Academic journal article The Reserve Bank of New Zealand Bulletin

Faster Growth? If We Want It

Academic journal article The Reserve Bank of New Zealand Bulletin

Faster Growth? If We Want It

Article excerpt

2 August 2001

Reserve Bank Governor Don Brash today said that if New Zealand is to achieve faster economic growth, first of all New Zealanders have to want it.

Speaking at the "Catching the Knowledge Wave" conference in Auckland, Dr Brash said that, to achieve markedly faster growth, an attitudinal change was required.

"This attitudinal change is probably the most important single need if we are to radically increase our per capita growth rate. We need to want faster growth or, in personal terms, higher income.

Dr Brash said that to regain income levels in the top half of the OECD within a decade "would require GDP per capita growth in New Zealand of about 3.6 per cent per annum, somewhat more than double the growth in per capita GDP achieved by New Zealand in the nineties. ... Increasing GDP per capita by 3.6 per cent per annum means at least trebling the rate of productivity improvement which New Zealand has achieved in recent years. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.