New Zealand has experienced a very poor productivity performance compared to other OECD countries. This matters because productivity – or making the most out of your resources – largely determines a country’s living standards.
The Productivity Hub is a partnership of agencies which aims to improve how policy can contribute to the productivity performance of the New Zealand economy and the wellbeing of New Zealanders. The Hub Board is made up of representatives from the Productivity Commission, the Ministry of Business, Innovation and Employment, Statistics New Zealand and the Treasury. Several other agencies and non-government groups are active in the partnership.
Paul Conway, director of economics and research at the Productivity Commission, says the community of researchers working on productivity issues in New Zealand is small and spread across a number of organisations.
“Working together more closely means we can get greater scale and critical mass.”
“We all want to do research for the same purpose – to improve policy and get the economy working better. The timing couldn’t be better and we have been overwhelmed by how enthusiastic everyone is about this initiative,” Paul says.
To find out more and to join the Hub community please contact the Hub secretariat at firstname.lastname@example.org or go to http://www.productivity.govt.nz/research/productivity-hub.”