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New Zealand’s average income, defined as GDP per capita, is now three quarters that of Australia and even lower than in Australia’s poorest state, Tasmania. Over the last seven years, New Zealand has grown slightly faster than Australia,but at these rates, it would still take 140 years to...
Persistent link: https://www.econbiz.de/10010895301
New Zealand is ageing. The number of old people will increase three-fold and will soon comprise a very large segment of society. Ageing will shrink the labour supply relative to the size of the population and the existing supply of capital. That has implications for wages and interest rates....
Persistent link: https://www.econbiz.de/10010895303
Economic performance is uneven across New Zealand’s regions. This paper highlights the similarities and differences in regional economies, the drivers of past performance, and how that performance is shared in the community (GDP versus household income, for example).
Persistent link: https://www.econbiz.de/10010840034
New Zealand’s crippling home affordability rates cannot be fixed by a single solution such as changing immigration policy or urban planning rules, or imposing a capital gains tax or lending ratios. The report explains that New Zealand’s obsession with home ownership is one of the key reasons...
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