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International Economics

Introduction

In a small open economy like New Zealand, an understanding of how international markets work (both goods markets and financial markets) and an appreciation of the role played in our own economic lives by the international economy is crucial to national well-being. New Zealand economists have traditionally been very strong in the area of international economics (perhaps because of this recognition of its great practical significance) and this tradition holds as much at Otago as elsewhere. Currently there are three faculty members whose central research interests are in International economics but the pervasiveness of the discipline is evidenced by the fact that at least three others are active in areas where international economics is important.

The Department has active research interests in both the real side of international trade and the financial side (Alan King) and the research covers not only pure theory but empirical work as well as policy studies.

Current research programmes include studies of the evolution of New Zealand trade policy; the political economy of NZ trade policy; the econometric modelling of the determinants of exports; and the interaction of trade and competition policies. The debate over NZ trade policy under the economic reforms of the last decade and a half, for example, has stirred considerable international interest and the work of Otago researchers in this field is widely cited. The issue of trade and competition policy, by way of another example, is increasingly the focus of debate in the OECD and WTO (World Trade Organisation) on the future direction of international trade agreements.

Links

Beyond the many general sources of economics links (such as the AEAweb or WebEc) there are some good sites for international economics...

Data - General, Penn World Tables, OECD data, EconData (at University of Maryland)

Institutions - World Bank, IMF, European Union, WTO, OECD, APEC

NZ government - Home, Economic Development, Stats, MFAT, Treasury, Reserve Bank

Others - NZIER, NZ Universities