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Echanching Productivity: Towards an Updated Action Agenda

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Abstract

This paper presents an explanation of how the dynamic but uncertain process of economic development and growth occurs. It shows that economic development leads to structural change, an enhancement of capabilities and path dependence in the economy. It examines three different approaches to understanding the performance of the New Zealand economy and shows that performance of the New Zealand economy is consistent with its structure and sophistication. It suggests areas where policy might be developed to enhance New Zealand’s economic performance, and argues that both improvements in framework policies and enhancement of facilitative policies will be required to improve New Zealand’s economic performance. However, the development of specific policies is left for later work.

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  • Procter, Roger, 2011. "Echanching Productivity: Towards an Updated Action Agenda," Occasional Papers 11/1, Ministry of Economic Development, New Zealand.
    • Handle: RePEc:ris:nzmedo:2011_001
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    More about this item

    Keywords

    Economic growth; New Zealand; productivity; development; innovation; trade; structural change; industry policy;

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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