The New Zealand Productivity Commission will take a step closer to reality today when the establishing legislation has its first reading in the House.
The model is the Australian Productivity Commission which has been widely judged a success. Clearly, however, it is only a very small part of the explanation for why Australia has been out-pointing New Zealand in productivity performance over the last several years.
So is a New Zealand Commission a good idea, and will it help to close the gap with Australia? This Brief Counsel summarises the content of the Bill and considers some of the risks which will confront the new entity. Click here to read.
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