Selected Issues Papers

New Zealand's Productivity Challenge: New Zealand

By Monica Petrescu

June 10, 2025

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Format: Chicago

Monica Petrescu. "New Zealand's Productivity Challenge: New Zealand", Selected Issues Papers 2025, 075 (2025), accessed June 13, 2025, https://doi.org/10.5089/9798229012317.018

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Summary

Weak productivity growth continues to pose a challenge for New Zealand’s long-term economic prospects. Hindered by a remote geography and large agriculture and tourism sectors, slow aggregate productivity growth also reflects costs and incentives for investment and innovation, features of the business environment, and availability of financing options. Young, high growth firms appear to face financing challenges, while competition, innovation, and technological diffusion are low across sectors. The current juncture, with a nascent economic recovery underway, presents an opportunity for a multi-pronged reform agenda to address this productivity challenge.

Subject: Balance of payments, Capital markets, Capital productivity, Competition, Financial institutions, Financial markets, Foreign direct investment, Labor productivity, Production, Productivity, Securities markets, Stock markets, Stocks

Keywords: Business dynamism, Capital markets, Capital productivity, Competition, Competition, Foreign direct investment, Infrastructure, Labor productivity, Productivity, Productivity, Securities markets, Stock markets, Stocks, Total factor productivity

Publication Details

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