Background paper

Background paper: Labour productivity growth in the Treasury's fiscal projections

Publication type:
Background paper
Status:
Current
Document (signed) date:
Issue date:
Part of:
Corporate author:
The Treasury
Viewpoint:
The Treasury
Publication category:
Research and commentary
Subjects of New Zealand:
Economic forecasting, Labour force, Productivity
Copyright:
© Crown Copyright, Attribution 4.0 International (CC BY 4.0)
Last updated:

Formats and related files

This background paper accompanies the Half Year Economic and Fiscal Update, which was released on 11 December 2019.

It reviews a range of factors influencing the labour productivity growth assumption in the Treasury's Fiscal Strategy Model (FSM) and the Long-Term Fiscal Model (LTFM). This assumption is relevant for both the regular FSM fiscal projections prepared alongside the Economic and Fiscal Update (EFU), and the Long-Term Fiscal Statement (LTFS), due in 2020, which uses the LTFM.

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