Selective Government Interventions and Economic Growth: A Survey of the Asian Experience and its Applicability to New Zealand

November 1, 1993

Preview Citation

Format: Chicago

Jonathan David Ostry. Selective Government Interventions and Economic Growth: A Survey of the Asian Experience and its Applicability to New Zealand, (USA: International Monetary Fund, 1993) accessed November 21, 2024

Summary

Since the mid-1980s, New Zealand has been engaged in a broad-ranging economic reform program--involving liberalization of key sectors of the economy, reduction in trade protection, and trimming of the public sector--in order to restructure its economy and stimulate growth. With growth performance having been rather lackluster in recent years, questions have been raised as to whether a more interventionist approach--such as that followed by some Asian countries--might be warranted in order to place the economy on a higher growth path. A review of the empirical literature dealing with the experience of the dynamic Asian economies does not suggest that their success can be attributed to any significant degree to selective government interventions.

Subject: Expenditure, National accounts, Private investment, Production, Productivity, Public investment and public-private partnerships (PPP), Public investment spending, Total factor productivity

Keywords: Asia and Pacific, East Asia, Government, Government intervention, Government involvement, Government policy, Interventionist policy, PDP, Policy, Policy regime, Price distortion, Private investment, Productivity, Public investment and public-private partnerships (PPP), Public investment spending, Total factor productivity, Trade liberalization policy

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Policy Discussion Paper No. 1993/017
Stock No:

PPIEA0171993
ISBN:

9781451965384
ISSN:

1564-5193

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