| Abstract: | New Zealand’s reforms beginning in 1984 markedly improved the country’s economic prospects. They were one of the most radical and comprehensive programmes of structural change among countries in the Organisation for Economic Co‐operation and Development (OECD). This paper examines how New Zealand’s production structure was transformed using input output analysis. The results show that the reforms rapidly affected the economy and industries were subject to large structural change. Trade liberalisation was a central aspect of the reforms and has had dramatic effects on some industries. |
