Examines how the research capability of staff within New Zealand universities has evolved since 2003.

The paper develops a model to assess the saving and consumption responses of a representative household to a range of policy interventions such as changes in taxes and pension settings.

This note provides an elementary introduction to the measurement of welfare gains from the introduction of a new good, based on the concept of the ‘virtual price’ and standard expressions for welfare changes arising from price changes. Introduction Any attempt to measure changes in living standards using an income or consumption based welfare metric faces...