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Uses of savings in New Zealand

Robin T. Clements

The following article is a condensed version of a paper entitled "Uses of Savings in New Zealand: Implications for Growth" by Robin Clements, a member of the Economic Department's research section. The paper represents work aimed at revising the data for, and interpretation of, New Zealand's savings performance. The December 1983 Bulletin considered this issue for the nation as a whole and this article extends those results in order to apply them to a split between the public and private sectors. The main findings relating to the trends of private savings and its uses are presented here together with an interpretation of some of the implications. The view contained in the article do not necessarily represent official Reserve Bank views.