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New Zealand’s Production Structure: An International Comparison

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Abstract

The purpose of this paper is to compare New Zealand’s production structure in the mid-1990s to that in other OECD countries using input output analysis. Comparable inter industry transactions tables to the New Zealand data are available for Australia, Belgium, Denmark, Finland, Germany, Norway and the United Kingdom. The composition of total supply and value added is examined across countries. Backward and forward linkages, indices of industry interconnectedness, a value added production multiplier, a cumulated primary input coefficient for compensation of employees and a measure of import content of final demand output are calculated, taking into account direct and indirect transactions. New Zealand’s industrial structure is broadly similar to that in other OECD countries. Some differences arise as certain industries are more important in some countries. New Zealand’s exports appear to be more diversified and have a large value added content. Moreover, the return to capital, as measured by the share of gross operating surplus in value added, is high.

Suggested Citation

  • Iris Claus & Kathy Li, 2003. "New Zealand’s Production Structure: An International Comparison," Treasury Working Paper Series 03/16, New Zealand Treasury.
    • Handle: RePEc:nzt:nztwps:03/16
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    File URL: https://treasury.govt.nz/sites/default/files/2018-12/twp03-16.pdf
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    References listed on IDEAS

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    1. Robert Dixon, 1996. "Inter‐Industry Transactions and Input‐Output Analysis," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 29(3), pages 327-336, July.
    2. Yoshinori Morimoto, 1970. "On Aggregation Problems in Input-Output Analysis," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 37(1), pages 119-126.
    3. Iris Claus, 2003. "Changes in New Zealand's Production Structure: An Input Output Analysis," Treasury Working Paper Series 03/01, New Zealand Treasury.
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    Cited by:

    1. António Rua & Fátima Cardoso & Paulo Esteves, 2013. "The import content of global demand in Portugal," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    2. Ralph Lattimore & Trinh Le & Iris Claus & Adolf Stroombergen., 2009. "Economic progress and puzzles : Long-term structural change in the New Zealand economy, 1953-2006," Macroeconomics Working Papers 23006, East Asian Bureau of Economic Research.
    3. David Gillmore & Phil Briggs, 2010. "World trade interdependencies: a New Zealand perspective," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 73, pages 35-46, June.
    4. Maciej Sobolewski & Grzegorz Poniatowski, 2013. "What Affects the Main Engine of Growth in the European Economy? Industrial Interconnectedness and Differences in Performance of Business Services Across the EU25," CASE Network Studies and Analyses 0455, CASE-Center for Social and Economic Research.
    5. Ove Langeland, 2006. "Financing Innovation: The Role of Norwegian Venture Capitalists in Financing Knowledge-intensive Enterprises," European Planning Studies, Taylor & Francis Journals, vol. 15(9), pages 1143-1161, September.
    6. Cronin, Bruce, 2008. "Economic restructuring in New Zealand: A classical account," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 19(3), pages 340-382.

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    More about this item

    Keywords

    Input output models; industry importance; production structure; inter industry dependencies; country comparisons;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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