Sticking to their 100-day plan, the new government has removed fees for first-year tertiary students. The fees-free policy has generated a lot of excitement. But how well will this policy perform? This article examines the fees-free policy and outlines how the policy misses the mark in increasing access to tertiary education.
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Infometrics Christmas Carol, sung to the tune of “All I want for Christmas is you”.
The new government seeks to reduce migration from its record breaking highs. It also has a strong focus on regional development as many regions face declining population. However, it faces a mighty challenge to reconcile these two policies which could work against each other.
Regional economic development is a high priority for the newly-formed coalition Government. Nothing highlights this more than returning MP, Minister for Regional Economic Development, and Minister for Infrastructure, Shane Jones being given a $1 billion per annum Regional Development (Provincial Growth) Fund.
The Labour-NZ First coalition has earmarked $1 billion per annum for regional development. Strong business cases will be needed by local authorities vying for a slice of these funds. Don’t over-rely on GDP in these business cases.
We’ve received feedback that our forecasts for new dwelling consents are overly optimistic given capacity pressures. In response to this feedback, we have created a supply-side model to help inform our residential construction forecasts. Our core model is essentially a demand-based one. In most cases, the underlying fundamentals of population growth and interest rates are enough to inform us of what’s to come. But this approach only works if supply can keep up.
Infometrics’ latest forecasts show the New Zealand economy still has more gas in the tank for 2018, despite the slowdown of the last 12 months and suggestions from some analysts that all the economy’s key drivers have already peaked. Infometrics’ Chief Forecaster Gareth Kiernan points to a buoyant export sector, increased government spending, and the perennial need to build more houses in Auckland as the key components of GDP growth averaging 3.4%pa during 2018 and 2019.
Commercial property is often thought of as a hybrid asset, with total returns generated from its bond-like income earning ability combined with the scope for equity-like capital gains. In Wellington’s case, the earthquake-driven shortage of buildings (particularly offices) is likely to be good for both parts of the returns equation. Income, however, could be the real star.
A sense of intrigue prompted David Kennedy to visit Panama City – an oasis of wealth and success in Central America. He was vaguely aware of its economic and historic importance: it is a metropolis of futuristic skyscrapers, an airline hub, a tax haven, a financial hub, a nexus of global trade, and a United States outpost of sorts. He knew that all these attributes related, in one way or another, to the Panama Canal.
In August this year ServiceIQ, the Industry Training Organisation (ITO), for the aviation, hospitality, retail, travel, tourism and museums sectors, launched the first 10 in a series of 15 Service Sector Regional Roadmaps in the Grand Hall at Parliament. The roadmaps were launched by Associate Minister for Tertiary Education, Skills and Employment Hon. Louise Upston.