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This paper analyses the latest (2005) data available from the World Bank’s InternationalComparison Program (ICP). It assesses the extent to which the prices of goods and services in New Zealand (NZ) differ from those observed in other OECD countries, and Australia in particular.
Explores technological diffusion among New Zealand firms using a model of convergence in which a firm’s multi-factor productivity (MFP) growth depends on its ability to catch up to its industry’s productivity frontier.
Key PointsSocial services help New Zealanders to live healthy, safe and fulfilling lives. They provide access to health services and education opportunities, and protect and supp ort the most vulnerable. The quality of these services and access to them are crucial to...