Gareth Kiernan (Infometrics Chief Forecaster) chats to Liam Dann, of NZ Herald Economy Hub, about the expected economic slowdown over the next few years.
A range of factors have combined to drive the slowdown, many of which can be sheeted back to government policy.
The holidays are over, NCEA results are out, and school leavers are finalising their plans for the coming year – including for tertiary education. In this article, we argue that there’s more to be done in the tertiary sector than simply providing one year’s free tertiary education. We outline that the Government’s problem definition for fees-free misses the mark. Although there is scope to improve the effectiveness of the policy, we argue a national skills strategy should be next on the government’s list.
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.
Brad Olsen has only just reached his 20s and he’s met Queen Elizabeth II twice! He’s our youngest economist and is already making his mark both at Infometrics and in youth politics.
We chat with Brad about what a day in the life of an economist looks like…
The government has been successively tightening the rules for resident visas since October 2016. The purpose of these rule changes ostensibly is to reduce the number of people moving to New Zealand while not cutting off the supply of workers for our overstretched labour market. But each set of rule changes will have very different effects for migrants on work and resident visas. In this article, we outline the rule changes and discuss the implications of these changes for migration numbers and industry stakeholders.
Steven Joyce’s first budget – and National’s ninth since it took up the government benches in late 2008 – set the tone for the election campaign to come, maintaining a rosy outlook for New Zealand. Although the Minister of Finance refuses to call it a “lolly scramble”, it is undeniable that New Zealand’s solid economic growth performance has left the government with the ability to start writing bigger cheques, announcing increased spending across a range of areas.
For the first time, the value of international education has been measured in eight regions around New Zealand in a series of reports authored by Infometrics Chief Economist Adolf Stroombergen and the National Research Bureau (NRB) for Education New Zealand. Hilary Parker examines the regional impact of international education on two New Zealand areas.
Workforce scanning and development is a key role that Industry Training Organisations (ITOs) undertake. Skills Active Aotearoa, the ITO for the recreation, sport and exercise industries released a comprehensive Workforce Scan late last year. The workforce scan was led by Maren Frerichs, General Manager of Industry Engagement at Skills Active. Shaun Twaddle, Infometrics Director, had a chat with Maren to find out why they put together the workforce scan and how they went about it.
Infometrics recently authored a report for Education New Zealand showing that international education adds $4.28bn to New Zealand’s GDP. The report shows that the value added to the New Zealand economy by international education has risen over 50% since 2012. The economic value is made up of $4.04 billion from international students studying in New Zealand, and $242 million from services delivered offshore.
The number of medium-high and high-skilled jobs in the manufacturing sector  has grown by an average of 1.7%pa over the last 15 years, highlighting the growing demand for skills within the industry. The increased skills requirement is not a phenomenon that is unique to manufacturing, but is perhaps accentuated by the competitive environment that the sector faces in an ever-more globalised economy.