title: Regional and industry cycles in Australasia: Implications for a common currency

authors: Grimes, Arthur

subjects: common currency

abstract: If two countries experience similar cycles, loss in monetary sovereignty following currency union may not be severe. Analysis of cyclical similarity is frequently carried out at the overall industry level, then interpreted with reference to regional industrial structures. By contrast, this paper explicitly incorporates regional industry structure into an examination of Australasian cycles. Since 1991, NZ and Australasian cycles have been highly correlated, but there is little evidence that the NZ cycle has been “caused” by Australian regional or industry cycles. We test whether the NZDAUD exchange rate has insulated NZ from Australian shocks, but find it has not played a major buffering role in response to Australian industry shocks (including mining shocks). Instead, the strongest impacts on the NZDAUD stem from the NZ cycle. An important loss of monetary sovereignty under currency union may therefore arise in response to NZ-specific shocks.

text: Regional and industry cycles in Australasia: Implications for a common currency If two countries experience similar cycles, loss in monetary sovereignty following currency union may not be severe. Analysis of cyclical similarity is frequently carried out at the overall industry level, then interpreted with reference to regional industrial structures. By contrast, this paper explicitly incorporates regional industry structure into an examination of Australasian cycles. Since 1991, NZ and Australasian cycles have been highly correlated, but there is little evidence that the NZ cycle has been “caused” by Australian regional or industry cycles. We test whether the NZDAUD exchange rate has insulated NZ from Australian shocks, but find it has not played a major buffering role in response to Australian industry shocks (including mining shocks). Instead, the strongest impacts on the NZDAUD stem from the NZ cycle. An important loss of monetary sovereignty under currency union may therefore arise in response to NZ-specific shocks.

year: 2005

title: Human capital, higher education and graduate migration: An analysis of Scottish and Welsh students

authors: Faggian, Alessandra

subjects: migration behaviour

abstract: This paper reports on a model of the sequential migration behaviour of some 76 000 Scottish and Welsh students, from their domicile location to the location of their higher education and on to their employment location. A logit model methodology is employed to analyse the choice of the location of the university attended, whether inside or outside Scotland or Wales. Then, within a GIS framework, migration-on-migration correlations and elasticities are estimated in order to identify the mobility effects of human capital acquisition. The results confirm the DaVanzo hypothesis that subsequent migration is related to previous migration and also the Sjaastad—Becker hypothesis that higher human capital individuals are more geographically mobile. However, there are institutional differences between the two countries which mean that the mobility effects of human capital acquisition have to be interpreted carefully in the light of other economic, geographical and social influences.

text: Human capital, higher education and graduate migration: An analysis of Scottish and Welsh students This paper reports on a model of the sequential migration behaviour of some 76 000 Scottish and Welsh students, from their domicile location to the location of their higher education and on to their employment location. A logit model methodology is employed to analyse the choice of the location of the university attended, whether inside or outside Scotland or Wales. Then, within a GIS framework, migration-on-migration correlations and elasticities are estimated in order to identify the mobility effects of human capital acquisition. The results confirm the DaVanzo hypothesis that subsequent migration is related to previous migration and also the Sjaastad—Becker hypothesis that higher human capital individuals are more geographically mobile. However, there are institutional differences between the two countries which mean that the mobility effects of human capital acquisition have to be interpreted carefully in the light of other economic, geographical and social influences.

year: 2007

title: The development of an indigenous knowledge program in a New Zealand Maori-language immersion school

authors: Harrison, Barbara

subjects: knowledge

abstract: In 1985, Te Wharekura o Rakaumangamanga initiated a Maori-language immersion program for children ages 5 through 18. In recent years, a program based on Waikato-Tainui tribal epistemology has been incorporated into the language immersion program. This article describes the community context and the language immersion and tribal knowledge programs. We consider the relationship of these programs to individual and tribal self-determination and to theories of minority achievement, particularly the work of John Ogbu.

text: The development of an indigenous knowledge program in a New Zealand Maori-language immersion school In 1985, Te Wharekura o Rakaumangamanga initiated a Maori-language immersion program for children ages 5 through 18. In recent years, a program based on Waikato-Tainui tribal epistemology has been incorporated into the language immersion program. This article describes the community context and the language immersion and tribal knowledge programs. We consider the relationship of these programs to individual and tribal self-determination and to theories of minority achievement, particularly the work of John Ogbu.

year: 2005-03