New Zealand’s renewable energy as a percentage of the total primary energy supply
24 Mar 2016 Leave a comment
in economic history, energy economics Tags: geothermal power, renewable energy, solar power, wind power
Poverty reduction in Africa is even greater than previously thought
24 Mar 2016 Leave a comment
in applied welfare economics, econometerics, economic history, growth disasters, growth miracles Tags: Africa, extreme poverty, global poverty, The Great campus game
Median Income for Married Couples with Both Spouses Working
23 Mar 2016 Leave a comment
in economic history, economics of love and marriage, labour economics Tags: asymmetric marriage premium, middle class stagnation, pessimism bias, wage stagnation
Source: Mark Perry.
The 1st @PaulKrugman on globalisation & development @harleyhs #TPPANoWay
22 Mar 2016 Leave a comment
in development economics, economic history, growth disasters, growth miracles, international economics Tags: anti-market bias, antiforeign bias, GATT, gender analysis, gender wage gap, makework bias, NAFTA, pessimism bias, preferential trading agreements, rational irrationality, TPPA, WTO
Source: Paul Krugman (1997) Enemies of the WTO.
This visiting American education professor who specialises in globalisation, claimed in the linked radio interview that real wages had fallen in the USA and Mexico. Even for the bottom 20% of the USA, their after-tax household incomes increased by 40% since 1979, with most of that after the signing of NAFTA.
Everything that is bad in crony capitalist Mexico is the fault of NAFTA if our visiting academic is to be believed despite trade tripling and investment increasing 600% because of NAFTA.
Women’s earnings growth has been perfectly fine over the last 40 years despite the horrors of NAFTA and the attack on unions and workers rights by a top 1% emboldened by NAFTA and globalisation, if our visiting academic is to be believed.
Gender analysis, gender analysis, where is his gender analysis of NAFTA? Few labour market statistics make sense without being broken down by sex because of the immense economic progress of women in the last 50 years. Can NAFTA claim credit for that?
Left-wing governments are rare in Australia
21 Mar 2016 Leave a comment
in constitutional political economy, economic history, politics - Australia, Public Choice Tags: Australian Labour Party, Bob Hawke, Gough Whitlam, left-wing governments, Paul Keating, Social Democrats
There have been one left-wing government in Australia since 1949. That was the Whitlam government elected between 1972 to 1975.
The Australian Labour Party defeated a tired and smelly Liberal National party government that had held office for 23 years. There was no landslide when it was time to throw out a 23 year government.
Gough Whitlam managed to beat dopey old Billy McMahon on a small swing and win a majority of 9 seats in 1972. That was later reduced to 7 in the 1974 election.
Hawke, Keating, Rudd and Gillard Labour governments were all social democratic governments. They were not left-wing governments.
Creative destruction in car industry market shares
21 Mar 2016 Leave a comment
in economic history, entrepreneurship, industrial organisation, international economics, survivor principle Tags: creative destruction
The Swedish tax mix as a percentage of GDP since 1965
21 Mar 2016 Leave a comment
in economic history, public economics Tags: growth of government, size of government, Sweden
Source: OECD Stat.
Remembering @JeremyCorbyn’s good old days
20 Mar 2016 Leave a comment
in economic history, politics - USA, urban economics Tags: British economy, British politics, pessimism bias, The Great Enrichment
Unadjusted US gender wage gap at the 10th, 50th and 90th percentiles in 1980, 1989, 1998 and 2010
19 Mar 2016 Leave a comment
in discrimination, economic history, gender, human capital, labour economics, labour supply, occupational choice Tags: compensating differentials, gender wage gap
Much ducking and diving is required to explain why the women with most options in life have the largest gender wage gap.
Source: The Gender Wage Gap: Extent, Trends, and Explanations by Francine D. Blau, Lawrence M. Kahn :: SSRN via Panel Study of Income Dynamic (PSID).
#EarthHour 10 great public health achievements of 20th century #HAH2016
19 Mar 2016 Leave a comment
in applied welfare economics, economic history, health economics Tags: economics of smoking, fluoridation, public health, The Great Escape, vaccines
British tax mix as a percentage of GDP
19 Mar 2016 Leave a comment
in economic growth, economic history, entrepreneurship, fiscal policy, macroeconomics, public economics Tags: British disease, British economy, growth of government, sick man of Europe, size of government, taxation and entrepreneurship, taxation and investment, taxation and labour supply, Thatchernomics
The large rise in tax in personal income in the 1970s coincided with the rise of the British disease and British economy becoming widely known as the sick man of Europe. The large decline in taxation in personal income under Thatchernomics was followed by an economic boom.
Source: OECD Stat.
Tax mix in New Zealand as percentage of GDP since 1965
19 Mar 2016 Leave a comment
in economic history, politics - New Zealand, public economics Tags: growth of government, size of government, taxation and entrepreneurship, taxation and investment, taxation and labour supply
That GST certainly played a major role since the 1980s. Taxes on corporate profits are on the up and up despite what you would believe from the grumblings of the Left down under.
Source: OECD Stat.
Las Vegas population since 1900
18 Mar 2016 Leave a comment
in economic history, economics of regulation, population economics, urban economics Tags: land supply, land use planning, Las Vegas, zoning
The Las Vegas population doubled in the 60s doubled again between 1970 and 1990 and almost doubled again by 2000.
Source: Insiderviewpoint.com Las Vegas Population.
Between 1990 and 2000 despite the doubling of population, housing prices only increased by 25%.
Source: Insiderviewpoint.com S&P/Case-Shiller Las Vegas Home Price Index – S&P Dow Jones Indices.
Land supply must be pretty easy in Las Vegas at least up until 2000.
Source: Economics of Contempt: Land Use Regulations and the Housing Bubble.
Tax mix in the USA as a percentage of GDP since 1965
18 Mar 2016 Leave a comment
in business cycles, economic history, fiscal policy, great recession, macroeconomics, politics - USA, public economics Tags: company tax, company tax rate, growth of government, GST, indirect taxation, property taxes, size of government, Social Security contributions, taxation and investment, taxation and labour supply, welfare state
The only major change in the US tax mix in the last 50 years has been greater reliance on social security contributions.
Source: OECD Stat.
The share going to income taxes bobbing up and down quite a lot in the last 30 years much of that to do with the business cycle. In the 1990s, the share of taxes from personal income increased during boom times. In the Great Recession, the tax share to income tax rose with the declining economy as did that on corporate profits.
Taxation of personal income and social security contributions as a percentage of US, British, Danish, German, French and New Zealand GDPs since 1965
18 Mar 2016 Leave a comment
in economic history, public economics Tags: growth of government, size of government, social insurance, Social Security, Social Security contributions, taxation and labour supply, welfare state
Source: Tax – Social security contributions – OECD Data and Tax – Tax on personal income – OECD Data.
Utopia, you are standing in it! 
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