Productivity Growth in New Zealand: Economic Reform and the Convergence Hypothesis
نویسندگان
چکیده
منابع مشابه
Productivity growth in New Zealand: economic reform and the convergence hypothesis
The recent productivity experience of the New Zealand economy is examined using a cyclically-adjusted or trend measure of total factor productivity (TFP). On the basis of this measure, the results of estimating a leader-follower convergence relationship suggest that productivity in New Zealand has been converging to US levels through a process of technological diffusion. The evidence also tenta...
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15 صفحه اولWhy Haven’t Economic Reforms Raised Macroeconomic Productivity in New Zealand?
I provide an economic model with endogenous movements in TFP as a tool for understanding a rationale behind the productivity decline in New Zealand. Cohort quality, measured by a country's human capital distribution determines opportunities for growth. Vintages of human skills are subject to network effects. These network effects, while important for productivity, have the side effect of introd...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2002
ISSN: 1556-5068
DOI: 10.2139/ssrn.321396