A Note on Perry's Reconsideration of Macroeconomic Evidence from New Zealand |
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| Authors: | Paul Dalziel David Peetz |
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| Affiliation: | 1. AERU Research Unit, Commerce Division, Lincoln University;2. Griffith Business School, Griffith University;3. We thank Len Perry for helpful feedback on an earlier draft and Antony Ede at Statistics New Zealand for assistance with obtaining data. We are grateful to Mark Wooden and two referees for useful suggestions. |
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| 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. |
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