5 ms·
Because you are so off-base The point of the post is that NZL has 20% below OECD average GDP per capita, when it would be predicted for them to be 20% above.
by cowsandmilk 13y ago
Because you are so off-base
The point of the post is that NZL has 20% below OECD average GDP per capita, when it would be predicted for them to be 20% above.
The key figure is Figure 3 from http://www.productivity.govt.nz/sites/default/files/international-perspective-working-paper.pdf http://www.productivity.govt.nz/sites/default/files/internat...
In that, you can see NZL at the far bottom right.
On the other hand, Norway, Sweden, and Finland are all above the line, meaning they have higher GDP per capita than predicted. The only nordic country below the line is Denmark, and they are barely below the line.
So, you are saying that the nordic countries are similar, but the very paper this blog post is based on shows they are not at all economically similar.
- ThomPete 13y agoI was saying that NZ sounds like the Nordic countries. With that I meant the way it's structured.
- CamperBob2 13y agoOn the other hand, Norway, Sweden, and Finland are all above the line, meaning they have higher GDP per capita than predicted. The only nordic country below the line is Denmark, and they are barely below the line. Oil revenues make such comparisons tricky at best. You would need to consider the hypothetical case of a New Zealand with lots of oil to sell, or a Norway without any.
- levosmetalo 13y agoHow exactly Sweden, Finland, Denmark and Iceland benefit anything from oil? It's only Norway that has significant oil reserves, and all other have none.
- CamperBob2 13y agoWell, there's Ikea, Nokia, and... hmm, I'm not sure what economic factors are important in Denmark and Iceland. But I'll bet they're very different than those prevailing in New Zealand, whatever they are.
- hackerboos 13y agoBeing European Union members certainly helps.
- ThomPete 13y agohttp://krugman.blogs.nytimes.com/2014/04/18/how-do-you-say-nobody-could-have-predicted-in-swedish/?_php=true&_type=blogs&smid=tw-NytimesKrugman&seid=auto&_r=0 http://krugman.blogs.nytimes.com/2014/04/18/how-do-you-say-n...