New Zealand Economic Papers articles from June 2003

New Zealand Economic Papers archives from June 2003

Editor's introduction.(Editorial)
June 1, 2003... The six papers making up this issue of New Zealand Economic Papers focus on New Zealand's growth and productivity performance. The problem that they address is well foretold in the title of the first paper: 'Recent Great Depressions: Aggregate...

Recent great depressions: aggregate growth in New Zealand and Switzerland, 1973-2000.
June 1, 2003... 1. Introduction As measured in the Penn World Tables, Switzerland had the highest income per capita in the world in 1970, and New Zealand the eighth. By 2000, Switzerland had fallen to eighth, and New Zealand had tumbled to twenty-second...

Terms of trade, real GDP, and real value added: a new lLook at New Zealand's growth performance.
June 1, 2003... Preamble Once upon a time there was an island somewhere in the South Seas. The natives spent most of their time fishing. Real GDP in this country was equal to their fish catch. The central bank, by carefully managing the supply of cowry...

Sources of growth and output gaps in New Zealand: new methods and evidence.
June 1, 2003... I. Introduction Much of the research on the macroeconomic performance of countries has focused on identifying the relative contributions of changes in input quantities and total-factor productivity on real-output growth [Young (1995)]....

Productivity growth in New Zealand: 1978-1998.
June 1, 2003... 1. Introduction This paper is an update of our earlier work on relative sectoral productivity performance during the period 1972-1994 in New Zealand (see Fare, Grosskopf, Margaritis 1996). The present investigation uses a more recent data...

Productivity in New Zealand 1988 to 2002.
June 1, 2003... 1. Introduction Productivity growth is inextricably linked to economic growth and increases in welfare. As some recent research suggests that most of the difference in cross-country per capita GDP growth is due to differences in...

Economic growth and the size & structure of government: implications for New Zealand.
June 1, 2003... 1. Background The New Zealand government has set as its economic objective: "to return New Zealand's per capita income to the top half of the OECD and to maintain that standing" (NZ Government, 2002). At the same time it has pledged to...