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A Note on Perry's Reconsideration of Macroeconomic Evidence from New Zealand
Author(s) -
Dalziel Paul,
Peetz David
Publication year - 2008
Publication title -
australian economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 29
eISSN - 1467-8462
pISSN - 0004-9018
DOI - 10.1111/j.1467-8462.2008.00509.x
Subject(s) - productivity , economics , labour economics , demographic economics , development economics , political science , macroeconomics
Abstract Perry in this journal draws on two new sources to challenge claims by Dalziel (2002) and Peetz (2005) about relatively weak labour productivity growth in New Zealand after the introduction of its Employment Contracts Act (ECA) in 1991. While new data raise further research questions, they do not overturn our original conclusions. Whether the ECA contributed to higher labour input growth compared with Australia, it failed to improve labour productivity growth.