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Showing posts with label Bogus GDP statistics. Show all posts
Showing posts with label Bogus GDP statistics. Show all posts

Saturday, June 15, 2024

Professor Robert MacCulloch: There is no Pākehā GDP, nor Māori GDP.


There is no Pākehā GDP, nor Māori GDP. The Government has published statistics that are wrong. NZ does not have two economies - only one.

I've been thinking - ever since the Leader of Te Pāti Māori said that the new National-ACT-NZ First Coalition wrote a Pākehā Budget for the Pākehā Economy. It's a great line. But does it make sense? Do we have two economies - a Māori one and a Pākehā one, each with its own Gross Domestic Product (GDP)? I am going to argue neither exist. What's more, Wellington has wasted millions of tax-payers dollars calculating incorrect GDP figures for the Māori & Pākehā economy. The term, "Māori Economy", is sometimes traced back to a report published in 2012 by the Bureau of Economic Research Ltd (BERL), a Wellington consulting firm run by Ganesh Nana, the redundant former head of the defunct Productivity Commission. It has now been adopted right throughout government.