Productivity by the numbers: The New Zealand experience

Publication type: 
Research paper
Number: 
RP 2013/01
Author: 
Paul Conway and Lisa Meehan
Publication date: 
20/09/2013
JEL Codes: 
JEL: D24 – Production; Cost; Capital, Multifactor and Total Factor Productivity; Capacity; JEL: O47 – Measurement of Economic Growth; Aggregate Productivity

Summary

This Commission Research Paper provides an assessment of New Zealand’s productivity performance for the whole economy, for individual industries and compared to other OECD countries.

The research shows that New Zealand has generally poor productivity performance – both at the economy-wide and industry levels. This underscores the need for our policy environment to be strongly supportive of productivity growth and for firms to have a clear focus on improving productivity.

OECD presentation

Paul Conway presented this research paper at an OECD Workshop on 23 October 2013.

Related staff blogs

6 October 2013: Labour productivity: what’s in a name? (Lisa Meehan)

27 September 2013: #ETNZ – Competing at the productivity frontier (Paul Conway)

23 September 2013: How does NZ’s productivity performance stack up? (Paul Conway & Lisa Meehan)

Paul Conway, Director, Economics and Research, gives an overview of why productivity is important for New Zealand and how New Zealand is performing compared to other countries.

What is productivity? New Zealand's productivity performance New Zealand's productivity by industry

What next?

  • This paper provides important information on New Zealand’s productivity performance. It is relevant for upcoming research and inquiries carried out by the Commission and its Productivity Hub partners.
  • The Commission is currently undertaking industry-level productivity analysis on: the industry contributions to the 2000s productivity growth slowdown, the contribution of labour reallocation to aggregate productivity growth and the shares of income going to labour and capital.
  • In early 2014, the Commission will publish its initial productivity outcomes monitoring report, which will be updated periodically.

 

Tags: 
Research