Measuring New Zealand’s Productivity
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.
|Date of creation:||1999|
|Contact details of provider:|| Postal: New Zealand Treasury, PO Box 3724, Wellington, New Zealand|
Phone: +64-4-472 2733
Fax: +64-4-473 0982
Web page: http://www.treasury.govt.nz
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:nzt:nztwps:99/05. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Web and Publishing Team, The Treasury)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.