Arbeitspapier

Structural reform in New Zealand: A review

This paper discusses the reasons for the change in economic policy direction adopted in New Zealand in 1984.The paper briefly outlines the economic history of New Zealand in the period from the early 1970's to 1996.The ultimate test of the success of the economic reforms is whether they have increased the growth rate of potential per capita output in the economy. I discuss the evidence on this hypothesis and conclude that the evidence does support the hypothesis of a structural change in this measure.Five of the major areas of reform are discussed, these areas are goods, capital and labour market liberalisation and the fiscal and monetary policy framework adopted in New Zealand.

ISBN
951-686-504-6
Language
Englisch

Bibliographic citation
Series: Bank of Finland Discussion Papers ; No. 12/1996

Classification
Wirtschaft
Subject
economic policy reform
New Zealand

Event
Geistige Schöpfung
(who)
Redward, Peter
Event
Veröffentlichung
(who)
Bank of Finland
(where)
Helsinki
(when)
1996

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Redward, Peter
  • Bank of Finland

Time of origin

  • 1996

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