Productivity by the numbers

That is the title of a new paper, intended (it appears) to inaugurate an annual series, from the Productivity Commission.   It is full of interesting tables and charts, and usefully drives home the point –  made repeatedly on this blog, and elsewhere –  that (a) longer-term productivity growth in New Zealand has been poor, … Continue reading Productivity by the numbers

Agricultural sector productivity growth

In the last few weeks, presumably simply by coincidence, I’ve had various comments and emails about productivity growth in the agricultural sector.    The most recent one finally prompted me to dig out the official data and check that my impressions were still supported by the data.  They were.    Agricultural sector productivity growth was … Continue reading Agricultural sector productivity growth

Productivity failure: Treasury clearly has the wrong model

In various commentaries on yesterday’s GDP data, I saw suggestions that the revisions to recent years’ data suggested that the New Zealand economy had been growing “strongly” in recent years. As context for that observation, and perhaps shedding a bit of light on the sadly diminished expectations that appear to have taken hold in New … Continue reading Productivity failure: Treasury clearly has the wrong model

Sluggish productivity growth and financial crises

There has been some interesting material around recently on how many advanced economies (in particular) have undershot over the last decade or so the trends they appeared to be on previously.  Paul Krugman had an interesting column a couple of weeks back, and then the IMF had a whole chapter in their  latest World Economic … Continue reading Sluggish productivity growth and financial crises

The Secretary to the Treasury and productivity

As I noted in Saturday’s post about The Treasury, the Secretary to the Treasury –  he of the rushed citizenship presumably on the grounds of some exceptional services the previous government thought he might offer to New Zealand –  gave a speech last week on productivity. One can feel a little sorry for senior public … Continue reading The Secretary to the Treasury and productivity

The Productivity Commission’s zeal for net-zero

Among those holding the reins of power –  and their supporters –  there appears to be an almost passionate commitment to a goal of eliminating (net) all greenhouse gas emissions by 2050.  So passionate as, it seems, to care very little about the consequences for New Zealanders.  And since some of the easiest and least … Continue reading The Productivity Commission’s zeal for net-zero

A low wage, low productivity (advanced) economy

There was an article on Stuff the other day from Kirk Hope, head of Business New Zealand, suggesting (in the headline no less) that “the idea [New Zealand] is a ‘low-wage economy’ is a myth”.   I didn’t even bother opening the article, so little credence have I come to give to almost anything published under … Continue reading A low wage, low productivity (advanced) economy