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Productivity in New Zealand 1988 to 2002

Author

Listed:
  • Melleny Black

    ()

  • Melody Guy

    ()

  • Nathan McLellan

    () (The Treasury)

Abstract

This paper reports new aggregate and industry productivity series for the New Zealand economy for the period 1988 to 2002. These productivity series are intended for ongoing monitoring of New Zealand’s productivity performance and for use in further analyses investigating the evolution, sources and determinants of New Zealand’s productivity growth. Productivity series are constructed using index number techniques and industry data sourced from Statistics New Zealand. Throughout, comparisons are made with the productivity estimates reported in Diewert and Lawrence’s (1999), Measuring New Zealand’s Productivity. Industry data are also used to construct productivity series that are comparable with the market sector productivity series published by the Australian Bureau of Statistics. The comparison between Australia and New Zealand shows that market sector multifactor productivity 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.

Suggested Citation

  • Melleny Black & Melody Guy & Nathan McLellan, 2003. "Productivity in New Zealand 1988 to 2002," Treasury Working Paper Series 03/06, New Zealand Treasury.
  • Handle: RePEc:nzt:nztwps:03/06
    as

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    File URL: http://www.treasury.govt.nz/publications/research-policy/wp/2003/03-06/twp03-06.pdf
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    References listed on IDEAS

    as
    1. Iris Claus & David Haugh & Grant Scobie & Jonas Tornquist, 2001. "Saving and growth in an open economy," Treasury Working Paper Series 01/32, New Zealand Treasury.
    2. Robert Buckle & David Haugh & Peter Thomson, 2003. "Calm after the storm? Supply-side contributions to New Zealand's GDP volatility decline," New Zealand Economic Papers, Taylor & Francis Journals, vol. 37(2), pages 217-243.
    3. William Easterly & Ross Levine, 2002. "It´s Not Factor Accumulation: Stylized Facts and Growth Models," Central Banking, Analysis, and Economic Policies Book Series,in: Norman Loayza & Raimundo Soto & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.), Economic Growth: Sources, Trends, and Cycles, edition 1, volume 6, chapter 3, pages 061-114 Central Bank of Chile.
    4. W A Razzak, 2004. "Towards Building A New Consensus About New Zealand’s Productivity," GE, Growth, Math methods 0405002, EconWPA.
    5. Melleny Black & Melody Guy & Nathan McLellan, 2003. "Productivity in New Zealand 1988 to 2002," New Zealand Economic Papers, Taylor & Francis Journals, vol. 37(1), pages 119-150.
    6. Peter Mawson & Kenneth I Carlaw & Nathan McLellan, 2003. "Productivity Measurement: Alternative Approaches and Estimates," Treasury Working Paper Series 03/12, New Zealand Treasury.
    7. Erwin Diewert & Denis Lawrence, 1999. "Measuring New Zealand’s Productivity," Treasury Working Paper Series 99/05, New Zealand Treasury.
    8. Robert A Buckle & David Haugh & Peter Thomson, 2002. "Growth and volatility regime switching models for New Zealand GDP data," Treasury Working Paper Series 02/08, New Zealand Treasury.
    9. Robert A Buckle & Kunhong Kim & Heather Kirkham & Nathan McLellan & Jared Sharma, 2002. "A structural VAR model of the New Zealand business cycle," Treasury Working Paper Series 02/26, New Zealand Treasury.
    10. Nathan McLellan, 2004. "Measuring Productivity using the Index Number Approach: An Introduction," Treasury Working Paper Series 04/05, New Zealand Treasury.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Engelbrecht, Hans-Jurgen & Xayavong, Vilaphonh, 2006. "ICT intensity and New Zealand's productivity malaise: Is the glass half empty or half full?," Information Economics and Policy, Elsevier, vol. 18(1), pages 24-42, March.
    2. Edda Claus & Iris Claus, 2005. "New Zealand'S Economic Reforms And Changing Production Structure," CAMA Working Papers 2005-16, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    3. Arthur Grimes, 2004. "New Zealand: A Typical Australasian Ecomony?," Working Papers 04_11, Motu Economic and Public Policy Research.
    4. Cao, Kay & Forbes, Rod, 2007. "Productivity in the New Zealand Primary and Downstream Sectors," Australasian Agribusiness Review, University of Melbourne, Melbourne School of Land and Environment, vol. 15.
    5. Daan Steenkamp, 2016. "Factor substitution and productivity in New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2016/12, Reserve Bank of New Zealand.
    6. Tim Hazledine & John Quiggin, 2005. "No More Free Beer Tomorrow? Economic policy and outcomes in Australia and New Zealand 1984-2003," Australian Public Policy Program Working Papers WP4P05, Risk and Sustainable Management Group, University of Queensland.
    7. Melleny Black & Melody Guy & Nathan McLellan, 2003. "Productivity in New Zealand 1988 to 2002," New Zealand Economic Papers, Taylor & Francis Journals, vol. 37(1), pages 119-150.
    8. Thijs Raa & Victoria Shestalova, 2011. "The Solow residual, Domar aggregation, and inefficiency: a synthesis of TFP measures," Journal of Productivity Analysis, Springer, vol. 36(1), pages 71-77, August.
    9. repec:bla:ecorec:v:94:y:2018:i:304:p:64-79 is not listed on IDEAS
    10. Ten Raa, T. & Shestalova, V., 2006. "Alternative Measures of Total Factor Productivity Growth," Discussion Paper 2006-54, Tilburg University, Center for Economic Research.
    11. Peter Mawson & Kenneth I Carlaw & Nathan McLellan, 2003. "Productivity Measurement: Alternative Approaches and Estimates," Treasury Working Paper Series 03/12, New Zealand Treasury.
    12. Engelbrecht, Hans-Jurgen & Xayavong, Vilaphonh, 2004. "Information And Communication Technology And New Zealand'S Productivity Malaise: An Industry-Level Study," Discussion Papers 23698, Massey University, Department of Applied and International Economics.
    13. Paul Schreyer, 2007. "International Comparisons of Levels of Capital Input and Multi-Factor Productivity," German Economic Review, Verein für Socialpolitik, vol. 8, pages 237-254, May.
    14. Julie Fry, 2014. "Migration and Macroeconomic Performance in New Zealand: Theory and Evidence," Treasury Working Paper Series 14/10, New Zealand Treasury.
    15. Dimitri Margaritis & Frank Scrimgeour & Michael Cameron & John Tressler, 2005. "Productivity and Economic Growth in Australia, New Zealand and Ireland," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 12(4), pages 291-308.
    16. J. D. Mullen & G. M. Scobie & J. Crean, 2008. "Agricultural research: Implications for productivity in New Zealand and Australia," New Zealand Economic Papers, Taylor & Francis Journals, vol. 42(2), pages 191-211.

    More about this item

    Keywords

    Economic growth; productivity measurement; index numbers; Australia and New Zealand comparison;

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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