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LS 4: Economic Growth

At a very broad level, economic growth is used as shorthand to refer to the level and growth of average income of New Zealanders.

To understand the role of policy requires an understanding of the factors that have caused the evolution of productivity and input accumulation. This requires an understanding of the ultimate factors that have influenced New Zealand’s growth. These factors include institutions, economic policy, geography and the impact of convergence effects and economic shocks (which are not necessarily mutually exclusive).

There are a variety of different economic tools for thinking about how changes will influence economic outcomes. For instance:

  • Growth accounting approaches typically decompose drivers into their impacts on (multi-factor) productivity and levels of labour and capital input
  • General equilibrium approaches typically consider the impacts of changes in prices or inputs on firm and household behaviour based on a range of assumptions about the way in which households and firms respond to incentives, and
  • Historians often consider the underlying drivers of longer-term patterns and structural change.

Link to the analyst note can be found here.

Please contribute to the Living Standards Knowledge Hub by adding your research and analysis here | measurement and statistics here.

Research and Analysis

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TitleSub-categoriesOrganisationDateUploaded by
Understanding and measuring social capital: A synthesis of findings and recommendations from the Social Capital InitiativeCulture and identity
Economy
Land use
Social connection and governance
Other2001Zoe Wyatt
External Influences on New Zealand’s Economic PotentialEconomyThe Treasury2012Margaret Galt
Saving New Zealand: Reducing Vulnerabilities and Barriers to Growth and ProsperityEconomyOther2011Margaret Galt
Structural Change in the New Zealand Economy 1974-2012EconomyThe Treasury2012Margaret Galt
New Zealand Economic Growth: An Analysis of Performance and PolicyEconomy
Living conditions
Work, knowledge and skills
The Treasury2004Margaret Galt
Health and Labour Force ParticipationHealthThe Treasury2010Joey Au
The Role of Cognitive Skills in Economic DevelopmentWork, knowledge and skillsOther2008Joey Au

Measurement and Statistics

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Indicator NameData SourceSub-categoriesFrequencyUploaded by
Population with low incomesStatistics New ZealandLiving conditionsAd-hocPeter Lee
Ratio of debt services to export earningsStatistics New ZealandEconomyAnnuallyPeter Lee
Real investment in fixed capital per personStatistics New ZealandEconomyAnnuallyPeter Lee
Real net stock of total assets and of infrastructure per personStatistics New ZealandEconomy
Living conditions
AnnuallyPeter Lee
Literacy skillsMinistry of EducationInnovation
Work, knowledge and skills
Ad-hocPeter Lee
Participation in tertiary eductionMinistry of EducationLiving conditions
Work, knowledge and skills
AnnuallyPeter Lee
Educational attainment of the adult population Statistics New ZealandInnovation
Living conditions
Work, knowledge and skills
AnnuallyPeter Lee
Labour productivityStatistics New ZealandWork, knowledge and skillsAnnuallyPeter Lee
Labour force participation rateStatistics New ZealandWork, knowledge and skillsAnnuallyPeter Lee
Rate of innovation by type Statistics New ZealandEconomy
Innovation
Ad-hocPeter Lee
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Source: Statistics NZ

Source: Statistics NZ