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New Zealand Economic Growth: An Analysis of Performance and Policy

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This paper is one of a series of ongoing contributions to the development of Treasury's understanding of New Zealand economic growth and the development of policy advice on economic growth. It was prepared in response to Treasury Senior Management Group (SMG) commissioning a synthesis of Treasury's work on New Zealand's economic growth performance and the policy issues that are raised by that analysis. The paper provides a review of Treasury's current understanding of New Zealand's historical growth performance, the determinants of economic growth as adduced from the international literature and New Zealand empirical research, and the strengths and weaknesses in New Zealand's policy settings as they apply to economic growth. This paper, which was completed in November 2003, was primarily written with an internal Treasury audience in mind. We are releasing this paper to share our findings with a wider audience and to add to public debate on this important policy area.

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  • Nathan McLellan & David Law & Melleny Black, 2004. "New Zealand Economic Growth: An Analysis of Performance and Policy," Treasury Papers Series tp04/01, New Zealand Treasury.
    • Handle: RePEc:nzt:nzttps:tp04/01
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    File URL: https://www.treasury.govt.nz/sites/default/files/2007-11/economicgrowth.pdf
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    References listed on IDEAS

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    4. Robert J. Barro, 1998. "Determinants of Economic Growth: A Cross-Country Empirical Study," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262522543, December.
    5. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    6. Michael Bleaney & Norman Gemmell & Richard Kneller, 2001. "Testing the endogenous growth model: public expenditure, taxation, and growth over the long run," Canadian Journal of Economics, Canadian Economics Association, vol. 34(1), pages 36-57, February.
    7. Tim Besley, 2001. "From micro to macro: public policies and aggregate economic performance," Fiscal Studies, Institute for Fiscal Studies, vol. 22(3), pages 357-374, September.
    8. Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
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