9 blog posts found
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MEI Special Topic: Recent Trends in New Zealand’s Productivity
Posted: 2 Jul 2019Productivity measures how efficiently production inputs, such as labour and capital, are used in an economy to produce outputs, or goods or services. Productivity growth is a key driver of incomes... -
The measurement of New Zealand's productivity and capital
Posted: 14 Aug 2018Topic: Capital, Economic growth, Households, Human capital, International investment, Living standards framework, Natural capital, Performance measurement, Physical/financial capital, Productivity, Social capital, Standard of living, Statistics, Technological changeAuthor:"The magic bus meets the little yellow digger" – reflections on the measurement of New Zealand's productivity and capital Back in 1996 I wrote an internal paper on New Zealand's productivity... -
Wellbeing, economics and the long view - reflections on recent work at the OECD
Posted: 6 Aug 2018Topic: Economic conditions, Economics, Globalisation, Labour force, Living standards framework, Organisations, Performance measurement, Productivity, Standard of living, Technological change, Trade, WellbeingAuthor:The Treasury has a small off-shore presence to provide a New Zealand voice in global economic fora and to keep an eye on emerging trends overseas. In this edition of Staff Insights our OECD Economic... -
MEI Special Topic: Adjusting for level shifts in labour market data
Posted: 30 Aug 2017Topic: Employment, Households, Labour force, Productivity, Statistics, Time series models, UnemploymentThis Special Topic uses estimates to re-estimate recent trends in employment growth, hours worked and labour productivity (GDP per hour worked). Statistics New Zealand updated the design of the... -
Why does the world care about New Zealand? Lessons from the OECD
Posted: 16 Jun 2017Topic: Economic conditions, Emissions, Infrastructure, International investment, Organisations, Productivity, Technological change, Tertiary education, UnemploymentAuthor:“Coming from a country that has just recovered from a volatile housing market, I want to offer some suggestions for New Zealand...” We sat in an underground conference room, past two security... -
MEI Special Topic: Key Judgements for the Economic Outlook
Posted: 1 Nov 2016Topic: Budget, Construction, Consumption, Economic forecasting, Economic growth, Economic indicators, Employment, Exports, Foreign exchange, Inflation, Interest rates, Migration, Monetary policy, National accounts, Productivity, Statistics, Tourism, TradeOver the first half of 2016 the economy grew at a faster pace than was expected in the Budget Economic and Fiscal Update (the Budget Update), as did tax revenue. Forward indicators suggest this... -
How to get an export take-off?
Posted: 21 Sep 2016Topic: Capital, Consumption, Economic conditions, Economic growth, Economic integration, Exports, Fiscal policy, Foreign exchange, International investment, Macroeconomics, Monetary policy, Productivity, Savings, Technological change, TradeAuthor:The New Zealand Government is targeting an increase in the ratio of real exports to GDP to 40 percent by 2025. To shed some light on what drives these transitions we looked at episodes to... -
Economic impacts of foreign direct investment
Posted: 16 Aug 2016Topic: Capital, Capital movements, Economic growth, Income, Innovation, International finance, International investment, Investment, National accounts, Productivity, Risk management, Savings, Skilled workersAuthor:In October 2015 the Government published a report, International Investment for Growth, which sets out the benefits of foreign investment for New Zealand. The analysis in this article informed... -
Outlook for the Dairy Sector
Posted: 7 Jun 2016Topic: Agriculture, Budget, Business cycles, Consumption, Economic forecasting, Economic growth, Exports, Investment, Prices, Primary industry, Productivity, Protectionism, Taxation, TradeThis Staff Insight article outlines the Treasury's current understanding of global dairy supply and demand and their implications for the outlook for dairy prices. The article also presents some...