What activist kids should know about productivity growth
It is fashionable to see climate as the main threat to the future quality of life of young people today. The word “climate” is commonly followed by “crisis” or “emergency”. Read more
Bryce is a Senior Fellow at The New Zealand Initiative, and also the Director of the Wellington-based economic consultancy firm Capital Economics. Prior to setting this up in 1997 he was a Director of, and shareholder in, First NZ Capital. Before moving into investment banking in 1985, he worked in the New Zealand Treasury, reaching the position of Director. Bryce holds a PhD in economics from the University of Canterbury and was a Harkness Fellow at Harvard University. He is a Fellow of the Law and Economics Association of New Zealand.
Bryce is available for comment on fiscal issues, our poverty, inequality and welfare research. He also has a strong background in public policy analysis including monetary policy, capital markets research and microeconomic advisory work.
Phone: +64 4 499 0790
It is fashionable to see climate as the main threat to the future quality of life of young people today. The word “climate” is commonly followed by “crisis” or “emergency”. Read more
Imagine two farmers, each with a plot of land. One farmer finds ways to make his land just 1% more productive each year - a bit better irrigation, a new crop rotation strategy, or a slight improvement in fertiliser use. Read more
The new Government’s Budget Policy Statement, released yesterday, reflects the daunting fiscal challenges inherited from the previous Labour-led Government’s tax-deficit-and-spend policies. We empathise with the current Government’s predicament, having to navigate the consequences of excessive spending, high inflation, and a recession. Read more
My research note last week highlighted a massive mystery. Between 31 March 2009 and 30 September 2023, New Zealanders spent $158 billion more overseas than we earned on current account. Read more
New Zealanders have been spending a lot more overseas than we have been earning overseas, yet our balance does not move in the same direction nearly as much. Oliver talks to Bryce about his latest research note "The mystery of the $52 billion gift: Does New Zealand have a fairy godmother?". Read more
This research note questions how New Zealand has managed to sustain its large and growing current account deficits with the rest of the world without seeing a corresponding deterioration in its net international investment position (NIIP). It highlights that while New Zealand has been spending more overseas than it earns, the country’s liabilities to the rest of the world have not increased nearly as much as one would expect. Read more
Wellington (Thursday, 14 March 2024) - A new research note by The New Zealand Initiative is questioning how New Zealand has managed to sustain its large and growing current account deficits with the rest of the world without seeing a corresponding deterioration in its net international investment position (NIIP). The research note, “The Mystery of the $52 Billion Gift: Does New Zealand have a fairy godmother?” highlights that while New Zealand has been spending more overseas than it earns, the country’s liabilities to the rest of the world have not increased nearly as much as one would expect. Read more
Two weeks ago, some of the contributors to the substantial Economic Forum run by the University of Waikato unintentionally took me back to the days of New Zealand’s National Development Conferences in 1968 and 1972. They did so by calling on central government to lead and set a clear vision and action plan. Read more
Last Friday, Treasury “pro-actively” published its November 2023 Briefings for the Incoming Government. One was on the economic and fiscal context. Read more
On Newstalk ZB, John MacDonald discussed Dr Bryce Wilkinson's NZ Herald article Increased working-age welfare dependency is a problem with callers. Listen John talk about it below. Read more
New Zealand’s welfare system is a problem for beneficiaries, taxpayers and others. Think of those affected by the reported problems in Rotorua from emergency housing in motels. Read more
Wellington City Council’s current leaking water woes epitomise the misplaced spending priorities of successive councils. Wellingtonians now face water rationing in their homes while they see vast quantities of leaked piped water escaping down streets and across pavements. Read more
Thank goodness New Zealand has an Auditor-General who takes his official responsibilities seriously. Last week, he released a damning assessment of recent ministerial processes for making funding decisions on two major infrastructure investment programmes. Read more
Wellington (Wednesday, 20 December 2023) - “Treasury’s updated fiscal and economic forecasts released today confirm that this government faces serious fiscal challenges”, said Dr Bryce Wilkinson, Senior Fellow at the New Zealand Initiative. “The Minister of Finance’s “mini-budget” statement shows she fully ‘gets it’.” “Taxpayers and the recipients of government spending cannot all expect to avoid the burden of those challenges”. Read more
The Coalition Agreement between National and ACT includes a commitment to pass the “Regulatory Standards Act as soon as practicable”. How fast is that? Read more