Abstract
The widely heralded liberalization of New Zealand’s economy began in the early 1980s. The reforms were both macroeconomic and microeconomic in scope. The former included changes in the conduct of fiscal and monetary policy. Among the latter were liberalization of international trade, deregulation of domestic industrial, agricultural, finance and labor markets, widespread corporatization and privatization, social welfare reform, and reform of the tax system. Reform of the tax system included a reduction in the progressivity of personal income taxes and a reduction in corporate tax rates, an overall broadening of the income tax base, and the introduction of a comprehensive goods and services tax (GST). The reforms have transformed New Zealand from one of the most regulated economies in the OECD to one of the least regulated. 1
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
Reference
Abramovitz, M. (1956), “Resource and Output Trends in the United States Since 1870,” National Bureau of Economic Research Occasional Paper 52.
Brash, D. T. (1996), “New Zealand–Remarkable Reforms,” Fifth Annual Hayek Memorial Lecture, Institute of Economic Affairs, London, 4 June 1996.
Caragata, P. J. (1995), “Optimal Cost Structures and Corporate Performance: Combining Learning Curve and Frontier Approaches to Economic Efficiency and Increasing Returns,” Working Paper No. 7, Working Papers on Monitoring the Health of the Tax System. Wellington, NZ: Inland Revenue.
Caragata, P. J. (1997), The Economic and Compliance Costs of Taxation: A Report on the Health of the Tax System in New Zealand. Wellington, NZ: Inland Revenue.
Caragata P. J., and D. E. A. Giles (1996), “Simulating the Relationship Between the Hidden Economy and the Tax Mix in New Zealand,” Working Paper No. 22, Working Papers on Monitoring the Health of the Tax System. Wellington, NZ: Inland Revenue.
Caragata P. J., and J. P. Small (1996a), “Tax Burden Effects on Output Growth in New Zealand: A Non-Linear Dynamic Model,” Working Paper No. 24, Working Papers on Monitoring the Health of the Tax System. Wellington, NZ: Inland Revenue.
Caragata P. J., and J. P. Small (1996b), “The Tax Burden, The Tax Mix and Output Growth in New Zealand: A Tax Mix Model,” Working Paper No. 25, Working Papers on Monitoring the Health of the Tax System. Wellington, NZ: Inland Revenue.
Colgate, P. (1991), Databases for Taxation Modeling. Wellington, NZ: NZIER.
Engen E. M., and J. Skinner (1996), “Taxation and Economic Growth,” Working Paper 5826, National Bureau of Economic Research, Cambridge, MA 02138, USA.
Feldstein, M. (1996), “How Big Should Government Be?” NBER Working Paper 5868. Cambridge, MA: National Bureau of Economic Research.
Lovell, C. A. K., and J. T. Pastor (1995), “Units Invariant and Translation Invariant DEA Models,” Operations Research Letters 18:3, 147–151.
Scully, G. W. (1996a), “Taxation and Economic Growth in New Zealand,” Working Paper No. 14 (revised), Working Papers on Monitoring the Health of the Tax System. Wellington, NZ: Inland Revenue.
Scully, G. W. (1996b), “The Growth-Maximizing Tax Mix in New Zealand,” Working Paper No. 20, Working Papers on Monitoring the Health of the Tax System. Wellington, NZ: Inland Revenue.
Scully, G. W. (1996c), “Taxation and Employment in New Zealand,” Working Paper No. 23, Working Papers on Monitoring the Health of the Tax System. Wellington, NZ: Inland Revenue.
Solow, R. M. (1956), “A Contribution to the Theory of Economic Growth,” Quarterly Journal of Economics (February), 65–94.
“The Supply-Siders Ride Again,” The Economist, August 24, 1996, p. 64.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2000 Springer Science+Business Media New York
About this chapter
Cite this chapter
Branson, J., Lovell, C.A.K. (2000). Taxation and Economic Growth in New Zealand. In: Scully, G.W., Caragata, P.J. (eds) Taxation and the Limits of Government. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-4433-3_3
Download citation
DOI: https://doi.org/10.1007/978-1-4615-4433-3_3
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-6996-7
Online ISBN: 978-1-4615-4433-3
eBook Packages: Springer Book Archive