New Zealand: Selected Issues Paper

Volume/Issue: Volume 2011 Issue 103
Publication date: May 2011
ISBN: 9781455274512
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Public Finance , Demography , ISCR , CR , Australia , saving , GDP , national saving , saving rate , commodity price , public saving , business cycle , Private savings , Spillovers , Terms of trade , Vector autoregression , Commodity prices , Australia and New Zealand , Asia and Pacific

Summary

The Savings Working Group in New Zealand presented recommendations in February 2011, and suggested raising national saving by 2–3 percent of GDP. The increase in net public saving in the country explains part of the reason for lower net private saving in New Zealand. Net public saving of the country is about 3 percent of GDP above the average of advanced countries for the past 15 years. Financial liberalization also appears to have played a role in saving behavior.