Echanching Productivity: Towards an Updated Action Agenda

Roger Procter ()
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Roger Procter: Ministry of Economic Development, New Zealand, http://www.med.govt.nz/

No 11/1, Occasional Papers from Ministry of Economic Development, New Zealand

Abstract: This paper presents an explanation of how the dynamic but uncertain process of economic development and growth occurs. It shows that economic development leads to structural change, an enhancement of capabilities and path dependence in the economy. It examines three different approaches to understanding the performance of the New Zealand economy and shows that performance of the New Zealand economy is consistent with its structure and sophistication. It suggests areas where policy might be developed to enhance New Zealand’s economic performance, and argues that both improvements in framework policies and enhancement of facilitative policies will be required to improve New Zealand’s economic performance. However, the development of specific policies is left for later work.

Keywords: Economic growth; New Zealand; productivity; development; innovation; trade; structural change; industry policy (search for similar items in EconPapers)
JEL-codes: B52 O10 O20 O31 O32 O38 (search for similar items in EconPapers)
Pages: 71 pages
Date: 2011-03-30
New Economics Papers: this item is included in nep-eff and nep-hme
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Persistent link: https://EconPapers.repec.org/RePEc:ris:nzmedo:2011_001

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