ARTICLE AD BOX
The OECD measured New Zealand's recent productivity growth against the OECD average.
We're not even average.
... aaaand here, by comparison, is New Zealand's growth in employment:
That's the measure of how many more folk it took to do that little bit more.
So we've had decent growth.
Just not in productivity.
Is this a measure of how much we're restrained here by regulation and the incessant whine of the grey ones in our ear?
A lack of capital?
Or is it something wrong with our nous?
What do you think ... ?
[Hat tip Eric Crampton]
* Yep, construction is an outlier. I'm not sure how productivity is measured here, but I imagine that's a reflection of how many more townhouses and apartments have been built in recent years, as opposed to stand-alone dwellings.
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