Cyclical labour market adjustment in New Zealand: The response of firms to the global financial crisis and its implications for workers

This note examines labour market performance across countries through the lens of Okun's Law. We find that after the 1970s but prior to the global financial crisis of the 2000s, the Okun's Law relationship between output and unemployment became more homogenous across countries. These changes presumably reflected institutional and technological changes. But, at least in the short term, the global financial crisis undid much of this convergence, in part because the affected countries adopted different labour market policies in response to the global demand shock.

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The main determinants effecting international visitor arrivals in New Zealand

Tourism Economics ◽

10.1177/1354816616656417 ◽

2016 ◽

Vol 23 (5) ◽

pp. 921-940 ◽

Cited By ~ 7

Author(s):

Azmat Gani ◽

Michael D. Clemes

Keyword(s):

New Zealand ◽

Financial Crisis ◽

Exchange Rates ◽

Global Financial Crisis ◽

Good Governance ◽

Real Exchange Rates ◽

Relative Prices ◽

Per Capita ◽

Main Determinants ◽

The Global Financial Crisis

This study examines the main determinants of international visitor arrivals in New Zealand in light of New Zealand’s major earthquakes in 2010 and 2011 as well as the global financial crisis of 2007. Our results provide strong evidence that visitor origin country per capita incomes, relative prices, real exchange rates, the distance between New Zealand and its main visitor origin countries and New Zealand’s record of good governance are statistically significant determinants of visitor arrivals to New Zealand. Our findings also reveal a negative but statistically insignificant effect of the earthquakes of 2010 and 2011on visitor arrivals to New Zealand. Our findings do not provide any significant regressive effect of the global financial crisis on visitor arrivals to New Zealand.

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Class in New Zealand

Counterfutures ◽

10.26686/cf.v1i0.6442 ◽

2016 ◽

Vol 1 ◽

pp. 71

Author(s):

Patrick Ongley

Keyword(s):

New Zealand ◽

Financial Crisis ◽

Global Financial Crisis ◽

Class Relations ◽

Full Understanding ◽

Social Transformations ◽

Class Society ◽

Current State ◽

Opportune Time ◽

The Global Financial Crisis

In the wake of the global financial crisis and amidst a tide of concern about inequality, now is an opportune time to revisit the topic of class. It is conspicuously absent from most of the discourse surrounding the current state of capitalism and its iniquities, but it is critical to a full understanding of them. In New Zealand, we have always tended to shy away from talk of class, but like all capitalist societies this is a class society, and we are all connected to and divided from others by class relations. Class also connects our present to our past and future, playing key roles in the periodic economic and social transformations shaping our history. New Zealand has been through at least three such transitions, which have all involved significant shifts in class relations and class structures. At this current uncertain juncture in the aftermath of the global financial crisis, we may have the opportunity to forge another transformation.

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