Costs, benefits, and East-West Connections

How transport projects are evaluated has always been of interest to me. I believe that although the standard cost benefit analysis approach that lies behind the NZTA economic evaluation manual has its flaws, the resulting BCR is still an important factor in determining whether a project, or a particular project option, should proceed.…
36 Comments

Optimal heritage zoning: an empirical perspective

Back in July, I went down to Wellington for this year’s New Zealand Association of Economists conference. I really enjoy NZAE – people attend because they’re genuinely excited about sharing their ideas and learning from other people. (Stu Donovan and John Polkinghorne were also there.) I was presenting a paper on using hedonic analysis of property sales to assess and compare the costs and benefits of planning regulations.…
25 Comments

Wise words from the (Australian) Productivity Commission

One of the best things done recently by governments on both sides of the Tasman has been the establishment of Productivity Commissions tasked with investigating the economic efficiency (or lack thereof) of various policy areas. The NZ Productivity Commission, which only started up in 2011, has been diligently building an evidence base on issues as diverse as international freight, service sector productivity, and land use policies.…
18 Comments

Upcoming seminar: New ideas in economic evaluation

Next Tuesday, the Government Economics Network and Auckland Council are hosting a seminar entitled “Economic evaluation in Auckland – new ideas and challenges“. It’s on a topic that I personally find very interesting – some readers may also be keen: Estimating the economic impact of transport interventions using the Gross Value Added approach.…
2 Comments