iPredict just added a “return on investment” ranking – so that we can see who made the most out of their limited capital. Although I am not on the list (Note: I wonder why, was my initial investment too low to be included?), I noticed that “Economist” is number 1. Furthermore, I’m relatively sure that …
Monthly Archive: May 2009
Permanent link to this article: http://www.tvhe.co.nz/2009/05/19/ipredict-return-on-investment/
May
19
2009
Another infrastructure project
Earlier we discussed the urban regeneration project. Now it appears that the project requires a bailout (ht Greg Mankiw):
Permanent link to this article: http://www.tvhe.co.nz/2009/05/19/another-infrastructure-project/
May
19
2009
Hand waving, model making, and variable lags
I would suggest that anyone who is interested in economic models reads this post, namely because I agree with it wholeheartedly While it might seem cool to run some regressions and get a result that you believe will tell you the future it is important to realise what your implicit assumptions are. If you add …
Permanent link to this article: http://www.tvhe.co.nz/2009/05/19/hand-waving-model-making-and-variable-lags/
May
18
2009
More definitions of economics
I just asked this new Wolfram Alpha search engine “what is economics”. It told me: Economics: The branch of social science that deals with the production and distribution and consumption of goods and services and their management This differs from the Robbins definition of economic science: Economics is a science which studies human behavior as …
Permanent link to this article: http://www.tvhe.co.nz/2009/05/18/more-definitions-of-economics/
May
15
2009
So tired …
Of productivity talk. On dicussing the NZIER report (which we discussed here) Kiwiblog mentions: Productivity growth is all important. Productivity is a ratio – I could increase it right now by shooting half the population. It is the output that matters here, and how much we have to sacrifice to get it. Increasing output (which …
Permanent link to this article: http://www.tvhe.co.nz/2009/05/15/so-tired/
May
15
2009
The durable drop and timing
So according to the Stats NZ figures, the quantity of durable consumption goods (cars, appliances, furniture, drills etc) purchased fell very quickly during the March quarter. Now they have been dropping for a while – but this drop was off the charts. Durable goods are seen as a “leading indicator” (in combination with durable investment …
Permanent link to this article: http://www.tvhe.co.nz/2009/05/15/the-durable-drop-and-timing/
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