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Economic Analysis Casts Doubt On Impact Of Investment Boost
Economic Analysis Casts Doubt On Impact Of Investment Boost

Scoop

time23-05-2025

  • Business
  • Scoop

Economic Analysis Casts Doubt On Impact Of Investment Boost

Press Release – WEAll Aotearoa Despite branding it a 'Growth Budget, the 2025 Budget does not reflect the central role of knowledge in sustaining economic wellbeing' Dr Paul Dalziel said. Analysis by Dr Paul Dalziel, former Professor of Economics and current Research Economist for the Wellbeing Economy Alliance Aotearoa, casts serious doubt on the effectiveness of the Government's Investment Boost initiative. According to Dr. Dalziel, much of the investment the policy seeks to incentivise would occur anyway. 'For businesses that would have purchased new assets anyway, the 20 percent deduction is essentially a gift,' he said. 'For taxpayers, it's pure waste.' Dr. Dalziel's analysis is supported by long-standing economic theory and Treasury's own internal evaluations. He references the Solow growth model – an economic staple since 1956 – which shows that such incentives produce only a one-off lift in output, not a stimulus to long-term growth. 'At the end of 20 years, Treasury suggests the level of New Zealand's GDP might be 1 per cent higher than without the policy,' Dr. Dalziel noted. 'That increase in output is equivalent to just four months of typical economic progress. In effect, we're trading $34 billion over two decades for a four-month head start.' Paul argues the Government has missed a better opportunity by failing to invest in knowledge and innovation. As he explained in a Treasury Guest Lecture, the only factor that can support higher growth in living standards is the ongoing discovery and use of new knowledge. Despite branding it a 'Growth Budget,' the 2025 Budget does not reflect the central role of knowledge in sustaining economic wellbeing.' Dr. Dalziel pointed to recent decisions such as ending the eleven National Science Challenges in 2024 without replacement, and denying applications for the Endeavour Fund in 2026. 'These cuts undermine our future resilience and damage our nation's long-term prosperity and wellbeing. We are underinvesting in our knowledge infrastructure at a time when global challenges such as geopolitical uncertainty and the climate crisis make new knowledge as vital as ever. He concluded: 'Public investment in discovery and innovation is the only proven path to sustained growth in living standards. This policy takes us in the wrong direction.'

Economic Analysis Casts Doubt On Impact Of Investment Boost
Economic Analysis Casts Doubt On Impact Of Investment Boost

Scoop

time23-05-2025

  • Business
  • Scoop

Economic Analysis Casts Doubt On Impact Of Investment Boost

Analysis by Dr Paul Dalziel, former Professor of Economics and current Research Economist for the Wellbeing Economy Alliance Aotearoa, casts serious doubt on the effectiveness of the Government's Investment Boost initiative. According to Dr. Dalziel, much of the investment the policy seeks to incentivise would occur anyway. 'For businesses that would have purchased new assets anyway, the 20 percent deduction is essentially a gift,' he said. 'For taxpayers, it's pure waste.' Dr. Dalziel's analysis is supported by long-standing economic theory and Treasury's own internal evaluations. He references the Solow growth model - an economic staple since 1956 - which shows that such incentives produce only a one-off lift in output, not a stimulus to long-term growth. 'At the end of 20 years, Treasury suggests the level of New Zealand's GDP might be 1 per cent higher than without the policy,' Dr. Dalziel noted. 'That increase in output is equivalent to just four months of typical economic progress. In effect, we're trading $34 billion over two decades for a four-month head start.' Paul argues the Government has missed a better opportunity by failing to invest in knowledge and innovation. As he explained in a Treasury Guest Lecture, the only factor that can support higher growth in living standards is the ongoing discovery and use of new knowledge. Despite branding it a 'Growth Budget,' the 2025 Budget does not reflect the central role of knowledge in sustaining economic wellbeing.' Dr. Dalziel pointed to recent decisions such as ending the eleven National Science Challenges in 2024 without replacement, and denying applications for the Endeavour Fund in 2026. 'These cuts undermine our future resilience and damage our nation's long-term prosperity and wellbeing. We are underinvesting in our knowledge infrastructure at a time when global challenges such as geopolitical uncertainty and the climate crisis make new knowledge as vital as ever. He concluded: 'Public investment in discovery and innovation is the only proven path to sustained growth in living standards. This policy takes us in the wrong direction.'

'Great to see respect for Scottish players' in Lions set-up
'Great to see respect for Scottish players' in Lions set-up

BBC News

time26-03-2025

  • Sport
  • BBC News

'Great to see respect for Scottish players' in Lions set-up

John Dalziel says he was surprised by the "respect" given to Scottish players by fellow British and Irish Lions coaches after he was confirmed as part of Andy Farrell's staff for the summer tour to joins Richard Wiggleworth, Simon Easterby, Andrew Goodman and John Fogarty on the coaching ticket, with the playing squad to be announced on 8 May."The biggest surprise for me was the respect given to all the Scottish players by all the other coaches," Dalziel said. "Looking at the Scottish names on the list and the way they are speaking about our players as well as us in our bubble. "We know internally we've got a lot of world-class players, so it's great to see Scottish players are properly getting spoken about in circles like this."On what he will bring to the Lions camp, Scotland forwards coach Dalziel emphasised the importance of understanding and empathising with players."The key is the connection with players," he said. "You have to connect with them away from rugby and have the comfort to have a difficult chat about performance but also let them know you're there to pick them up and support them."

Analysis: 'Surprise selection Dalziel will bring a lot to Lions'
Analysis: 'Surprise selection Dalziel will bring a lot to Lions'

BBC News

time26-03-2025

  • Sport
  • BBC News

Analysis: 'Surprise selection Dalziel will bring a lot to Lions'

The selection of John Dalziel on Andy Farrell's British and Irish Lions coaching team for the summer tour of Australia was a bit of a surprise. It only really emerged in the last 24 hours that he was a contender to know the staff has an Ireland tinge to it with Farrell in charge and Simon Easterby, who is going to run the defence, scrum guru John Fogerty and attack coach Andrew Goodman all the inclusion of Scotland forwards coach Dalziel and England assistant Richard Wigglesworth means Farrell is looking outside Ireland for some other years ago Steve Tandy and Gregor Townsend both went to South Africa, so there's been a good Scottish representation on the last couple of tours and Dalziel will be there primarily to work with the forwards as Farrell looks to tap into as much of the home nations' expertise as he possibly a solid appointment from Farrell. Scotland are often spoken about that they don't have the forward pack to go with their backline. Dalziel isn't working with the same kind of strength and depth as, say, an England coach would be, but Scotland's lineout has been super certainly upped their physicality over the last few years to be able to compete with the bigger sides so I think Dalziel will bring a lot to this tour, although it has come a little bit from leftfield.I think there was a wide expectation that Paul O'Connell would be the forwards coach. This is a guy who's who's been coaching Ireland, who have won Six Nations titles recently, and O'Connell of course is steeped in Lions history as a player - three times a tourist - so he ticked all the boxes, but Farrell has instead turned to a massive boost to Dalziel and his burgeoning coaching career and a feather in the Scottish Rugby Union's cap as well.

British & Irish Lions tour: coaching team announcement
British & Irish Lions tour: coaching team announcement

Telegraph

time26-03-2025

  • Sport
  • Telegraph

British & Irish Lions tour: coaching team announcement

Latest updates Luke Slater 26 March 2025 • 8:51am 8:51AM What are the Lions fixtures? Friday, June 20 vs Argentina (Aviva Stadium, Dublin) Saturday, June 28 vs Western Force (Optus Stadium, Perth) Tuesday, July 2 vs Queensland Reds (Suncorp Stadium, Brisbane) Saturday, July 5 vs NSW Waratahs (Allianz Stadium, Sydney) Wednesday, July 9 vs ACT Brumbies (Gio Stadium, Canberra) Saturday, July 12 vs Australia & New Zealand Invitational (Adelaide Oval, Adelaide) Saturday, July 19 vs Australia – First Test (Suncorp Stadium, Brisbane) Tuesday, July 22 vs First Nations and Pasifika XV (Marvel Stadium, Melbourne) Saturday, July 26 vs Australia – Second Test (MCG, Melbourne) Saturday, August 2 vs Australia – Third Test (Accor Stadium, Sydney) 8:48AM Can you guess who they are? Stay tuned… Our #Lions2025 coaches will be announced today 🦁 — British & Irish Lions (@lionsofficial) March 26, 2025 8:39AM Good morning Welcome to our live coverage for the announcement of the British & Irish Lions tour coaching squad. We are under three months away from the first warm-up game and now the preparations are ramping up, with the announcement of Andy Farrell's backroom staff for the tour to Australia. Some of the names we know, though they are yet to be officially confirmed. One of those is John Dalziel who will be the forwards coach. Daniel Schofield reports on that. Dalziel has been Scotland's forwards coach under Gregor Townsend since 2020, having performed the same role at Glasgow Warriors. Farrell will confirm his coaching team in London on Wednesday morning. It is understood that Farrell turned to Dalziel after Paul O'Connell, the Ireland forwards coach, pulled out of the reckoning for this summer's tour of Australia. While Dalziel lacks the profile of former Lions captain O'Connell, he is highly rated within coaching circles and Scotland won more line-out ball than any other country in the Six Nations this year. Dalziel hails from the Scottish rugby heartland of the Borders and represented London Scottish and Borders Reivers during the professional era. He started coaching 20 years ago at Melrose and has acted as head coach for Scotland Under-20s and the Scotland sevens team. A few other names are thought to be likely, though the exact make-up of the coaching team and what roles they will be in are yet to be confirmed. Anyway, the confirmation of all of these will be announced in the next hour or so. We will be there to let you know what they are along with updates and analysis from our team of rugby experts on the ground.

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