Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

November Working, policy perspectives papers

8 November 2005


MEDIA STATEMENT
Immediate Release


Treasury Releases November round of Working papers and policy perspectives papers

The Treasury today released its November round of Working Papers and Policy Perspectives papers.

The Policy Perspectives series aims to bring ideas, analysis and empirical research to bear on topical policy issues. The papers seek to share important insights from economic literature, international policy experience and Treasury research in a manner that is accessible to non-specialist audiences.

The papers released today are:

- Regional Economic Performance in New Zealand: How Does Auckland Compare? (WP 05/08)

- The Effect of New Zealand Superannuation Eligibility Age on the Labour Force Participation of Older People (WP 05/09)

- Measures of Human Capital: a Review of the Literature (WP 05/10)

- Income Growth and Earnings Variations in New Zealand, 1998-2004 (WP 05/11)

- The Contribution of the Primary Sector to New Zealand’s Economic Growth (PP 05/04)

- The Economics of Knowledge: What Makes Ideas Special for Economic Growth?(PP 05/05)

Summaries of the papers follow.

The full papers can be found at: www.treasury.govt.nz/workingpapers

http://www.treasury.govt.nz/media/08nov05.asp

ENDS

The two Policy Perspectives papers released today are:

1. The Economics of Knowledge: What Makes Ideas Special for Economic Growth?
Knowledge is a fundamental input to innovation and, as a result, is important for economic growth. The paper explores the special characteristics of knowledge that together create the potential for markets on their own to fail to deliver the best outcome for society. Various institutions and policies have evolved to address potential problems around knowledge creation and diffusion. This paper provides a basis for further and more detailed analysis of specific policy proposals. Important questions to answer are those about the costs of policy options relative to their benefits, and whether New Zealand is creating and diffusing less (or more) knowledge than is socially optimal.

2. The Contribution of the Primary Sector to New Zealand’s Economic Growth
Primary sector growth has been strong relative to the whole economy over the last 25 years, and the sector has a generally positive growth outlook. Some of the key factors that will influence the sector’s future performance include international trade conditions, environmental constraints (in particular water and climate change), property rights, biosecurity threats and human capital issues. This paper highlights the government’s role as being able to provide a business-friendly environment (through, for instance, strong institutions, clearly defined property rights, clear price signals and low levels of regulation), to continue to promote free international trade, and to carefully manage environmental impacts.


The four Working Papers released today are:

1. Regional Economic Performance in New Zealand: How Does Auckland Compare?
This paper investigates Auckland’s economic performance relative to other large cities in New Zealand, to medium-sized urban centres and to small towns and rural areas. It uses data from the annual New Zealand Income Survey to examine hourly earnings and other measures of labour productivity and utilisation for a number of regional areas. Previous measures developed by two non-governmental organisations have suggested that Auckland is underperforming relative to other regions in New Zealand. In contrast, the findings of this paper suggest that Auckland’s productivity performance is mostly better than other regions.

2. The Effect of New Zealand Superannuation Eligibility Age on the Labour Force Participation of Older People
New Zealand experienced a sharp rise in labour force participation rates among older people over the period 1991–2001. In most other OECD countries, such participation rates have been in steady decline. The predominant reason for this turnaround was that the age of eligibility for New Zealand Superannuation was raised from 60 to 65 over a nine-year period. Combining an earlier reduction in eligibility age with this later policy reversal, this paper estimates the effect of public pension eligibility on the labour force participation of different age groups.

3. Income Growth and Earnings Variations in New Zealand, 1998-2004
This paper provides an update of changes in the income distribution over the period from 1998-2004. It focuses on changes in working-age individuals' earnings and total income distribution and also their equivalised household total income distribution. There have been broad gains in income to both individuals and households, suggesting the spoils of growth have been shared widely across the income distribution. Inequality was more stable: individual earnings inequality fell 4 percent, individual income inequality was unchanged, while equivalised household income inequality increased 2-3 percent. The main contributors to the observed changes appear to be employment and real wage growth.

4. Measures of Human Capital: a Review of the Literature
Human capital is increasingly believed to play an important role in the growth process; however, adequately measuring its stock remains controversial. This paper identifies three general approaches to human capital measurement: cost-based, income-based and education-based. It presents a critical review of the theories and their applications to data from a range of countries. Emphasis on empirical evidence is given to the case of New Zealand.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On Finding A Model To Replace The Monarchy


One feels reluctant to pre-empt the verdict of history, but maybe we need to have a Plan B in mind just in case the reign of King Charles III turns out badly. With that possibility in mind, are there any other countries that do a reasonably good job of electing their ceremonial head of state? There is no perfect model for New Zealand to follow but - arguably - Ireland has made a pretty good fist of it over the past 70 years or so. Ireland has roughly the same population as New Zealand, so the pool of talent is similar in size...
More>>



Alastair Thompson: Are There TPLF Ethiopia Insurgency Training & Support Operations in Uganda?


Mystery Document Alleges:
Covert Operation has US/Egypt Support
Operations Coordinated between South Sudan, TPLF and Uganda
Planning began December 2021...

More>>




 
 

Australia-NZ Leadership Forum: Prime Minister And Ministers Attend
Prime Minister Jacinda Ardern will lead New Zealand’s Ministerial delegation to the Australia New Zealand Leadership Forum (ANZLF) in Sydney today, following a successful trade mission... More>>

Government: Welcomes Climate Change Commission Advice On Agricultural Pricing System
The Government has welcomed advice from the Climate Change Commission assessing readiness in the agricultural sector for an emissions pricing system... More>>

ALSO:

Government: Action To Tackle Delays In Family Court
New legislation aimed at tackling delays in the family justice system, will help improve the wellbeing of thousands of children caught up in Family Court disputes every year, Justice Minister Kiri Allan says... More>>



Government: New Air Pollution Report Shows Importance Of Action On Emissions

A new report released today on the health effects of air pollution shows the Government’s focus on reducing emissions will save lives... More>>


Economy: Financial Statements Of The Government Of New Zealand
Please note the next Financial Statements of the Government of New Zealand to be released will be for the full year ended 30 June 2022. It is anticipated that these will be released in early October 2022... More>>



Government: New Era For Better Health In Aotearoa New Zealand

The Government has today delivered a nationwide health system that will ensure better outcomes for all New Zealanders with the establishment of Te Whatu Ora - Health New Zealand... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels