A Contribution Towards the New Zealand's Tax Reform

We use the work-leisure choice model to estimate equilibrium labour supply (hours-worked) in New Zealand and Australia over the period 2000 – 2008. We then stochastically solve the model over a future period from 2010 to 2015, and then re-solve it under six different tax policy scenarios for New Zealand. We evaluate the welfare and relative productivity implications of each policy.Taxes, labour supply, welfare and productivity.

A Contribution Towards the New Zealand's Tax Reform A Contribution Towards New Zealand's Tax Reform

Abstract We use the work-leisure choice model to estimate equilibrium labour supply (hoursworked) in New Zealand over the period 2000 -2008. We then stochastically solve the model over a future period from 2010 to 2050, and evaluate the New Zealand's new tax policy. We compare the welfare and relative productivity (i.e., relative to Australia) outcomes for several tax policy scenarios. JEL Classification Numbers: C63, E62, J2

Is EMU a viable model for monetary integration in the Arabian Gulf?

The Gulf Cooperation Council (GCC) intends to form a monetary union using the EMU process as a blueprint, including a set of Maastricht-style convergence criteria. Yet, as the 2010 deadline approaches, few of the necessary institutional preparations have been made. This paper argues that while GCC leaders considered the economic case (on the whole beneficial) they neglected to fully consider the political implications of monetary union. It concludes that devolving decision-making powers to pan-GCC institutions, the need for greater levels of budgetary transparency and fiscal discipline may presently be considered too costly for the region's ruling elites.monetary union, economic integration, economic policy objectives, Gulf Cooperation Council states, comparative studies,