Tagged: productivity

Natural resources: Norway and the UK - The Dismal Science

Michael Reddell Mar 31, 2017

The contribution of natural resources to the prosperity of nations is much-debated.   There is little doubt that a) natural resources can be wasted, mismanaged etc, such that a country well-provided for by nature still ends up pretty poor (Zambia is my favourite example, partly because I worked there), and b) that it is perfectly feasible for some countries to do … Read More

Productivity Commission: Good ideas – but now what? - The Dismal Science

Donal Curtin Nov 29, 2016

Yesterday’s report from the Productivity Commission, ‘Achieving New Zealand’s Productivity Potential’ (press release here, overview here, whole thing here), is full of good ideas. In the housing market, for example, their proposals would have the happy outcome of pressing both the equity and efficiency buttons at once. In addition to dealing to people sleeping in … Read More

Productivity: where do we stand? - The Dismal Science

Michael Reddell Apr 06, 2016

Comparisons of material living standards across time and across countries are fraught with measurement problems.  No one seriously questions that 100 years ago we had some of the very highest material living standards, and equally no one really questions that we are a long way off that mark now. Some want to focus instead on wellbeing indicators. That is … Read More

Housing and productivity - The Dismal Science

Paul Walker Aug 01, 2015

Up until now I have never really gotten the reason for people getting so excited about the effects of housing on productivity. When the Productivity Commission looked into the problems with housing in New Zealand it didn't seem to me to be the obvious factor explaining New Zealand's low productivity growth.Well it turnouts I may have to rethink this issue. Read More

Do old people hurt growth? - The Dismal Science

James Zuccollo Apr 16, 2015

A new paper (PDF) claims that ageing populations will hinder growth by both dis-saving and dragging down innovation, thus reducing productivity. Using a VAR model, they relate the age structure to measures of growth, saving, investment, and other macroeconomic variables over the 1990-2007 period. They use those coefficients to predict the effect of demographic change […] … Read More

Who got what? - The Dismal Science

Donal Curtin Feb 16, 2015

The Productivity Commission has just come out this morning with an interesting new Working Paper, "Who benefits from productivity growth? –The labour income share in New Zealand", and if life's too short, there's an accompanying "cut to the chase" summary. The labour income share, by the way, is as it sounds  - "The labour income share (LIS) … Read More

Performance pay for the public sector? - The Dismal Science

James Zuccollo Jan 22, 2015

In December last year The Work Foundation released a comprehensive review of performance-related pay in the public sector: PRP schemes can be effective in improving outcomes across the three public services for which evidence is available (health, education and the civil service), although the central conclusion is that the outcomes from PRP are mixed, which […] … Read More

Management and productivity: An interview with Nicholas Bloom - The Dismal Science

Paul Walker Jan 05, 2015

The following comes from an interview with Stanford University economist Nicholas Bloom available online at "Econ Focus", the economics magazine of the Federal Reserve Bank of Richmond.EF: Another branch of your research has focused on how management practices affect firm and country productivity. Why do you think management practices are so important?Bloom: My personal … Read More