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The New Zealand Economic Revolution : Lessons for Canada?

Author

Listed:
  • Grafton, R-Q
  • Hazleding, T
  • Buchardt, B

Abstract

New Zealand, beginning in 1984, implemented a virtual economic revolution that involved trade liberalization, privatization of state assets and crown corporations, deregulation of labour markets, the establishment of an independent central bank, a major reform of public finances and taxes, and a restructuring of welfare and the provision of health care and education. The New Zealand experience provides lessons to Canadian policy makers.

Suggested Citation

  • Grafton, R-Q & Hazleding, T & Buchardt, B, 1997. "The New Zealand Economic Revolution : Lessons for Canada?," Working Papers 9705e, University of Ottawa, Department of Economics.
    • Handle: RePEc:ott:wpaper:9705e
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    Cited by:

    1. Stillman, Steven & Velamuri, Malathi & Aitken, Andrew, 2010. "The long-run impact of New Zealand's structural reform on local communities," Journal of Comparative Economics, Elsevier, vol. 38(4), pages 432-448, December.

    More about this item

    Keywords

    ECONOMIC REFORM ; CANADA ; NEW ZEALAND;
    All these keywords.

    JEL classification:

    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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