Research

Successful innovation needs more than just R&D

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Date: 
Mon, 29/06/2015

Kiwi firms need the tools to make the most of any increase in business research and development (R&D), according to new research by the Productivity Commission. Under the Business Growth Agenda the Government has committed to a target of increasing business expenditure on R&D to 1% of GDP by 2018. While valuable, this is just part of the puzzle of creating more innovative Kiwi firms.

The working paper, “Measuring the innovative activity of New Zealand firms”, by Simon Wakeman (NZPC) and Trinh Le (Motu Economic and Public Policy Research) uses data from Statistics New Zealand’s Longitudinal Business Database to provide a new perspective on innovation at the level of the firm.

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Blog: Firm dynamics and job creation: A perpetual motion machine

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Date: 
Wed, 27/05/2015

The media often reports stories about firms going out of business and the job losses involved. Of course, job destruction is a difficult process, but it’s only part of the story – a large number of new firms and jobs are also created each year. This “churn” in firms and workers is occurring constantly, leading some to describe the process as a “perpetual motion machine”.

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Blog: Westpac Grow NZ survey finds businesses are happier but not necessarily more productive

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Date: 
Thu, 14/05/2015

Recently the Productivity Commission had an opportunity to comment on the launch of the Westpac Grow NZ survey of SMEs, the results of which make for interesting reading.
 

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Trade over distance for New Zealand firms: measurement and implications

Publication type: 
Working paper
Number: 
WP 2014/5
Author: 
Paul Conway & Guanyu Zheng
Publication date: 
Thu, 05/06/2014
JEL Codes: 
R12: Size and spatial distributions of regional economic activity, D24 : Production; cost; capital, capital, total factor, and multifactor productivity ; capacity.

Abstract

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Productivity by the numbers: The New Zealand experience

Publication type: 
Research paper
Number: 
RP 2013/01
Author: 
Paul Conway and Lisa Meehan
Publication date: 
Fri, 20/09/2013
JEL Codes: 
JEL: D24 – Production; Cost; Capital, Multifactor and Total Factor Productivity; Capacity; JEL: O47 – Measurement of Economic Growth; Aggregate Productivity

Summary

This Commission Research Paper provides an assessment of New Zealand’s productivity performance for the whole economy, for individual industries and compared to other OECD countries.

The research shows that New Zealand has generally poor productivity performance – both at the economy-wide and industry levels. This underscores the need for our policy environment to be strongly supportive of productivity growth and for firms to have a clear focus on improving productivity.

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