NZ government relishes population ponzi


By Leith van Onselen

Last month, Bernard Hickey published a great article at questioning whether the New Zealand economy has become too reliant on quantitative drivers of growth, such as immigration, instead of qualitative drivers that boost productivity and ultimately raise living standards:

How do New Zealanders get richer? It seems such an obvious question, but it’s not one we think nearly deeply enough, and one we seem to be ignoring through our actions.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.