Report: Christchurch best city for growth
www.stuff.co.nz...
Treasury Paper 14-10
2.3 Changing policy expectations
While useful, models do not capture all the effects policymakers expect from immigration.
When New Zealand moved to increase the numbers and skills of immigrants in the 1980s and 1990s, policymakers appear to have considered that these changes had the potential to have major beneficial impacts on the New Zealand economy, reinforcing the gains from the other liberalising and deregulating economic reforms undertaken during that period.
At that time, it was considered that skills-focused inward migration could: improve growth by bringing in better quality human capital and addressing skills shortages; improve international connections and boost trade; help mitigate the effects of population ageing; and have beneficial effects on fiscal balance. As well as “replacing” departing
New Zealanders and providing particular help with staffing public services (for example, medical professionals), it was believed that migration flows could be managed so as to avoid possible detrimental effects (such as congestion or poorer economic prospects) for existing New Zealanders.
Since then, New Zealand has had substantial gross and net immigration, which has been relatively skill-focused by international standards. However, New Zealand’s economic performance has not been transformed. Growth in GDP per capita has been relatively lacklustre, with no progress in closing income gaps with the rest of the advanced world, and productivity performance has been poor. It may be that initial expectations about the potential positive net benefits of immigration were too high.
Based on a large body of new research evidence and practical experience, the consensus among policymakers now is that other factors are more important for per capita growth and productivity than migration and population growth. CGE modelling exercises for
Australia and New Zealand have been influential in reshaping expectations.
www.treasury.govt.nz...
Migration and Macroeconomic
Performance in New Zealand:
Theory and Evidence
Julie Fry
New Zealand Treasury Working Paper 14/10
Every new job in tourism makes us poorer as a nation as the average income generated is below the average to generate present GDP per capita.
Poll: If we want to reduce speeding, what do you think actually changes driver behaviour? 🛻🚨🚓
In the Post's article on speeding penalties, the question is asked whether speeding fines are truly about road safety, or are they just a way to boost revenue for the Crown?
What do you think? Should speeding motorists receive speeding fines or demerit points?
-
37.1% The sting of a fine (Money talks!)
-
62.9% The threat of demerit points (Nobody wants to lose their license!)
🎉 Riddle me this, legends! 🎉
He/She who makes it, sells it.
He/She who buys it, doesn't use it.
The user doesn't know they are using it.
What is it?
(Shezz from Ngāruawāhia kindly provided this head-scratcher ... thanks, Shezz!)
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
Want to stop seeing these in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
☔️ Where’d the summer go?
It’s the talk of the town (and every coffee queue): the Canterbury "summer" has felt a bit wet this year! We’ve definitely had our fair share of grey skies and raincoats lately 🌧️ In fact, the Post reports that Christchurch experienced almost double our usual!
While the forecast is looking bright for this weekend (fingers crossed!), we aren't out of the woods ... there are a few more cold fronts lining up before winter hits.
We want to hear from you: What are your go-to rainy-day activities? Whether you’re a local legend at the indoor courts or a professional movie-marathoner, share your secrets with us!
Drop your favourite rainy-day tips or photos in the comments below! 👇
Loading…
