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New Zealand: A Typical Australasian Ecomony?

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  • Arthur Grimes

    ()
    (Motu Economic and Public Policy Research)

Abstract

We examine trend economic developments in New Zealand and in each of Australia's six states and two territories (i.e. nine regions) in order to inform issues regarding economic policy harmonisation across Australasia. Our focus is on trend developments in GDP, population, GDP per capita and employment (each at regional level), and in sectoral industry shares within each region. By comparing New Zealand developments with those in the eight Australian regions, we infer whether New Zealand's developments have been typical of those experienced elsewhere in Australasia. Examination of development trends also indicates the nature of the development process across Australasian regions. For instance, we examine the extent to which certain regions are experiencing growth in high-value industries (such as business and financial services), and examine the degree to which some are dependent on primary industries, including agriculture and mining. Analysis of all the data indicates that, while New Zealand has some idiosyncratic features, it is reasonable to regard it as a "typical" Australasian economy in many respects.

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Bibliographic Info

Paper provided by Motu Economic and Public Policy Research in its series Working Papers with number 04_11.

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Length: 45 pages
Date of creation: Nov 2004
Date of revision:
Handle: RePEc:mtu:wpaper:04_11

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Keywords: Australia; New Zealand; Economic Union; Sectoral Development;

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References

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  1. Suzi Kerr, 2003. "Indigenous Forests and Forest Sink Policy in New Zealand," Working Papers 03_15, Motu Economic and Public Policy Research.
  2. Russell Cooper & Hubert Kempf, 2002. "Overturning Mundell: fiscal policy in a monetary union," Staff Report 311, Federal Reserve Bank of Minneapolis.
  3. Melleny Black & Melody Guy & Nathan McLellan, 2003. "Productivity in New Zealand 1988 to 2002," Treasury Working Paper Series 03/06, New Zealand Treasury.
  4. Cashin, Paul, 1995. "Economic Growth and Convergence across the Seven Colonies of Australasia: 1861-1991," The Economic Record, The Economic Society of Australia, vol. 71(213), pages 132-44, June.
  5. Nils Bj�Rksten & �Zer Karagedikli & Christopher Plantier & Arthur Grimes, 2004. "What Does the Taylor Rule Say About a New Zealand-Australia Currency Union?," The Economic Record, The Economic Society of Australia, vol. 80(s1), pages S34-S42, 09.
  6. Dean Parham, 2002. "Productivity and Policy Reform in Australia," International Productivity Monitor, Centre for the Study of Living Standards, vol. 5, pages 53-63, Fall.
  7. Dean R. Hyslop & David C. Maré, 2005. "Understanding New Zealand's Changing Income Distribution, 1983-1998: A Semi-parametric Analysis," Economica, London School of Economics and Political Science, vol. 72(3), pages 469-495, 08.
  8. Lewis Evans & Arthur Grimes & Bryce Wilkinson, 1996. "Economic Reform in New Zealand 1984-95: The Pursuit of Efficiency," Journal of Economic Literature, American Economic Association, vol. 34(4), pages 1856-1902, December.
  9. Dean R. Hyslop & David C. Maré, 2003. "Understanding New Zealand's Changing Income Distribution 1983-98: A Semiparametric Analysis," Working Papers 03_16, Motu Economic and Public Policy Research.
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Citations

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Cited by:
  1. Arthur Grimes, 2005. "Regional and Industry Cycles in Australasia: Implications for a Common Currency," Working Papers 05_04, Motu Economic and Public Policy Research.
  2. David C Maré, 2005. "Indirect Effects of Active Labour Market Policies," HEW 0509004, EconWPA.
  3. Arthur Grimes, 2005. "Intra & Inter-Regional Shocks: A New Metric with an Application to Australasian Currency Union," Working Papers 05_03, Motu Economic and Public Policy Research.
  4. Michelle Poland & David C Maré, 2005. "Defining Geographic Communities," Urban/Regional 0509016, EconWPA.
  5. Jacques Poot, 2009. "Trans-Tasman Migration, Transnationalism and Economic Development in Australasia," Working Papers 09_05, Motu Economic and Public Policy Research.
  6. Arthur Grimes, 2005. "Intra & Inter-Regional Industry Shocks: A New Metric with an Application to Australasian Currency Union," Macroeconomics 0509019, EconWPA.

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