a Faithful Dog,” Journal of Macroeconomics 41: 42-52.

Kahui, V. and Richards, A. C. (2014) “Lessons from resource management by indigenous Maori in New Zealand: Governing the ecosystems as a commons,” Ecological Economics 102: 1-7.

King, A. and Ramlogan-Dobson, C. (2014) “Are income differences within the OECD diminishing? Evidence from Fourier unit root tests,” Studies in Nonlinear Dynamics and Econometrics 18: 185-199.

Maré, D. C., Fabling, R. and Stillman, S. (2014) “Innovation and the Local Workforce,” Papers in Regional Science 93 (1): 183-201.

Monti M., Pelligra V., Martignon L. and Berg, N. (2014) “Retail investors and financial advisors: New evidence on trust and advice taking heuristics,” Journal of Business Research 67 (8): 1749-1757.

Owen, P. D. and Winchester, N. (2014) “The impact of US fresh milk production standards on dairy trade,” Journal of Policy Modeling 36 (6): 1008-1021.

Smith, T. and Tasnádi, A. (2014) “The Economics of Information, Deep Capture, and the Obesity Debate,” American Journal of Agricultural Economics 96 (2): 533–541.

Viitanen, T. (2014) “The divorce revolution and generalized trust: Evidence from the United States 1973-2010,” International Review of Law and Economics 38: 25-32.

Viitanen, T. (2014) “Parental divorce and other determinants of interpersonal trust: Evidence from Hilda panel data,” Australian Journal of Labour Economics 17 (1): 35-53.

Viitanen, T. (2014) “The motherhood wage gap in the U.K. over the life cycle," Review of Economics of the Household 12 (2): 259-276.

Wilson, R., Hansen, P., Derrett, S. and Langley, J. (2014) “A comparison of injured patient and general population valuations of EQ-5D health states for New Zealand,” Health and Quality of Life Outcomes 12: 21.

2013 Economics publications

Barnes, M., Smith, T. and Yoder, J. (2013) “Effects of Household Composition and Income Security on Body Weight in Working-Age Men,” Obesity 21 (9): E483–E489.

Boes, S., Nüesch, S. and Stillman, S. (2013) “Aircraft Noise, Health, and Residential Sorting: Evidence from Two Quasi-Experiments,” Health Economics 22 (9): 1037–1051.

Dobson, F., Hinman, R. S., Roos, E., Abbott, J., Stratford, P., Davis, A., Buchbinder, R., Snyder-Mackler, L., Henrotin, Y., Thumboo, J., Hansen, P. and Bennell, K. “OARSI recommended performance-based tests to assess physical function in people diagnosed with hip or knee osteoarthritis,” Osteoarthritis & Cartilage 21: 1042-1052.

Eggert, H. and Kahui, V. (2013) “Reference-dependent behavior of paua (abalone) divers in New Zealand,” Applied Economics 45 (12): 1571-1582.

Gibson, J., Kim, B., Stillman, S. and Boe-Gibson, G. (2013) “Time to Vote?,” Public Choice 156 (3): 517-536.

Gibson, J., McKenzie, D. and Stillman, S. (2013) “Accounting for Selectivity and Duration-Dependent Heterogeneity When Estimating the Impact of Emigration on Incomes and Poverty in Sending Areas,” Economic Development and Cultural Change 61 (2): 247-80.

Gibson, J., Stillman, S., McKenzie, D. and Rohorua, R. (2013) “Natural Experiment Evidence on the Effect of Migration on Blood Pressure and Hypertension,” Health Economics 22 (6): 655–672.

Langley, J., Lilley, R., Wilson, R., Derrett, S., Samaranayaka, A., Davie, G., Ameratunga, A., Wyeth,E., Hansen, P. and Hokowhitu, B. (2013) “Factors associated with non-participation in one or two follow-up phases in a cohort study of injured adults,” Injury Prevention 19: 428-433.

Law, D., Genç, M. and Bryant, J. (2013) “Trade, diaspora and migration to New Zealand,” The World Economy 36 (5): 582-606.

McKenzie, D., Gibson, J. and Stillman, S. (2013) “A Land of Milk and Honey with Streets Paved with Gold: Do Emigrants Have Over-Optimistic Expectations about Incomes Abroad?,” Journal of Development Economics 102: 116-127.

Nghiem N., Wilson N., Genç M. and Blakely T. (2013) “Understanding Price Elasticities to Inform Public Health Research and Intervention Studies: Key Issues,” American Journal of Public Health 103 (11): 1954-1961.

Ni Mhurchu C., Eyles H., Schilling C., Yang Q., Kaye-Blake W., Genç M. and Blakely T. (2013) “Food Prices and Consumer Demand: Differences across Income Levels and Ethnic Groups,” PLoS One 8 (10).

Pinto, D., Robertson, C., Abbott, J., Hansen, P. and Campbell, A. (2103) “MOA Trial Team. Manual therapy, exercise therapy, or both, in addition to usual care, for osteoarthritis of the hip or knee: 2. Economic evaluation alongside a randomized controlled trial,” Osteoarthritis & Cartilage 21: 1504-1513.

Wilson, R., Derrett, S., Hansen, P. and Langley, J. (2013) “Costs of injury in New Zealand: Accident Compensation Corporation spending, personal spending and quality-adjusted life years lost,” Injury Prevention 19: 124-129.

2012 Economics publications

Basher, S., Haug, A. A. and Sadorsky, P. (2012) “Oil Prices, Exchange Rates and Emerging Stock Markets,” Energy Economics 34: 227-240.

Byrne, T., Amer, P., Fennessy, P., Hansen, P. and Wickham, B. (2012) “A preference-based approach to deriving breeding objectives: applied to sheep breeding,” Animal 6: 778-788.

Cobb-Clark, D. A., Sinning, M. and Stillman, S. (2012) “Migrant youths’ educational achievement: The role of institutions,” Annals of the American Academy of Political & Social Science 643 (1): 18–45.

Etang, A., Fielding, D. and Knowles, S. (2012) “Giving to Africa and perceptions of poverty,” Journal of Economic Psychology 33 (4): 819–832.

Fabrizi, S. and Lippert, S. (2012) “Due diligence, research joint ventures, and incentives to innovate,” Journal of Institutional and Theoretical Economics 168 (4): 588–611.

Golan, O. and Hansen, P. (2012) “Which health technologies should be funded? A prioritization framework based explicitly on value for money,” Israel Journal of Health Policy Research 1: 44.

Hansen, P., Hendry, A., Naden, R., Ombler, F. and Stewart, R. (2012) “A new process for creating points systems for prioritising patients for elective health services,” Clinical Governance: An International Journal 17: 200-209.

Haug, A. A. and Dewald, W. G. (2012) “Money, Output and Inflation in the Longer Term: Major Industrial Countries, 1880 – 2001,” Economic Inquiry 50: 773-787.

Haug, A. A. and Smith, C. (2012) “Local Linear Impulse Responses for a Small Open Economy,” Oxford Bulletin of Economics and Statistics 74: 470-492.

King, N., Owen, P. D. and Audas, R. (2012) “Playoff uncertainty, match uncertainty and attendance at Australian National Rugby League matches,” Economic Record 88 (281): 262-277.

Monti, M., Martingon, L., Gigerenzer, G. and Berg, N (2012) “How do common investors behave? Information search and portfolio choice among bank customers and university students,” Mind and Society 11 (2): 203-233.

Owen, P. D. (2012) “Measuring parity in sports leagues with draws: Further comments,” Journal of Sports Economics 13 (1): 83-93.

Pinto, D., Robertson, C., Hansen, P. and Abbott, J. (2012) ”Cost-effectiveness of nonpharmacologic, nonsurgical interventions for hip and/or knee osteoarthritis: Systematic review,” Value in Health 15: 1-12.

Smith, T. (2012) Review of the book Obesity and the economics of prevention: Fit not fat, American Journal of Agricultural Economics 94 (3): 815–817.

Smith, T. (2012) "Behavioural Biology and Obesity," Ch. 4 in Offer, A., Pechey, R. and Ulijaszek, S. (editors), Insecurity, Inequality, and Obesity in Affluent Societies, Oxford University Press/British Academy (Proceedings of the British Academy 174) 69-81.

Stillman, S., Gibson, J. and McKenzie, D. (2012) “The Impact of Immigration on Child Health: Experimental Evidence From a Migration Lottery Program,” Economic Inquiry 50 (1): 62-81.

Tasnádi, A., Smith, T. and Hanks, A. (2012) “Quality Uncertainty as Resolution of the Bertrand Paradox,” Pacific Economic Review 17 (5): 687–692.

Wilson, R., Derrett, S., Hansen, P. and Langley, J. D. (2012) “Costs of injury in New Zealand: Accident compensation corporation spending, personal spending and quality-adjusted life years lost,” Injury Prevention 19 (2): 124-129.