2236 results found
  • A step-change to tackle our future infrastructure challenges

    Publication multipage HTML
    Issue date: 20 Aug 2015

    The latest Infrastructure Plan provides a roadmap to tackle the infrastructure challenges faced by New Zealand over the next 30 years. It sets out a necessary step-change in New Zealand’s approach to infrastructure planning and management says Lindsay...

  • Estimating a New Zealand NAIRU (WP 04/10)

    Publication multipage HTML
    Issue date: 1 Sep 2004

    Abstract This paper estimates the non-increasing inflation rate of unemployment or NAIRU for New Zealand. A NAIRU that varies over time has important implications in considering inflationary pressures. This paper estimates the time-varying NAIRU using a...

  • Trade and Migration to New Zealand (WP 04/18)

    Publication multipage HTML
    Issue date: 1 Sep 2004

    Authors: John Bryant, Murat Genç and David Law Abstract This paper examines the hypothesis that a greater stock of migrants in New Zealand from a particular country leads to more trade between that country and New Zealand. The literature suggests that...

  • Institutions, Firms and Economic Growth (WP 04/19)

    Publication multipage HTML
    Issue date: 1 Sep 2004

    New Zealand Treasury Working Paper 04/19 Author: Jane Frances Abstract This paper reviews the literature on institutions and explores the ways in which institutions can influence economic growth, with a particular focus on how institutions affect the...

  • Household incomes in New Zealand The impact of the market, taxes and government spending, 1987/88-1997/98

    Publication multipage HTML
    Issue date: 1 Sep 2004

    Abstract How well have New Zealand households fared over a decade of extensive economic and social changes? This study compares household incomes in 1997/98 with household incomes in 1987/88, using the concept of “final income”. Final income is a...

  • Adult Equivalence Scales, Inequality and Poverty in New Zealand (WP 04/21)

    Publication multipage HTML
    Issue date: 1 Jun 2004

    John Creedy and Catherine Sleeman Abstract This paper examines the sensitivity of inequality and poverty measures to the choice of adult equivalence scales and the type of income unit examined. Comparisons are made using parametric equivalence scales,...

  • Saving in New Zealand: Measurement and Trends (WP 02/02)

    Publication multipage HTML
    Issue date: 1 Mar 2002

    Authors: Iris Claus and Grant Scobie Abstract This paper examines the trends in saving in New Zealand. It considers different sources of information about saving and highlights issues with the measurement of saving. Illustrations are provided of the...

  • Subsidiarity: Implications for New Zealand (WP 02/03)

    Publication multipage HTML
    Issue date: 1 Mar 2002

    Authors: Kevin Guerin Abstract Subsidiarity requires taking decisions at the level of government best placed to do so, but does not say what that level is. Rather, it gives a broad framework within which to have the debate. Implementing subsidiarity...

  • Long-term Fiscal Projections and their Relationship with the Intertemporal Budget Constraint: An Application to New Zealand (WP 02/04)

    Publication multipage HTML
    Issue date: 1 Mar 2002

    Abstract The fiscal gap calculates the change in fiscal policy settings needed to achieve a particular debt target at some point in the future. This working paper calculates fiscal gaps for New Zealand under a range of scenarios, including alternative...

  • The Economics of Population Ageing (WP 02/05)

    Publication multipage HTML
    Issue date: 1 Mar 2002

    Authors: John Stephenson and Grant Scobie Abstract Demographic forecasts predict that over the next fifty years the proportion of people in New Zealand over the age of 65 will more than double, from 12 percent in 1999 to 26 percent in 2050. This paper...

  • Ethnicity and Early Labour Market Experiences in the Christchurch Health and Development Study (WP 02/06)

    Publication multipage HTML
    Issue date: 1 Mar 2002

    Abstract This study uses data from the Christchurch Health and Development Study to investigate differences by ethnicity in early labour market experiences of a birth cohort born in Christchurch in 1977. The study finds that Maori youth acquire fewer...

  • Migration and Macroeconomic Performance in New Zealand: Theory and Evidence (WP 14/10)

    Publication multipage HTML
    Issue date: 8 Apr 2014

    Abstract New Zealand immigration policy settings are based on the assumption that the macroeconomic impacts of immigration may be significantly positive, with at worst small negative effects. However, both large positive and large negative effects are...

  • An Analysis of Benefit Flows in New Zealand Using a Social Accounting Framework (WP 13/01)

    Publication multipage HTML
    Issue date: 31 Jan 2013

    Authors: Omar Aziz, Nick Carroll and John Creedy Abstract This paper presents a social accounting model to examine the entrants, exits and transitions of individuals among a wide range of benefit categories in New Zealand. Transition rates and flows...

  • Women's participation in the labour force (WP 05/06)

    Publication multipage HTML
    Issue date: 1 Jun 2005

    Abstract Labour force participation is a topical issue in New Zealand. It is well known that the participation of New Zealand women aged 25-39 is low in comparison with women in other OECD countries. There has been considerable interest in policies...

  • The Changing Gender Distribution of Paid and Unpaid Work in New Zealand (WP 05/07)

    Publication multipage HTML
    Issue date: 1 Jun 2005

    Abstract This paper explores five main questions regarding the gender distribution of work, primarily in the context of couples with young children. These are: how much total paid and unpaid work is carried out in New Zealand?; how is this work shared...

  • To Save or Save Not: Intergenerational Neutrality and the Expansion of New Zealand Superannuation

    Publication multipage HTML
    Issue date: 18 Feb 2014

    Author: Andrew Coleman Abstract Increases in longevity mean the size of New Zealand's public retirement income programme, New Zealand Superannuation, will automatically expand unless the age of eligibility is increased. This paper analyses the...

  • How Does the Exchange Rate Affect the Real Economy? A Literature Survey (WP 13/26)

    Publication multipage HTML
    Issue date: 18 Dec 2013

    Abstract We examine the relationship between exchange rate movements and the real economy – an area that has been the focus of considerable debate in recent years. We consider different concepts of exchange rate equilibrium, and review recent evidence...

  • Indicators of Fiscal Impulse for New Zealand (WP 02/30)

    Publication multipage HTML
    Issue date: 1 Dec 2002

    Authors: Renee Philip and John Janssen Abstract This paper defines fiscal impulse as a measure of whether government fiscal policy decisions are adding to, or subtracting from, aggregate demand pressures in the economy. When assessing the effects of...

  • Food Expenditure and GST in New Zealand

    Publication multipage HTML
    Issue date: 8 Apr 2014

    Authors: Christopher Ball, John Creedy and Michael Ryan Abstract This paper has two main aims. First, the poor targeting of a policy of zero-rating food in a goods and services tax (GST) is illustrated in a simple model where the revenue lost from zero...

  • Estimating New Zealand's Output Gap Using a Small Macro Model (WP 13/18)

    Publication multipage HTML
    Issue date: 16 Jul 2013

    Abstract The Treasury has been testing the assumptions on the potential growth rate of the New Zealand economy. In this paper, we estimate a small macro model using Bayesian techniques, which allows us to assess the level of uncertainty of the estimates...

  • Review of the KiwiSaver Fund Manager Market Dynamics and Allocation of Assets

    Publication multipage HTML
    Issue date: 16 Sep 2015

      Abstract Kiwisaver has grown at a rapid rate since its introduction and makes up a growing share of household financial assets. This review sets out to make observations about the competitiveness and efficiency of the market for fund managers in...

  • Saving in New Zealand - Issues and Options

    Publication multipage HTML
    Issue date: 8 Sep 2010

    Foreword The Government has appointed an independent Savings Working Group (SWG) to provide it with advice on how New Zealand can improve its national saving. The topic of saving has been a long-standing area of interest within the Treasury. This...

  • Government and economic growth: Does size matter? (TP11/01)

    Publication multipage HTML
    Issue date: 1 Apr 2011

      Abstract The size and structure of the state sector plays an important role in overall economic performance, with general or total government expenditure accounting for more than 40% of GDP. This paper explores the theory and evidence around the...

  • Working Towards Higher Living Standards for New Zealanders (TP11/02)

    Publication multipage HTML
    Issue date: 25 May 2011

      Abstract Working Towards Higher Living Standards for New Zealanders describes how Treasury thinks about and works towards its vision of "higher living standards for New Zealanders". Treasury's understanding of the term living standards goes...

  • Putting Productivity First (TPRP 08/01)

    Publication multipage HTML
    Issue date: 3 Apr 2008

    Abstract “Productivity and the growth of productivity must be the first economic consideration at all times, not the last. That is the source of technological innovation, jobs, and wealth”. A country’s ability to raise its standard of living depends on...

  • New Zealand's Productivity Performance (TPRP 08/02)

    Publication multipage HTML
    Issue date: 3 Apr 2008

    Abstract Productivity is about how efficiently a firm or any other organisation can turn its inputs, such as labour and capital, into outputs in the form of goods and services. Over the long term, productivity is the key determinant of a country’s...

  • International Connections and Productivity: Making Globalisation Work for New Zealand

    Publication multipage HTML
    Issue date: 2 Apr 2009

    Acknowledgements This paper was prepared by Nic Blakeley, Amy Cruickshank, Neil Kidd, and Cushla Thompson. Comments were provided by staff in the Treasury, along with MFAT, MED, and DoL.  Thanks in particular go to Mario Di Maio, Geoff Lewis,...

  • Innovation and Productivity: Using Bright Ideas to Work Smarter

    Publication multipage HTML
    Issue date: 17 Apr 2008

    Acknowledgements This paper was prepared by Geoff Lewis.  Comments were provided by staff in the Treasury.  Thanks in particular go to Sid Durbin, James Beard, Kirsty Flannagan, Melody Guy and Mario di Maio.   Summary Innovation is one of five ‘...

  • Working Smarter: Driving Productivity Growth Through Skills

    Publication multipage HTML
    Issue date: 17 Apr 2008

    Preface to this productivity series New Zealand faces a big challenge to overcome its long-standing productivity shortfall One of the biggest challenges facing New Zealand is its productivity shortfall relative to other OECD countries: New Zealand is...

  • Taking on the West Island: How does New Zealand's labour productivity stack up? (TPRP 10/01)

    Publication multipage HTML
    Issue date: 19 Oct 2010

    Abstract New Zealand’s productivity performance has gained considerable attention in recent times, particularly compared with Australia’s. Using a three-pronged approach, this paper seeks to shed new light on that relative performance. First...

  • Investment, Productivity and the Cost of Capital: Understanding New Zealand's 'Capital Shallowness' (TPRP 08/03)

    Publication multipage HTML
    Issue date: 17 Apr 2008

    Acknowledgements This paper was principally drafted by Max Dupuy. Additional sections were drafted by James Beard.  Comments were also provided by Treasury staff and also by Leni Hunter at the Reserve Bank of New Zealand. Summary and Introduction...

  • Enterprise and Productivity: Harnessing Competitive Forces (TPRP 08/04)

    Publication multipage HTML
    Issue date: 17 Apr 2008

    Acknowledgements This paper was prepared by Neil Kidd. Comments were provided by staff in the Treasury. Thanks in particular go to Nic Blakeley, Norman Gemmell, Ben Naylor and Sian Roguski. Summary New Zealand faces a big challenge to overcome its...

  • Making Use of the ICAT Scores: Guidance for Departments

    Publication multipage HTML
    Issue date: 15 Apr 2016

    The Internal Control Assessment Tool (ICAT) survey examines nine principles of good practice for evaluating and improving internal control systems, focusing on areas where the practical application of internal control often fails in many organisations....

  • Guidelines for Setting Charges in the Public Sector [2017]

    Publication multipage HTML
    Issue date: 28 Apr 2017

    The Treasury first issued the 'Guidelines for Setting Charges in the Public Sector' in 1999.  This latest review of the guidance has been prompted by Ministerial interest in ensuring an ‘open book’ approach is applied to cost recovery charges...

  • An Introduction to New Zealand's Fiscal Policy Framework

    Publication multipage HTML
    Issue date: 26 Mar 2015

    This guide describes New Zealand's fiscal policy framework. A fiscal framework is a set of rules that governments must adhere to when setting fiscal policy. Browse section/chapter Download/Page range How does our fiscal policy framework operate? The...

  • Treasury Instructions 2014

    Publication multipage HTML
    Issue date: 12 Sep 2014

    Treasury Instructions are issued under Section 80 of the Public Finance Act 1989. Treasury Instructions were extensively revised from 1 July 2007 as a result of the adoption of New Zealand International Financial Reporting Standards into generally...