Projects tagged with Productivity
66 results found
New Zealand has a poor productivity track record at the level of the aggregate economy and there is little evidence of productivity “catching up” towards that of leading economies. At the same time, there is a very wide distribution of productivity levels among firms within the same industries and it is at least possible that...
Adjusting productivity statistics for variable capacity utilisation: Working harder or hardly working? (Stats NZ WP 12-02)
This paper outlines the implications of adjusting productivity statistics for a variable rate of capacity utilisation of capital. Capacity utilisation data from the New Zealand Institute of Economic Research shows that capacity utilisation is not constant over time. Capacity utilisation adjustment leads to marginally lower...
Capital-labour substitution elasticities in New Zealand: One for all industries? (Stats NZ WP 12-01)
This paper tests the assumption of a Cobb-Douglas production function (a unitary elasticity of substitution between capital and labour) for 20 of New Zealand’s industries, using Statistics New Zealand’s industry-level productivity data. It also assesses how the Leontief production function (zero substitutability) may apply to...
Measuring business births and deaths in quarterly job-flow data: Using the Linked Employer-Employee Dataset (Stats NZ WP 11-03)
This paper’s purpose is to develop a suitable method to identify the contribution that start-up businesses (business births) make to total job creation in the New Zealand economy. And similarly, the contribution of closing businesses (business deaths) to total job destruction in the economy. Developing this method will enable...
Exogenous versus endogenous rates of return: The user cost of capital in Statistics New Zealand's multifactor productivity measures (Stats NZ WP 10-03)
In 2003, Statistics New Zealand received funding under the Government’s growth and innovation framework (GIF) to develop official productivity measures for the New Zealand economy. In March 2006, Statistics NZ published the first official estimates of multifactor productivity for New Zealand. These estimates were for a subset of...
Topics: Evaluation, Research, Economic Growth, Employment & Labour, Grants, Funding, Contracts & Fundraising, Productivity, Governance & Kaitiakitanga, Innovation
This paper examines the impact of government assistance through R&D grants on innovation output for firms in New Zealand. Using a large database that links administrative and tax data with survey data, we are able to control for large number of firm characteristics and thus minimise selection bias. We find that receipt...
This note applies Diewert (2014a)’s productivity growth decomposition method to New Zealand data. This approach decomposes aggregate labour productivity growth into: industry labour productivity growth, changes in industry labour input shares and changes in industry real output prices. Similarly, aggregate MFP growth is...
This research note draws together information on New Zealand’s international trade in services and was prepared as background information for the Productivity Commission’s inquiry into ‘Boosting productivity in the services sector’. Services account for an increasing share of international trade. Like goods...
5 Jun 2014
Shift-share analysis decomposes aggregate labour productivity growth into a contribution from within-industry productivity growth and a contribution from employment movements across industries with differing labour productivity levels. Because the role that structural change plays in productivity growth differs with the level...
5 Jun 2014
This paper investigates the proximity of firms to their customers to assess the extent to which different industries trade their output over distance within New Zealand. At the sector level, the output of the primary sector is traded across distance to the largest extent, followed by the goods-producing sector and then the...
Peer review status