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

Productivity: still doing poorly

I had been planning to write today about some of the recent Reserve Bank material on electronic currency.  I even took the papers away with me yesterday to read on some flights, but in the course of that reading  –  coincidentally, en route to another funeral – I discovered that a former Reserve Bank colleague, … Continue reading Productivity: still doing poorly

The government consults on slashing productivity growth

Since the current government took office, I’ve highlighted from time to time (eg here) the tension between the rhetoric about the desire to lift New Zealand’s productivity performance (poor for decades, woeful in the last five years or so) and to increase the outward orientation of the economy,  and the specific policy promises which mostly … Continue reading The government consults on slashing productivity growth

Lifting productivity (and fixing housing, etc): what I’d do

When, a week or so ago, I wrote about how our political (and bureaucratic) leaders appeared to have given up hope, and to have lost any serious interest in turning around New Zealand’s dismal long-term productivity performance (and even worse short-term performance), and linked to my recent speech on such themes, a few commenters asked … Continue reading Lifting productivity (and fixing housing, etc): what I’d do

This is what productivity means

Presbyterian Support Northern is hosting a series of lectures on different aspects relevant to the wellbeing of children.  The first lectures were given by Australian Labor MP, and former economics professor, Andrew Leigh.  I wrote about his lectures here. I was asked to speak on something around productivity and the wellbeing of children (thus there … Continue reading This is what productivity means

Productivity Commission and the path of least resistance

The Productivity Commission’s draft report on making a transition to a low-emissions economy is out this morning.   It is a 503 page document and so, of course, I haven’t read very much of it.  But electronic search is a wonderful tool. As I noted yesterday, despite having had a fairly large (by international standards) … Continue reading Productivity Commission and the path of least resistance

Emissions, population growth, and the Productivity Commission

Early tomorrow morning the Productivity Commission will be releasing its draft report on how New Zealand can transition to a low emissions economy.   The report was commissioned by the previous government, but this will be the first real test for the Commission in dealing with the new government –  for whom this is an … Continue reading Emissions, population growth, and the Productivity Commission

The Treasury reminds us that GDP – and productivity – really is almost everything

In recent times, we’ve heard endlessly from The Treasury and the government about the emphasis they want to place on the “living standards framework” Treasury has been cooking up for some years for a left-wing government (the previous government had little interest).  We are constantly told that there should be less emphasis on GDP-based measures. … Continue reading The Treasury reminds us that GDP – and productivity – really is almost everything

Not much encouragement in the productivity data

New Zealand’s weak productivity performance has been an on-and-off theme of discussion for decades.   We’ve been falling behind for 70 years now, something that was recognised by expert observers almost 60 years ago. In all that time, there has never been any sustained period when we’ve made any progress in closing the gap.   … Continue reading Not much encouragement in the productivity data