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Hosting America's Cup 'barely worth it'

The Ministry of Business, Innovation and Employment (MBIE) admitted errors in its report on the economic benefits of hosting the America's Cup in Auckland. Its initial cost-to-benefit ratio estimate was between 1.8 and 1.2, meaning benefits would outweigh cost by between 80 and 20 percent. However, it revised this to a high of 1.14 and a low of 0.997. Sam Warburton, who reviewed MBIE's numbers, tells Larry Williams why “hosting the Cup in Auckland would be barely worth it." Read more

Larry Williams Drive - Newstalk ZB
22 December, 2017
Bryce 1 News

Bryce Wilkinson on 1 News

The coalition Government says about 384,000 families will be better off by $75 a week under its families package.It's estimated 88,000 children's lives will be turned around by the flagship policy which will cost $5.5 billion over the next five years. Bryce Wilkinson talks to 1 News about this announcement. Read more

Dr Bryce Wilkinson
1 News
14 December, 2017

This is fairly important

Voltaire wrote that one great use of words is to hide our thoughts. I remembered this when Grant Robertson said the tax working group would improve “fairness” in the tax system. I don’t mean to suggest the Minister was dissembling or concealing some ulterior purpose. While fairness is part of the New Zealand kaupapa, literal “fairness” is however an unhelpful word. What does it mean? Let me illustrate with reference to three traditional models of fairness; equality of outcome, equality... Read more

Richard Baker
Insights Newsletter
1 December, 2017

Lofty overall rankings for regulation masks weakness

Voltaire's satirical 1759 novella, Candide, contrasted ‘head-in-the-clouds’ complacency about this being the best of all possible worlds, despite its blemishes, with ‘feet-on-the-ground’ realism. Viewed loftily, New Zealand’s regulations look blissfully benign. New Zealand ranked 2nd best in the world for the quality of its laws and regulations in the Fraser Institute’s recently-released 2017 Economic Freedom of the World Index. Hong Kong was top, Singapore 3rd. No policy problems there apparently, move on. Read more

Dr Bryce Wilkinson
Insights Newsletter
24 November, 2017

Finding level

Careful economics and careful carpentry have one thing in common. Building things level is not easy when the floor is a bit crooked. We need to be a bit careful about retailer demands for level playing fields around tax on imports. As more of us buy from overseas, New Zealand retailers are quick to point to uneven playing fields favouring foreign suppliers. Under the de minimis threshold, imported goods are not taxed unless the amount collected would exceed $60. Read more

Dr Eric Crampton
Insights Newsletter
24 November, 2017
economy newspaper1

Comprehensive and progressive FDI liberalisation

Signing the Trans-Pacific Partnership, the new government passed its first test on the international stage. If only all policy issues could be solved by just adding the words ‘comprehensive and progressive’ to their names.The TPP, or now the CPTPP (it just rolls off the tongue), is a major step for trade. It will help New Zealand exporters as it opens markets hitherto hard to reach. The CPTPP will create growth, jobs and opportunities.But as we are celebrating this milestone in... Read more

Dr Oliver Hartwich
Insights Newsletter
17 November, 2017

Media release: TPP APEC talks today – Lagging NZ needs to be more open

Wellington (10 November 2017): “The TPP APEC talks in Vietnam today are reportedly 'down to the wire.' Yet while the TPP commentary focuses on trade, we should also learn about foreign direct investment from APEC host Vietnam,” says The New Zealand Initiative’s Senior Fellow Dr Bryce Wilkinson. “In 1997, Vietnam had the most restrictive FDI regime of all 45 countries measured by the OECD. Its score was almost three times New Zealand’s. Read more

Media release
10 November, 2017

Media release: Government needs to open New Zealand to investment, not close it

Wellington (7 November 2017): As Prime Minister Jacinda Ardern, Foreign Minister Winston Peters and Trade Minister David Parker head for the APEC meeting and the East Asia Summit, The New Zealand Initiative welcomes the Government’s commitment to free trade agreements. But the think tank warns that New Zealand will likely fall further behind as a destination for foreign investment (FDI) if the Government pursues its policy intentions. Read more

Media release
7 November, 2017

Media release: The New Zealand Initiative welcomes Phil Twyford’s approach to Auckland’s growth

Wellington (6 November 2017): Since becoming the Housing and Transport Minister, Mr Twyford has underlined his intention to simplify planning rules, abolish the rural urban boundary, let Auckland grow up and out, and move towards road pricing.Commenting on Phil Twyford’s statements, the Initiative’s Executive Director Dr Oliver Hartwich said: “The appointment of Phil Twyford as Housing and Transport Minister in the Labour-led government is a breath of fresh air. Read more

Media release
6 November, 2017

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