“I highly recommend the Infometrics online analysis tool, initially when purchasing this product there was concern about the pricing but the value of the information and ongoing support from the team at Infometrics soon made it clear this was a value for money product and we have had good value. The product is very easy … Read more Wanganui can benchmark themselves against other regions
“Infometrics’ regional products have given us a deep understanding of Hamilton’s economy. Being able to work from a consistent data source is very important for us. The products save us the hassle of collating multiple data sources which are often disparate. We are impressed by Infometrics’ commitment to continually expand and improve the product. We … Read more Making economic analysis easier for Hamilton
Airlines have dominated the news this financial reportingseason, with results showing Air New Zealand going from strength to strength,while Jetstar lost significant ground in the New Zealand domestic market. Althoughthe ensuing media storm has centred on claims that Air New Zealand’s profitsurge was partly driven by monopolistic exploitation of travellers fromregional centres, it is more constructive to back up a couple of steps and tryto understand the backdrop to the perceived problem.
Anticipatingfuture population growth is crucial for local councils to adequately plan forthe provision of services and to anticipate the future rates base. There arenumerous factors which influence the future population of regions including howmuch new land is opened up for development, its attractiveness for retirees andits economic prospects.
There has been increasing discussion in the media over recent weeks about the plight of some of our provincial and rural economies. Shamubeel Eaqub from the NZIER has sparked debate by highlighting the situation and suggesting a greater regional focus in economic policy. What he is actually advocating in practice is a little unclear given that he says "for stagnating regions we need to build on their capabilities – help where there is a credible chance that the cost of investments will be more than repaid by future benefits" at the same time as saying that "current strategies of investment attraction and picking winners are not working." My colleague, Benje Patterson, when writing a few weeks ago, rejected explicit government involvement in propping up businesses in rural areas, stating that "industry subsidies … tend to lead to less efficient resource allocations and weaken overall economic returns in New Zealand."
There has been talk of late that the gap between the economic performances of our provinces and major urban environments is widening. However, even though these types of comments have been well intentioned, generalised conclusions of this nature are unsubstantiated by economic data and unhelpful from a policy perspective. Apart from some isolated cases of regional struggles, the majority of provincial economies have outperformed major cities over the past decade.
The 2013 census showed that the proportion of those travelling to work via bus or train was 5.7%, up from 5.2% at the 2006 census. Public transport is a significantly more prominent travel option in regions with a high enough population density to support its use. This article will focus on the key aspects of public transport growth in the three key urban centres of Auckland, Wellington, and Christchurch, and looks at where further linkages could be developed to provide better connections between work and home.
Qantas’s recently released financial results show that Jetstar lost market share to Air New Zealand over the closing stages of 2013. Despite this recent wobble, Jetstar’s rapid growth over the past few years has significantly helped improve regional air connectivity in New Zealand and is vital for maintaining competitive domestic air travel prices.
Fonterra’s share of the New Zealand dairy market has fallensubstantially over recent years, driven down by a rapidly expanding competitivefringe of smaller export-orientated dairy firms. This article examines how theindustrial structure of the New Zealand dairy industry has evolved over thepast decade and identifies reasons why changes have occurred.
Changing international visitors’ travel patterns are having a profound effect on tourism activity in some of New Zealand’s regions. Infometrics’ tourism GDP dataset shows that 37 territorial authorities (TAs) have tourism sectors that grew in real terms over the past five years, while tourism GDP in the other 29 TAs declined.