New Zealand: Selected Issues

International Monetary Fund

No 2002/072, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 98
Date: 2002-03-27
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Citations: View citations in EconPapers (4)

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