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Antony Andrews
- Assistant Professor
- Ext: 5247
My passion lies in applied econometrics research, particularly in areas like productivity and efficiency analysis, time-series forecasting, and causal inference. My academic journey is complemented by real-world industry experience, which I garnered through various roles at New Zealand's Inland Revenue Department. From being a Customer Service Representative (2007-2012) to an Analyst (2014-2016), I've developed a practical understanding of the intricacies of fiscal policies and revenue systems, which enriches my research and teaching. I'm always open to exploring new avenues of study and collaborating with others who share these interests (find my publications below). Beyond research, I actively contribute to internationalization efforts at Ajman University's College of Business Administration. I firmly believe in the power of intercultural exchange and fostering educational partnerships and research collaborations. This passion extends to my teaching philosophy, where I strive to provide students with diverse global learning experiences through programs like articulation, exchange, and international study tours. Teaching is more than a profession for me; it's a lifelong pursuit fueled by the excitement and insights of my students. I view them as partners in my own growth and embrace the opportunity to guide and nurture the future leaders of our world. Outside academia, I find joy in my family life. Happily married with two daughters, they inspire me both personally and professionally. Whether you're a colleague seeking research collaboration or a student needing guidance, I'm eager to connect and create enriching academic experiences that advance knowledge and benefit society. Feel free to reach out!
Education
- Doctor of Philosophy in Economics , AUT University, New Zealand, 2021
- Bachelor of Business Studies with Honours in Economics, Massey University, New Zealand, 2016
- Bachelor of Applied Economics, Massey University, New Zealand, 2014
Doctor of Philosophy in Economics , AUT University, New Zealand, 2021
Bachelor of Business Studies with Honours in Economics, Massey University, New Zealand, 2016
Bachelor of Applied Economics, Massey University, New Zealand, 2014
Experience
- Assistant Professor of Economics, College of Business Administration, Ajman University, United Arab Emirates (2022-current)
- Lecturer, AUT University, New Zealand (2018-2022)
- Teaching assistant, School of Economics, AUT University, New Zealand (2016-2021)
- Analyst, Inland Revenue Department, New Zealand (2014-2016)
- Returns & Collections Enforcement Officer, Inland Revenue Department (2012 -2014)
- Customer Service Representative, Inland Revenue Department (2007-2012)
Assistant Professor of Economics, College of Business Administration, Ajman University, United Arab Emirates (2022-current)
Lecturer, AUT University, New Zealand (2018-2022)
Teaching assistant, School of Economics, AUT University, New Zealand (2016-2021)
Analyst, Inland Revenue Department, New Zealand (2014-2016)
Returns & Collections Enforcement Officer, Inland Revenue Department (2012 -2014)
Customer Service Representative, Inland Revenue Department (2007-2012)
Teaching Area
- Microeconomics
- Quantitative Analysis
- Managerial Economics
- Data Analysis for Business
Microeconomics
Quantitative Analysis
Managerial Economics
Data Analysis for Business
Research
- Efficiency & Productivity Analysis (DEA & SFA)
- Bayesian Structural Time Series
- Time Series Forecasting
- Gaussian Processes
Efficiency & Productivity Analysis (DEA & SFA)
Bayesian Structural Time Series
Time Series Forecasting
Gaussian Processes
Publications
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JournalAntony Andrews, Nikeel Nishkar Kumar , Decoding financial performance of US-listed entities: A sectoral exploration of input efficiency amid stochastic volatility, Finance Research Letters, Apr 2024, doi: https://doi.org/10.1016/j.frl.2024.105458
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JournalAntony Andrews, Contradictory Results: Reassessing the Impact of Loan-to-Value Restrictions on House Price Inflation, Australian Economic Review, Mar 2024, doi: https://doi.org/10.1111/1467-8462.12547
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JournalAntony Andrews & Grigorios Emvalomatis , Do adjustment costs constrain public healthcare providers’ technical efficiency? Evidence from the New Zealand Public Healthcare System, Health Care Management Science, Mar 2024
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JournalAntony Andrews and Grigorios Emvalomatis, Efficiency Measurement in Healthcare: The Foundations, Variables, and Models – A Narrative Literature Review, Economics The Open-Access, Open-Assessment Journal, Jan 2024, doi: https://doi.org/10.1515/econ-2022-0062
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JournalAntony Andrews & Grigorios Emvalomatis, Dynamic analysis of healthcare providers’ cost efficiency, Applied Economics, Sep 2023
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JournalAntony Andrews & Grigorios Emvalomatis, What drives the productivity growth of New Zealand district health boards: technology, efficiency, or scale?, New Zealand Economic Papers, Feb 2023, doi: https://www.tandfonline.com/doi/full/10.1080/00779954.2023.2181859
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JournalAntony Andrews, Sean Kimpton, Econometric Forecasting of Tourist Arrivals Using Bayesian Structural Time-Series, Economic Papers, Apr 2023, doi: https://doi.org/10.1111/1759-3441.12383
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JournalQuality-efficiency trade-off when the state is the sole provider of hospital services: Evidence from New Zealand, Australian Economic Papers, Dec 2022, doi: https://doi.org/10.1111/1467-8454.12288
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JournalAsymmetric reactions in the tourism-led growth hypothesis, Australian Economic Papers, Jun 2022, doi: https://doi.org/10.1111/1467-8454.12272
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JournalPersistent and Transient Inefficiency of Australian States and Territories in Providing Public Hospital Services: An Application of Bayesian Stochastic Finite Mixture Frontier Analysis, Economic Papers: A journal of applied economics and policy, Apr 2021, doi: https://doi.org/10.1111/1759-3441.12310
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JournalAn application of PCA-DEA with the double-bootstrap approach to estimate the technical efficiency of New Zealand District Health Boards, Health Economics, Policy and Law, Jan 2021, doi: https://doi.org/10.1017/S1744133120000420
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JournalWant to Improve Public Health Access? Let’s Start with the Basics: Measuring Efficiency Correctly, PharmacoEconomics Open, Apr 2020, doi: https://doi.org/10.1007/s41669-020-00213-y
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JournalOn The Productivity of New Zealand State and State-Integrated Schools: Is Bigger Better?, Public Administration Quarterly, Dec 2020, doi: https://doi.org/10.37808/paq.44.4.5
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JournalPersistence of Cost Inefficiency Among Schools: A Myth or Reality?, Economic Papers: A journal of applied economics and policy, Jul 2020, doi: https://doi.org/10.1111/1759-3441.12291
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JournalAntony Andrews, Investigating Technical Efficiency and its Determinants: Case of New Zealand District Health Boards, Health Policy and Technology, Sep 2020, doi: https://doi.org/10.1016/j.hlpt.2020.04.006
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JournalAntony Andrews, The Efficiency of New Zealand District Health Boards in Administrating Public Funds: An Application of Bootstrap DEA and Beta Regression, International Journal of Public Administration, May 2020, doi: https://doi.org/10.1080/01900692.2020.1755685
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JournalJiang N. & Andrews, A. , Efficiency of New Zealand’s District Health Boards at Providing Hospital Services: A stochastic frontier analysis, Journal of Productivity Analysis, May 2019, doi: https://doi.org/10.1007/s11123-019-00550-z
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Book ChapterEfficiency of New Zealand District Health Boards, Global Encyclopedia of Public Administration, Public Policy, and Governance, Springer International Publishing
Antony Andrews, Nikeel Nishkar Kumar , Decoding financial performance of US-listed entities: A sectoral exploration of input efficiency amid stochastic volatility, Finance Research Letters, Apr 2024, doi: https://doi.org/10.1016/j.frl.2024.105458
This study explores the complex relationship between firm efficiency and stochastic volatility, focusing on how firms utilise inputs to generate sales and the impact of financial shocks on efficiency levels. Utilising a dataset of 476 U.S. firms across 23 sectors from 2010 to 2022, it integrates stochastic volatility into efficiency analysis, treating volatility as an evolving, unobserved process diverging from traditional methods. The research classifies sectors into various efficiency performance categories based on their response to economic fluctuations. Findings show divergent patterns across sectors, with some exhibiting consistent efficiency and others facing erratic performance due to market and technological changes. This analysis provides valuable insights into sectoral adaptability and resilience in fluctuating economic conditions, offering strategic implications for managers and policymakers.
About the journal
Antony Andrews, Contradictory Results: Reassessing the Impact of Loan-to-Value Restrictions on House Price Inflation, Australian Economic Review, Mar 2024, doi: https://doi.org/10.1111/1467-8462.12547
Using Bayesian Structural Time Series analysis, this study examines the causal impact of loan-to-value (LTV) restrictions imposed by the Reserve Bank of New Zealand in October 2013. By incorporating state-space components, such as local linear trend, seasonality and regression, counterfactual values of house price indices are predicted. Surprisingly, the study reveals that the implementation of LTV restrictions had no significant effect on national house price indices, contradicting prior Central Bank studies that reported a nearly 3 percentage-point decrease in housing cost inflation. This contradictory evidence challenges existing perceptions of the effectiveness of LTV restrictions in curbing house price inflation.
About the journal
Antony Andrews & Grigorios Emvalomatis , Do adjustment costs constrain public healthcare providers’ technical efficiency? Evidence from the New Zealand Public Healthcare System, Health Care Management Science, Mar 2024
Efficiency analysis is crucial in healthcare to optimise resource allocation and enhance patient outcomes. However, the prompt adaptation of inputs can be hindered by adjustment costs, which impact Long-Run Technical Efficiency (LRTE). To bridge this gap in healthcare literature, this research employs a Bayesian Dynamic Stochastic Frontier Model to estimate parameters and explore healthcare efficiency dynamics over time. The study reveals the LRTE for New Zealand District Health Boards (DHBs) as 0.76, indicating around 32% more input utilisation due to adjustment costs. Most DHBs exhibit consistent short-run operational efficiency, with the national Short-Run Technical Efficiency (SRTE) very close to the LRTE. Among the tertiary providers, Auckland and Capital & Coast DHBs operate below the LRTE level, setting them apart from other tertiary providers. Similarly, Tairawhiti and West Coast DHBs also fall below the LRTE level, as indicated by their SRTE scores, potentially influenced by their unique healthcare settings and resource challenges. This research brings a new perspective to policy discussions by incorporating the temporal dynamics of decision-making and considering adjustment costs. It underscores the need to balance short-term and long-term technical efficiency, underlining their collective significance in fostering a sustainable and efficient healthcare system in New Zealand.
About the journal
Antony Andrews and Grigorios Emvalomatis, Efficiency Measurement in Healthcare: The Foundations, Variables, and Models – A Narrative Literature Review, Economics The Open-Access, Open-Assessment Journal, Jan 2024, doi: https://doi.org/10.1515/econ-2022-0062
Efficiency and productivity analysis have been critical in healthcare and economics literature. Despite the tremendous innovation in methodology and data availability, a comprehensive literature review on this topic has not been conducted recently. This article provides a three-part literature review of healthcare efficiency and productivity studies. It begins by reviewing the two primary empirical methods used in healthcare efficiency studies, emphasising the treatment of inefficiency persistence. Second, previous contributions to healthcare productivity research are discussed with a focus on methodology and findings. In the third section, various measures of outputs, inputs, and prices in health literature are explored to determine the extent of consensus in the literature. On the methodological front, the literature review shows that while the Data Envelopment Analysis and the Stochastic Frontier Analysis have been used extensively in healthcare productivity and efficiency studies, their application in the context of longitudinal data is limited. Further, no study currently undertakes to measure the TFP changes and its components that use both primal and dual approaches. There is also a considerable variation in the use of inputs, outputs, and price variables, suggesting that the use of variables in healthcare productivity and efficiency literature rests on the balance between data availability and the research scope.
About the journal
Antony Andrews & Grigorios Emvalomatis, Dynamic analysis of healthcare providers’ cost efficiency, Applied Economics, Sep 2023
About the journal
Antony Andrews & Grigorios Emvalomatis, What drives the productivity growth of New Zealand district health boards: technology, efficiency, or scale?, New Zealand Economic Papers, Feb 2023, doi: https://www.tandfonline.com/doi/full/10.1080/00779954.2023.2181859
About the journal
Antony Andrews, Sean Kimpton, Econometric Forecasting of Tourist Arrivals Using Bayesian Structural Time-Series, Economic Papers, Apr 2023, doi: https://doi.org/10.1111/1759-3441.12383
This article introduces the Bayesian structural time series (BSTS) as a potential tool for forecasting in the tourism literature. Using data on Australian tourist arrivals in New Zealand, the forecasting accuracy of the estimated model is evaluated using a fixed partitioning approach. The MAPE of the fitted model is 3.11 per cent for the validation stage and 2.75 per cent for the test stage. The BSTS outperforms two other competing models both in the validation and test stage. In addition to forecasting, BSTS also estimates the trend, trend slope, and seasonality that change over time.
About the journal
Quality-efficiency trade-off when the state is the sole provider of hospital services: Evidence from New Zealand, Australian Economic Papers, Dec 2022, doi: https://doi.org/10.1111/1467-8454.12288
About the journal
Asymmetric reactions in the tourism-led growth hypothesis, Australian Economic Papers, Jun 2022, doi: https://doi.org/10.1111/1467-8454.12272
About the journal
Persistent and Transient Inefficiency of Australian States and Territories in Providing Public Hospital Services: An Application of Bayesian Stochastic Finite Mixture Frontier Analysis, Economic Papers: A journal of applied economics and policy, Apr 2021, doi: https://doi.org/10.1111/1759-3441.12310
About the journal
An application of PCA-DEA with the double-bootstrap approach to estimate the technical efficiency of New Zealand District Health Boards, Health Economics, Policy and Law, Jan 2021, doi: https://doi.org/10.1017/S1744133120000420
About the journal
Want to Improve Public Health Access? Let’s Start with the Basics: Measuring Efficiency Correctly, PharmacoEconomics Open, Apr 2020, doi: https://doi.org/10.1007/s41669-020-00213-y
About the journal
On The Productivity of New Zealand State and State-Integrated Schools: Is Bigger Better?, Public Administration Quarterly, Dec 2020, doi: https://doi.org/10.37808/paq.44.4.5
About the journal
Persistence of Cost Inefficiency Among Schools: A Myth or Reality?, Economic Papers: A journal of applied economics and policy, Jul 2020, doi: https://doi.org/10.1111/1759-3441.12291
About the journal
Antony Andrews, Investigating Technical Efficiency and its Determinants: Case of New Zealand District Health Boards, Health Policy and Technology, Sep 2020, doi: https://doi.org/10.1016/j.hlpt.2020.04.006
About the journal
Antony Andrews, The Efficiency of New Zealand District Health Boards in Administrating Public Funds: An Application of Bootstrap DEA and Beta Regression, International Journal of Public Administration, May 2020, doi: https://doi.org/10.1080/01900692.2020.1755685
This study uses quarterly data from 2011 to 2018 to evaluate the technical efficiency of New Zealand District Health Boards (DHBs) in providing hospital services. It examines how efficiency is affected by various patient structures and contextual factors. An intertemporal data envelopment analysis and bootstrap approach are used to compute the bias-corrected technical efficiency scores, followed by highly flexible beta regression to assess the relationship between technical efficiency and related factors. The results indicate that the technical efficiency levels of New Zealand DHBs have not improved since 2011, and on average DHBs could increase their provision of hospital services by approximately 12%. Furthermore, most of the poor performing DHBs operate in the area of high socio-economic deprivation. The results from beta regression show that DHBs providing hospital services in highly deprived areas are associated with a decreasing level of technical efficiency as the proportion of surgical, acute, Māori and Pacific inpatient increases. However, an increase in capital to labour ratio improves the technical efficiency of these DHBs. Therefore, policymakers need to formulate comprehensive strategies involving a longer time horizon that facilitates capital investments in critical technology and capacity development to improve the long-run efficiency performance of DHBs operating in the area of high deprivation.
About the journal
Jiang N. & Andrews, A. , Efficiency of New Zealand’s District Health Boards at Providing Hospital Services: A stochastic frontier analysis, Journal of Productivity Analysis, May 2019, doi: https://doi.org/10.1007/s11123-019-00550-z
The majority of secondary and tertiary healthcare services in New Zealand are provided through public hospitals managed by 20 local District Health Boards. Due to data issues and ill-judged generic public perceptions, efficiency studies are insufficient in spite of the extensive empirical literatures available. This inevitably leads to criticisms about the perverse incentives which might be created by the National Health Targets designed to improve the performance of public health services. Utilizing a multifaceted administrative hospital dataset, this is the first case study to measure both the technical and cost efficiency of New Zealand public hospitals during the period of 2011–2017. More specifically, it deals with the question of how hospital efficiency varies with respect to activities accounted for by the National Health Targets. The empirical results show no evidence that these targets are achieved at the expenses of lowering the overall efficiency of hospital operations. The national technical efficiency is averaged at 86 percent over the period and cost efficiency is 85 percent. The results are derived by stochastic input distance function and cost frontier in order to accommodate multiple outputs and limited number of census observations. Efficiency ranking is sensitive to specifications of the inefficiency error term, but reasonably robust to the choice of functional form and different proxies for capital input.
About the journal
Efficiency of New Zealand District Health Boards, Global Encyclopedia of Public Administration, Public Policy, and Governance, Springer International Publishing
About the journal
Conference Presentation
- “Forecasting tourist arrivals using Bayesian Structural Time Series” New Zealand Association of Economists Annual Conference, June 2022.
- “New Zealand District Health Boards’ efficiency in the presence of stochastic volatility and spatial dependence” New Zealand Association of Economists Annual Conference, June 2021.
- “Persistent and Transient Inefficiency of Australian States and Territories in Providing Public Hospital Services” School of Economics seminar, Auckland University of Technology, April 2021.
- “Cost Inefficiency Persistence: The Case of New Zealand District Health Boards” University of Dundee, United Kingdom, October 2020.
- “Measuring the Technical Efficiency of New Zealand District Health Boards” Faculty of Medical and Health Sciences. University of Auckland, May 2020.
- “Measuring the Persistence of Technical Inefficiency among New Zealand District Health Boards” Auckland University of Technology, October 2020.
- “Measuring the Persistence of Technical Inefficiency among New Zealand District Health Boards” New Zealand Productivity Commission, February 2020
- "Unobserved Heterogeneity, Scale Economies and Cost Inefficiency Persistence: The Case of New Zealand District Health Boards” New Zealand Virtual PhD workshop, September 2020.
- "Is Foreign direct investment export-oriented? Evidence from sectoral data". New Zealand Finance Colloquium, University of Auckland, February 2017.
“Forecasting tourist arrivals using Bayesian Structural Time Series” New Zealand Association of Economists Annual Conference, June 2022.
“New Zealand District Health Boards’ efficiency in the presence of stochastic volatility and spatial dependence” New Zealand Association of Economists Annual Conference, June 2021.
“Persistent and Transient Inefficiency of Australian States and Territories in Providing Public Hospital Services” School of Economics seminar, Auckland University of Technology, April 2021.
“Cost Inefficiency Persistence: The Case of New Zealand District Health Boards” University of Dundee, United Kingdom, October 2020.
“Measuring the Technical Efficiency of New Zealand District Health Boards” Faculty of Medical and Health Sciences. University of Auckland, May 2020.
“Measuring the Persistence of Technical Inefficiency among New Zealand District Health Boards” Auckland University of Technology, October 2020.
“Measuring the Persistence of Technical Inefficiency among New Zealand District Health Boards” New Zealand Productivity Commission, February 2020
"Unobserved Heterogeneity, Scale Economies and Cost Inefficiency Persistence: The Case of New Zealand District Health Boards” New Zealand Virtual PhD workshop, September 2020.
"Is Foreign direct investment export-oriented? Evidence from sectoral data". New Zealand Finance Colloquium, University of Auckland, February 2017.
Memberships, Awards and Honors
- Best Internationalization Efforts Award (June 2024), College of Business Administration, Ajman University
- Postgraduate Research Award (May 2021), Auckland University of Technology.
- Graduate Assistantship Award (June 2016- November 2020), Auckland University of Technology
- Top Student Advanced Econometrics (July 2014), Massey University, Auckland.
- Top Student Advanced Microeconomics (July 2013), Massey University, Auckland.
- Massey University Dean’s List Award (April 2012), Massey University, Auckland.