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Productivity in New Zealand 1988 to 2002

  • Melleny Black
  • Melody Guy
  • Nathan McLellan

This paper reports new aggregate and industry productivity series for the New Zealand economy for the period 1988 to 2002. Comparison between Australia and New Zealand shows that market sector multifactor productivity growth has been similar in both countries over the full sample period. Since 1994 average labour productivity growth has been higher in Australia, which reflects the relatively lower rate of physical capital accumulation in New Zealand after 1993. On the other hand, New Zealand's capital productivity growth has been higher than Australia's capital productivity growth since 1994, reflecting the relatively higher growth in hours worked in New Zealand.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/00779950309544381
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Article provided by Taylor & Francis Journals in its journal New Zealand Economic Papers.

Volume (Year): 37 (2003)
Issue (Month): 1 ()
Pages: 119-150

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Handle: RePEc:taf:nzecpp:v:37:y:2003:i:1:p:119-150
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  1. Nathan McLellan, 2004. "Measuring Productivity using the Index Number Approach: An Introduction," Treasury Working Paper Series 04/05, New Zealand Treasury.
  2. W A Razzak, 2004. "Towards Building A New Consensus About New Zealand’s Productivity," GE, Growth, Math methods 0405002, EconWPA.
  3. William Easterly & Ross Levine, 2002. "It's Not Factor Accumulation: Stylized Facts and Growth Models," Working Papers Central Bank of Chile 164, Central Bank of Chile.
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