In response to the final report of the "New Zealand firms: Reaching for the frontier" inquiry, the Government has asked the Commission to determine whether the productivity dial is shifting, and what progress is being made toward a more sustainable and inclusive economy, or whether more radical change is needed.
This is the first time a government has requested the Commission to undertake a follow-on review to a completed inquiry.
The Commission will assess the Government’s policies and programmes relating to the inquiry, and to lifting New Zealand’s productivity against the recommendations made in the final report of the inquiry. It will also undertake a ‘helicopter-level assessment’ of whether the Government’s reform agenda is having the intended effects.
The follow-on review will establish what progress has been made and look at the development and implementation of policy to lift New Zealand’s productivity performance, and outcomes achieved to date, to improve the living standards and wellbeing of New Zealanders.