School of Accounting and Commercial Law – Te Kura Kaute, Ture Tauhokohoko: Chair in Public Finance: Working Paper Series: Recent submissions

  • Does the Composition of Government Expenditure Matter for Long-run GDP Levels? 
    Gemmell, Norman; Kneller, Richard; Sanz, Ismael (Te Herenga Waka—Victoria University of Wellington, 2014)
    We examine the long-run GDP impacts of changes in total government expenditure and in the shares of different spending categories for a sample of OECD countries since the 1970s, taking account of methods of financing ...
  • Explaining International Differences in the Prices of Tradables and Non-Tradables (with a New Zealand Perspective) 
    Falvey, Rodney E; Gemmell, Norman; Chang, Cherry; Zheng, Guanyu (Te Herenga Waka—Victoria University of Wellington, 2014)
    The World Bank's International Comparison Program (ICP) data on national price levels for tradables and non-tradables (and goods compared to services) reveals that New Zealand has relatively high prices of both tradables ...
  • Housing Affordability: Lessons from the United States 
    Skidmore, Mark (Te Herenga Waka—Victoria University of Wellington, 2014)
    Over the last two decades, New Zealand experienced a threefold increase in housing prices. The largest surge in prices in recent years occurred between 1998 and 2007, a period of housing price growth in many developed ...
  • The Prices of Goods and Services in New Zealand : An International Comparison 
    Gemmell, Norman (Te Herenga Waka—Victoria University of Wellington, 2014)
    This paper analyses the latest (2005) data available from the World Bank’s InternationalComparison Program (ICP). It assesses the extent to which the prices of goods and services in New Zealand (NZ) differ from those ...
  • Longevity Trends and their Implications for the Age of Eligibility for New Zealand Superannuation 
    O'Connell, Alison (Te Herenga Waka—Victoria University of Wellington, 2014)
    This paper focuses on New Zealand's longevity trends and their relevance to the age of eligibility for New Zealand Superannuation (NZS). The age of eligibility for NZS was a key issue in the 2010 and previous Reviews of ...
  • Property Tax Delinquency - Social Contract in Crisis: The Case of Detroit 
    Alm, James; Hodge, Timothy R.; Sands, Gary; Skidmore, Mark (Te Herenga Waka—Victoria University of Wellington, 2014)
    In this paper we develop a theoretical model of the individual decision to become delinquent on one’s property tax payments. We then apply the model to the City of Detroit, Michigan, USA, where the city is in the midst of ...
  • Using Surveys of Business Perceptions as a Guide to Growth-Enhancing Fiscal Reforms 
    Misch, Florian; Gemmell, Norman; Kneller, Richard (Te Herenga Waka—Victoria University of Wellington, 2014)
    This paper assesses the merits of using business perceptions of growth constraints as a guide to growth-enhancing fiscal policy reforms. Using endogenous growth models in which the government levies an income tax to provide ...
  • Measuring Revenue-Maximising Elasticities of Taxable Income: Evidence for the US Income Tax 
    Creedy, John; Gemmell, Norman (Te Herenga Waka—Victoria University of Wellington, 2014)
    A recent review of empirical estimates of the elasticity of taxable income (ETI) concluded that ‘the US marginal top rate is far from the top of the Laffer curve’ (Saez et al, 2012, p.42). This paper provides a detailed ...
  • Complementarity in Models of Public Finance and Endogenous Growth 
    Misch, Florian; Gemmell, Norman; Kneller, Richard (Te Herenga Waka—Victoria University of Wellington, 2014)
    This paper considers the effects of complementarity in private production between private and public inputs on optimal fiscal policy under the objective of growth maximization. Using an endogenous growth model with public ...
  • The Elasticity of Taxable Income, Welfare Changes and Optimal Tax Rates 
    Creedy, John (Te Herenga Waka—Victoria University of Wellington, 2013)
    This paper provides a technical introduction to the use of the elasticity of taxable income in welfare comparisons and optimal tax discussions. It draws together, using a consistent framework and notation, a number of ...
  • Estimating Firm-Level Effective Tax Rates and the User Cost of Capital in New Zealand 
    Fabling, Richard; Gemmell, Norman; Kneller, Richard; Sanderson, Lynda (Te Herenga Waka—Victoria University of Wellington, 2013)
    Effective marginal tax rates can be very different from the statutory rate and vary across firms, reflecting such factors as the extent and nature of taxable deductions (losses, depreciation), asset and ownership structures, ...
  • Taxpayers' Behavioural Responses and Measures of Tax Compliance 'Gaps': A Critique 
    Gemmell, Norman; Hasseldine, John (Te Herenga Waka—Victoria University of Wellington, 2013)
    The work of Feldstein (1995, 1999) has stimulated substantial conceptual and empirical advances in economists’ approaches to analysing taxpayers’ behavioural responses to changes in tax rates. Meanwhile, a largely independent ...
  • The Distribution of Income and Fiscal Incidence by Age and Gender: Some Evidence from New Zealand 
    Aziz, Omar; Gemmell, Norman; Laws, Athene (Te Herenga Waka—Victoria University of Wellington, 2013)
    This paper examines the age and gender dimensions of income distribution and fiscal incidence in New Zealand using Household Expenditure Survey (HES) data for 2010 and a non-behavioural micro-simulation model. Since many ...
  • Alternative Distributions for Inequality and Poverty Comparisons 
    Creedy, John (Te Herenga Waka—Victoria University of Wellington, 2013)
    This paper provides an introductory review of the alternative possible income distributions which can be used when making cross-sectional evaluations of the effects of taxes and transfers using a household economic survey. ...
  • An Analysis of Benefit Flows in New Zealand using a Social Accounting Framework 
    Aziz, Omar; Carroll, Nick; Creedy, John (Te Herenga Waka—Victoria University of Wellington, 2013)
    This paper presents a social accounting model to examine the entrants, exits and transitions of individuals among a wide range of benefit categories in New Zealand. Transition rates and flows are estimated separately for ...
  • Tax Policy with Uncertain Future Costs: Some Simple Models 
    Ball, Christopher; Creedy, John (Te Herenga Waka—Victoria University of Wellington, 2013)
    This paper considers the extent to which the standard argument, that the disproportionate excess burden of taxation suggests the use of tax-smoothing in the face of future cost increases, is modified by uncertainty regarding ...
  • Social Expenditure in New Zealand: Stochastic Projections 
    Creedy, John; Makale, Kathleen (Te Herenga Waka—Victoria University of Wellington, 2013)
    This paper presents stochastic projections for 13 categories of social spending in New Zealand over the period 2011-2061. These projections are based on detailed demographic estimates covering fertility, migration and ...
  • Population Ageing and the Growth of Income and Consumption Tax Revenue 
    Ball, Christopher; Creedy, John (Te Herenga Waka—Victoria University of Wellington, 2013)
    This paper investigates the implications of population ageing and changes in labour force participation rates for projections of revenue obtained from personal income taxation and a consumption tax (in the form of a ...
  • Can Automatic Tax Increases Pay for the Public Spending Effects of Population Ageing in New Zealand? 
    Creedy, John; Gemmell, Norman (Te Herenga Waka—Victoria University of Wellington, 2013)
    This paper examines the extent to which projected aggregate tax revenue changes, association with population ageing over the next 50 years, can be expected to finance expected increases in social welfare expenditures. ...
  • The Growth Effects of Tax Rates in the OECD 
    Gemmell, Norman; Kneller, Richard; Sanz, Ismael (Te Herenga Waka—Victoria University of Wellington, 2013)
    The literature testing for aggregate impacts of taxes on long-run growth rates in the OECD has generally used tax rate measures constructed from macroeconomic aggregates such as tax revenues. These have a number of advantages ...

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