Measuring New Zealand’s Productivity

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Measuring New Zealand’s Productivity

Author Info

Erwin Diewert
Denis Lawrence

Additional information is available for the following registered author(s):

Walter Erwin Diewert

Abstract

This report was prepared for the Department of Labour, Reserve Bank of New Zealand and Treasury by Dr Denis Lawrence (Tasman Asia Pacific) and Professor Erwin Diewert (University of British Columbia) under contract. The authors examine New Zealand’s market sector productivity performance using two databases. One has been prepared by the authors and contains a large number of input and output variables for the period 1972 to 1998. The second database involves data provided to the authors by officials and allows estimates to be prepared for 20 individual market sectors over the period 1978 to 1998. The authors provide estimates of New Zealand’s total factor, labour and capital productivity, using an index number based methodology. They carry out many sensitivity tests relating to different input, output and functional form specifications. Labour input specifications are found to be important. The results are compared with Australian and OECD estimates and tested for structural breaks over time. Other recent New Zealand contributions to productivity literature are reviewed and statistical measurement problems are discussed. The data and techniques used are fully documented.

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Paper provided by New Zealand Treasury in its series Treasury Working Paper Series with number 99/05.

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Length: 56 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:nzt:nztwps:99/05

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José Zofío & Angel Prieto, 2006. "Return to Dollar, Generalized Distance Function and the Fisher Productivity Index," Spanish Economic Review, Springer, vol. 8(2), pages 113-138, June. [Downloadable!] (restricted)
Other versions:
- Zofío, José Luis & Prieto, Angel, 2005. "Return to Dollar, Generalized Distance Function and the Fisher Productivity Index," Working Papers in Economic Theory 2005/01, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History). [Downloadable!]
Iris Claus, 2000. "Is the output gap a useful indicator of inflation?," Reserve Bank of New Zealand Discussion Paper Series DP2000/05, Reserve Bank of New Zealand. [Downloadable!]
Paul Dalziel, 2002. "New Zealand's Economic Reforms: an assessment," Review of Political Economy, Taylor and Francis Journals, vol. 14(1), pages 31-46, January. [Downloadable!] (restricted)
Paul Conway & Adrian Orr, 2000. "The process of economic growth in New Zealand," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 63, March. [Downloadable!]
Iris Claus, 1999. "Estimating potential output for New Zealand: a structural VAR approach," Reserve Bank of New Zealand Discussion Paper Series DP2000/03, Reserve Bank of New Zealand. [Downloadable!]
John Creedy & Grant M Scobie, 2002. "Population Ageing and Social Expenditure in New Zealand: Stochastic Projections," Treasury Working Paper Series 02/28, New Zealand Treasury. [Downloadable!]
Aaron Drew, 2007. "New Zealand's productivity performance and prospects," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 70, March. [Downloadable!]
Matthew D Shapiro, 2003. "Has the rate of economic growth changed? Evidence and lessons for public policy," Reserve Bank of New Zealand Discussion Paper Series DP2003/07, Reserve Bank of New Zealand. [Downloadable!]
Kevin J Fox, 2005. "Returns to Scale, Technical Progress and Total Factor Productivity Growth in New Zealand Industries," Treasury Working Paper Series 05/04, New Zealand Treasury. [Downloadable!]
W A Razzak, 2004. "Towards Building A New Consensus About New Zealand’s Productivity," GE, Growth, Math methods 0405002, EconWPA. [Downloadable!]
Iris Claus, 2003. "Changes in New Zealand's Production Structure: An Input Output Analysis," Treasury Working Paper Series 03/01, New Zealand Treasury. [Downloadable!]
Julia Hall & Grant Scobie, 2005. "Capital Shallowness: A Problem for New Zealand?," Treasury Working Paper Series 05/05, New Zealand Treasury. [Downloadable!]
Megan Claridge & Sarah Box, 2000. "Economic Integration, Sovereignty and Identity: New Zealand in the Global Economy," Treasury Working Paper Series 00/22, New Zealand Treasury. [Downloadable!]
James Rossiter, 2005. "Measurement Bias in the Canadian Consumer Price Index," Working Papers 05-39, Bank of Canada. [Downloadable!]

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