Keeping profits in New Zealand

The tourism industry is the second biggest for New Zealand and is expected to regain the top spot if current, exponential growth continues. Online travel agencies (OTAs) such as those owned by Expedia Inc. and Booking Holdings Inc. facilitate this boom by encouraging travellers to visit beautiful locations, but are taking huge chunks of this income away from the local Gross-Domestic Product (GDP) in the commission they charge on every night of accommodation booked. One of the largest consumers of New Zealand’s tourism industry is Chinese nationals. This study looks at feasibility of a small player developing an app in a market full of large corporates that are dominating the playing field. The primary research used mixed methods and sought to reach 120 questionnaire respondents and 10 interview participants which uncovered thoughts on stakeholders on either side of the discussion, the China-based potential customers and the New Zealand-based accommodation providers. Preliminary results indicate that Chinese nationals are often likely to conduct thorough research when making decisions about international travel and a large portion are enthused about the prospect of regular international travel. Accommodation providers in New Zealand are rarely hesitant to support a local OTA as they are often frustrated with the poor service received from the large corporates. Developing an app that is based in China and attempts to market the New Zealand tourism industry will be a difficult proposition but is plausible with the implementation of a marketing plan that is strategically thought out

Understanding the barriers to real estate investment in developing economies

Baum (2008a) related the number of real estate funds investing in developing economies to simple economic and demographic variables, and showed that, while the popularity of markets was explained by population and GDP per capita, some countries receive more or less investment than the model predicted. Why is this? In this paper we undertake a literature review to identify the barriers which inhibit international real estate investment. We test our initial findings by questioning property investment professionals through semi-structured interviews. By doing this we were able to verify our list of barriers, identify those barriers which are most likely to affect real estate investors, and to indicate whether there are any real estate-specific variables that create barriers which have not received any academic attention. We show that distortions in international capital flows may be explained by a combination of these formal and informal barriers

Some geodesic problems in groups

We consider several algorithmic problems concerning geodesics in finitely generated groups. We show that the three geodesic problems considered by Miasnikov et al [arXiv:0807.1032] are polynomial-time reducible to each other. We study two new geodesic problems which arise in a previous paper of the authors and Fusy [arXiv:0902.0202] .Comment: 6 page

Understanding the Barriers to Real Estate Investment in Developing Economies

In this paper we undertake a literature review to identify the barriers which inhibit international real estate investment.  We test our initial findings by questioning property investment professionals through semi-structured interviews.  By doing this we were able to verify our list of barriers, identify those barriers which are most likely to affect real estate investors, and to indicate whether there are any real estate-specific variables that create barriers which have not received any academic attention.  We show that distortions in international capital flows may be explained by a combination of these formal and informal barriers

Human Capital and Productivity in British Columbia

This report provides an assessment of human capital development in British Columbia. The province's performance is above average according to the majority of the indicators we analyze, relative to both the rest of Canada and other OECD countries. However, this does not mean that there is no room for improvement. We identify four areas in which improvements would be likely to contribute to productivity growth in British Columbia: the underutilization of the skills of recent immigrants; the poor educational outcomes of Aboriginal people; the below-average production of advanced human capital through graduate training; and the problem of high school non-completion. We provide policy recommendations pertaining to each of these four challenges.productivity, human capital, immigration, education, aboriginal education gap

The State of Private Sector Electronic Labour Exchange Services in Canada

This report has two aims. The first is to provide a descriptive overview of the services offered by private sector electronic labour exchanges (ELEs) in Canada. The second is to assess those services in terms of their likely effects on labour market matching, their accessibility, and the degree to which they satisfy the needs of all Canadian jobseekers and employers. The report finds that there is a robust private sector in ELE services in Canada. The private sector provides a broader range of services than the main public sector alternative, Job Bank. However, there are key areas in which the private sector does not deliver adequate services. The public sector, through Job bank, can take the lead in providing specialized job-search services tailored toward groups with unique labour market needs.labour market matching, electronic labour exchange services, private sector, public sector

State of the Evidence on Health as a Determinant of Productivity

Canada's labour productivity performance has been abysmal since 2000, both relative to our historical experience and to that in the United States. In theory, a deterioration of the health status of Canadian workers could explain slower productivity growth. However, the evidence does not support this hypothesis. Nevertheless, there is no doubt that illness and disability impose a massive indirect economic burden on the Canadian economy because many persons of working age are unable to work. Canada's potential level of "social productivity" is lower because of this situation. This is an output shortfall issue, not a conventional productivity issue, and it is important not to confuse the two.labour productivity, health status, absenteeism, presenteeism, Canada

Configuration Controllability of Simple Mechanical Control Systems

In this paper we present a definition of "configuration controllability" for mechanical systems whose Lagrangian is kinetic energy with respect to a Riemannian metric minus potential energy. A computable test for this new version of controllability is derived. This condition involves an object which we call the symmetric product. Of particular interest is a definition of "equilibrium controllability" for which we are able to derive computable sufficient conditions. Examples illustrate the theory