New Zealand: Selected Issues
This Selected Issues paper presents an empirical comparison of New Zealand's growth performance with that of Australia during the post-reform period. The paper shows that most of the divergence in income per capita between the two countries has been the result of lower accumulation of capital per hour worked, and to a lesser extent, lower efficiency in utilizing resources in New Zealand. The paper also examines how migration has affected the income and welfare of New Zealand nationals.
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Volume/Issue:
Volume 2002
Issue 072
Publication date: March 2002
ISBN: 9781451830231
$20.00
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Topics covered in this book
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Business and Economics , Social Science , Inflation , Economics- Macroeconomics , Emigration and Immigration , ISCR , CR , exchange rate , price , pass-through , import price , exchange rate pass-through , wage difference , error correction model , household portfolio , Migration , Import prices , Exchange rates , Inflation , Exchange rate pass-through , Australia and New Zealand
Summary
This Selected Issues paper presents an empirical comparison of New Zealand’s growth performance with that of Australia during the post-reform period. The paper shows that most of the divergence in income per capita between the two countries has been the result of lower accumulation of capital per hour worked, and to a lesser extent, lower efficiency in utilizing resources in New Zealand. The paper also examines how migration has affected the income and welfare of New Zealand nationals.
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