Structural Policies to Overcome Geographic Barriers and Create Prosperity in New Zealand / Yvan Guillemette = Les politiques structurelles requises pour surmonter les obstacles géographiques et promouvoir la prospérité en Nouvelle-Zélande / Yvan Guillemette.

Format:

Book

Government document

Author/Creator:

Guillemette, Yvan, author.

Contributor:

SourceOECD (Online service)

Series:

OECD Economics Department Working Papers 18151973 ; no.696.

OECD Economics Department Working Papers 18151973 ; no.696

Language:

English

Subjects (All):

Economics.

New Zealand.

Local Subjects:

New Zealand.

Physical Description:

1 online resource (44 pages).

Other Title:

Les politiques structurelles requises pour surmonter les obstacles géographiques et promouvoir la prospérité en Nouvelle-Zélande

Place of Publication:

Paris : OECD Publishing, 2009.

System Details:

text file

Summary:

New Zealand's living standards remain well below the OECD average. This is entirely attributable to persistently low labour productivity, which in turn is related to economic geography as well as structural policy factors. The small size and remoteness of the economy diminish its access to world markets, the scale and efficiency of domestic businesses, the level of competition and proximity to the world's technology frontier. This points to the need for a "New Zealand policy advantage", that is, a set of structural policies attractive and welcoming enough to overcome the geographic handicap and attract the drivers of prosperity - investment, skills and ideas - to New Zealand. The reforms of the 1980s and 1990s laid much of the groundwork for creating this advantage and for a pick-up in productivity growth. But in recent years, New Zealand has lost ground relative to its OECD peers. The reform focus shifted away from growth and the government introduced much often poor quality regulation. Policies should be refocused around the productivity goal in a number of areas, beginning with those covered in this paper, namely international trade, the business climate for domestic and foreign investment, public sector efficiency, infrastructure, innovation and natural resources management. This paper also evaluates the recently legislated emissions trading scheme through a productivity lens. This Working Paper relates to the 2009 OECD Economic Survey of New Zealand (www.oecd.org/eco/surveys/nz).

Notes:

Title from title screen (viewed May 1, 2017).

Access Restriction:

Restricted for use by site license.