patrick library web 1

Dr Patrick Carvalho

Research Fellow

Dr Patrick Carvalho is a Research Fellow at The New Zealand Initiative, with extensive international experience in public policy across academia, public organisations and private sector.

Prior to immigrating to New Zealand, Dr Carvalho worked as the Head of the Economic Studies Division at the Federation of Industries of Rio de Janeiro, producing research on fiscal and monetary matters, and as a Research Fellow at The Centre for Independent Studies in Sydney, where he focused on industrial relations and competition policy. More recently, Dr Carvalho was a Director at a Washington, D.C.-based consultancy advising the U.S. Federal Administration on the challenges of demographic shifts to economic prosperity.

Dr Carvalho has Bachelor of Law degree from Rio de Janeiro’s State University, a Master’s in political science from the University of Wollongong, and a PhD in economics from the Australian National University, where he also worked as a lecturer in macroeconomic policy.

Latest reports:
Pricing Out Congestion: Experiences from abroad (28 January 2020)
The Price is Right: The road to a better transport system (5 November 2019)
Policy Point: The Pitfalls of CGT (February 2019)
Submission: Local Government Funding and Financing (February 2019) 

Phone: 04 494 9101


Recent Work

Ice cream

Death and taxes… and other family matters

Benjamin Franklyn is famously credited with writing “in this world nothing can be said to be certain, except death and taxes”.That may be true, but a cynic might retort that at least death does not get worse every time governments look for extra funding.So it was with trepidation that I read the Tax Working Group’s recently released Future of Tax report.As I chewed through the 200-plus pages of the report, I muttered to myself: “What future?!”. Read more

Dr Patrick Carvalho
Insights Newsletter
8 March, 2019

A missed opportunity on productivity

The jury is out for the released Tax Working Group’s “Future of Tax” Report, with the government promising to deliver its verdict in April.Unfortunately, a careful reading of the 200-page document already shows a missed opportunity to address New Zealand’s biggest elephant in the room: slow productivity growth.Worse, the document’s main recommendation of taxing capital gains will do little – if not work against – to fix our low capital stock levels that drive the productivity problem.To be fair, the... Read more

Dr Patrick Carvalho
Insights Newsletter
1 March, 2019
Housing money3

Much pain and little gain of a broad CGT

The Tax Working Group released this week its much-anticipated “Future of Tax” report, which recommends introducing a broad-based taxation of capital gains at full income rates. As proposed, the 33% headline rate would be one of the highest among industrialised economies. And given New Zealand’s recognisably low income tax thresholds by international standards, a new CGT would disproportionally hit middle-income earners already struggling to invest for retirement. Read more

Dr Patrick Carvalho
Insights Newsletter
22 February, 2019

Patrick Carvalho discusses CGT

The Tax Working Group’s report proposes a broad-based top rate of 33% capital gains tax (CGT). Patrick Carvalho explains to Larry Williams on Newstalk ZB why fully taxing capital gains would likely have undesirable effects on productivity, investment and growth, and impose significant compliance costs. Read more

Dr Patrick Carvalho
Larry Williams Drive - Newstalk ZB
21 February, 2019
Shake hands

Kia Ora New Zealand

Being the most recent addition to the New Zealand Initiative research team, I would like to briefly introduce myself. My name is Patrick – also known more commonly in some social interactions as the “Father of Liz” or the “Husband of Julia”. I am originally from Brazil but have also lived and worked in Australia and the United States. From a public policy perspective, I have been fortunate enough to closely examine a range of social experiments in different societies... Read more

Dr Patrick Carvalho
Insights Newsletter
25 January, 2019

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