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Productivity Profile of New Zealand

 

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The main productivity-enhancing institution is the Productivity Commission of New Zealand. It works with other government agencies, such as the Ministry of Business, Innovation and Employment (MBIE), to co-ordinate and inform research choices on productivity and advance collaborative research projects. 

  

Icon made by Freepik from www.flaticon.com Selected Publications

 

"Frontier firms: Four industry case studies" by G. Lewis, S. Garden, H. Shafiee, G. Simmons, J. Smith, April 2021

"Exporting challenges and responses of New Zealand firms" by B. Bull, P. Mok and S. Sim, April 2021

"Living on the edge: an anatomy of New Zealand's frontier firms" by Richard Fabling, March 2021

Ministry of Business, Innovation and Employment: Productivity questions and answersHow useful are our productivity measures?Business ICT use and productivity growth in New Zealand (2017);

Productivity Commission of New Zealand: recent reportscompleted inquiriesongoing inquiries;

OECD: Economic Surveys New Zealand (multiple years).

  

Icon made by Smashicons from www.flaticon.com Data

 

NZL productivity growth graph‌ 

 

Click here to access our Compare-Your-Country tool and explore productivity data from the GFP member countries.  

  

 Latest OECD Recommendations

 

  • Ease FDI screening requirements, clarify criteria for meeting the net national benefit test and remove ministerial discretion in their application. Encourage more extensive use of advance rulings on imports. Sell remaining government shareholdings in electricity;
  • Adopt different regulatory approaches for land use in natural and built environments. Make the planning system more responsive in the provision of key infrastructure. Implement road pricing to reduce urban congestion and diversify urban infrastructure funding sources. Ensure that restrictions on foreign ownership do not hinder property development. Extend the holding period during which capital gains on residential property (other than the principal residence) are taxed from two to five years;
  • Further boost support for business R&D investment, notably by increasing the R&D tax credit to a more internationally competitive rate, to help lift R&D expenditure to the 2% of GDP target by 2027. Make the tax credit refundable so that firms that are not yet profitable can benefit. Evaluate remaining grant programmes. Co-ordinate immigration and education policies with business skills needs for innovation;
  • To address equity financing gaps, shift the allocation of the NZ Venture Investment Fund to provide greater support for early-expansion-stage firms;
  • Move towards privatisation of state-owned enterprises (SOEs), and consider reducing local government ownership of port assets to bring more market discipline to the sector.

 

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