The Economics of Harmonisation: Implications for Reform of Commercial Law and Regulation in New Zealand
This paper provides an economic assessment of the costs and benefits of harmonising New Zealand's commercial laws and regulations with those in Australia or with an OECD norm. It argues that unless the definition of harmonisation is limited to mutual recognition the economics literature surveyed does not support a general presumption in favour of harmonisation of commercial laws.The absence of any presumption in favour of harmonisation is based on the infeasibility of full harmonisation while New Zealand maintains political independence and on the overall requirement for an assessment of the efficiency of any law in the context of the New Zealand economy
To harmonise or not to harmonise, should that be the question? Emissions trading schemes in New Zealand and Australia
Peter Wilson is Group Manager Climate Change at Vector Limited. He manages Vector’s group strategy, policy and specific initiatives related to climate change and energy emissions. Peter joined Vector in 2008 after 17 years with the Treasury, where his last assignment was with the Emissions Trading Group. He was responsible for providing advice to ministers on scheme design and leading the team that prepared the legislation introducing the ETS. in New Zealand and Australia
Did the metamorphosis from Export Processing Zones to Special Economic Zones improve the efficiency of trade enclaves in India?
In this paper, the efficiency of seven conventional Special Economic Zones in India is analyzed, by adopting a stochastic production frontier technique, for the period between 1986–1987 and 2007–2008.Results indicate that although the efficiency scores of these enclaves have improved over the years, specifically with the introduction of the SEZ policy (2000–2001), it is far below the threshold level as identified in the literature. Besides, one can also observe a discrepancy emerging between better export earning zones and efficient zones. On the determinants side, policy intervention and large geographical area, accompanied by clustering of units, are found to have impacted the efficiency scores of these enclaves positively.