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In An Inquiry into the Nature and Causes of the Wealth of Nations, Adam Smith argued that there was a virtuous circle that led to increased prosperity. The source of economic growth and development was the gains from specialisation and trade realised through the greater division of labour and the expansion of the market economy. Read more
The flight of the Kiwi is the third paper in a series that forms part of the New Zealand Institute's research project on Creating a global New Zealand economy. This paper follows on from our first two papers No country is an island and Dancing with the stars?. Read more
Modest growth in New Zealand is not the result of an overdose of reforms or bad cultural attitudes. The problem, in short, is that the reform process has not been completed, and needs to be continued and extended. Read more
The Bill is the culmination of work started by the Savings Product Working Group (the SPWG) and continues to exhibit the effects of poor problem identification and analysis. Read more
The New Zealand Institute welcomes the introduction of the KiwiSaver scheme as a step in the right direction. The introduction of a scheme to encourage household savings is a long overdue addition to the New Zealand policy landscape. Read more
New Zealand is not on track to lift its average living standards relative to Australia or the OECD average. The BPS is based on a projected annual average rate of growth in real GDP of only 2.8 percent during the five years to March 2010. Read more
Dancing with the stars? Is the second paper in a series that forms part of the New Zealand research project on ‘Creating a global New Zealand economy’. Read more
No country is an island is the first paper in a series that forms part of the New Zealand Institute’s research project on ‘Creating a global New Zealand economy’. Read more
Against the human experience of long-term stagnation and misery, the record of growing prosperity over the past two centuries and, in particular, the last 50 years, is astounding. Economic growth owes much to the mobilisation of resources and structural flexibility, but this depends on the 'software of economic development' - institutions, which change slowly. Read more
There is a natural cycle in intellectual development. New ideas begin as isolated and idiosyncratic attacks from without. Read more