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New Zealand: A Typical Australasian Economy?

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  • Arthur Grimes

    (Motu Economic & 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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File URL: http://128.118.178.162/eps/eh/papers/0509/0509004.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Economic History with number 0509004.

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Length: 45 pages
Date of creation: 12 Sep 2005
Date of revision:
Handle: RePEc:wpa:wuwpeh:0509004

Note: Type of Document - pdf; pages: 45
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Web page: http://128.118.178.162

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

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References

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  1. Melleny Black & Melody Guy & Nathan McLellan, 2003. "Productivity in New Zealand 1988 to 2002," New Zealand Economic Papers, Taylor & Francis Journals, vol. 37(1), pages 119-150.
  2. Russell Cooper & Hubert Kempf, 2002. "Overturning Mundell: fiscal policy in a monetary union," Staff Report 311, Federal Reserve Bank of Minneapolis.
  3. 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.
  4. 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.
  5. Suzi Kerr, 2003. "Indigenous Forests and Forest Sink Policy in New Zealand," Working Papers 03_15, Motu Economic and Public Policy Research.
  6. 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.
  7. 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.
  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. Jacques Poot, 2009. "Trans-Tasman Migration, Transnationalism and Economic Development in Australasia," Working Papers 09_05, Motu Economic and Public Policy Research.
  2. 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.
  3. Arthur Grimes, 2005. "Intra & Inter-Regional Industry Shocks: A New Metric with an Application to Australasian Currency Union," Macroeconomics 0509019, EconWPA.
  4. David C. Maré, 2005. "Indirect Effects of Active Labour Market Policies," Working Papers 05_01, Motu Economic and Public Policy Research.
  5. Arthur Grimes, 2005. "Regional and Industry Cycles in Australasia: Implications for a Common Currency," Working Papers 05_04, Motu Economic and Public Policy Research.
  6. Michelle Poland & David C Maré, 2005. "Defining Geographic Communities," Urban/Regional 0509016, EconWPA.

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