Steven Bond-Smith | 🇳🇿 🇦🇺 HI 🤙🏻

Assistant Prof. @uhmanoa @UHEROnews | Co-Editor @spatialeconomic | Adjunct @BankwestCurtin | @waikato alum | Economics of regions and growth | Usual disclaimers

[Steven Bond-Smith | 🇳🇿 🇦🇺 HI 🤙🏻 @StevenBondSmith]

There is a glowing article about @UHEROnews this morning from @chadblairCB at @CivilBeat. I'm so proud to be part of this team. https://t.co/vy8hXYlras

[Steven Bond-Smith | 🇳🇿 🇦🇺 HI 🤙🏻 @StevenBondSmith]

@VenningGeorge @mattyglesias This explanation makes no sense. No developer is large enough to affect market wide prices.

[Steven Bond-Smith | 🇳🇿 🇦🇺 HI 🤙🏻 @StevenBondSmith]

@jamesharrigan @sndurlauf That's exactly the point, but with new referees next round.

[Paul Novosad @paulnovosad]

Very interesting.

Economists and AI experts have very similar forecasts on what AI will be able to do in 20 years.

But the AI experts think it will have a much bigger effect on the economy than the economists do.

Why? Because economists study this stuff 🤷‍♂️

[Steven Bond-Smith | 🇳🇿 🇦🇺 HI 🤙🏻 @StevenBondSmith]

@HwnElectric Now without power for more than 40 hours in Mānoa. The storm has passed. This is ridiculous.

[Steven Bond-Smith | 🇳🇿 🇦🇺 HI 🤙🏻 @StevenBondSmith]

I'm hiring a Postdoc at UHERO to work with me on a funded project designing something genuinely new for Hawaiʻi's economy. Real policy impact, rigorous economics, meaningful work. Apply now: https://t.co/PrC8SMSIcI Please share! #EconJobs #Hawaii

[Steven Bond-Smith | 🇳🇿 🇦🇺 HI 🤙🏻 @StevenBondSmith]

That's my ongoing research agenda @UHEROnews: designing policies that support economic growth and income growth in Hawaiʻi. Policy design is crucial.

Read my report here https://t.co/eHG9onyQs0 and follow UHERO as this work develops.

[Steven Bond-Smith | 🇳🇿 🇦🇺 HI 🤙🏻 @StevenBondSmith]

Hawaiʻi is one of the most expensive places in the U.S., but its deeper problem is low per capita growth. As a result, after adjusting for prices, Hawaiʻi looks more like a “left-behind” economy than a priced-out metro.

Read my report here https://t.co/eHG9onyQs0

[Steven Bond-Smith | 🇳🇿 🇦🇺 HI 🤙🏻 @StevenBondSmith]

But we've seen this rhetoric before, and nothing has changed. What's needed is good governance: careful initiative selection, continuous monitoring, accountability, and constant adaptation based on improving outcomes.

[Steven Bond-Smith | 🇳🇿 🇦🇺 HI 🤙🏻 @StevenBondSmith]

@JessePeltan That's a bit misleading. Exports were previously a much smaller share of China GDP, but its domestic market was far smaller at that time. The size of the domestic market isn't really apparent here at all.

[Steven Bond-Smith | 🇳🇿 🇦🇺 HI 🤙🏻 @StevenBondSmith]

The social media team missed the mark here. Instead of taking credit for improving housing affordability by contributing to an ongoing recession, they could have highlighted even greater gains due to not revoking planning reforms that have been enormously successful.

[Christopher Luxon @chrisluxonmp]

Under National, a monthly mortgage repayment for a $550k loan is $2,839.

Under Labour it was $3,678.

National cut wasteful spending which has helped lower inflation and interest rates, easing pressure on families.

[Peter Tulip @peter_tulip]

Our planning system mainly considers the interests of local residents, so blocks new housing, making it unaffordable.
If instead it also considered the interests of outsiders, then we would have abundant inexpensive housing. As in this VCAT decision by Michael Deidun. 1/2

[Steven Bond-Smith | 🇳🇿 🇦🇺 HI 🤙🏻 @StevenBondSmith]

@StuartBDonovan @_RoboBoogie Ok, I see it's a lottery once a school hits capacity. Also a tracked system which would spread some of the preferences. Density and a high frequency public transport system help a lot too. Interesting approach.

[Steven Bond-Smith | 🇳🇿 🇦🇺 HI 🤙🏻 @StevenBondSmith]

@StuartBDonovan @_RoboBoogie How does the algorithm assign schools when first preferences hit capacity?

[Andrew Leigh @ALeighMP]

“Australia is Freaking Amazing” is the title of @JustinWolfers’ Boyer Lecture. And a pretty good description of Justin too.🇦🇺

Listen here: https://t.co/6VX9taqINO #auspol