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Income Estimation From Monetary Data: Further Explorations

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  • G. R. Hawke

Abstract

This note explores further the utility of national income estimates derived from monetary data, an issue recently revived in this journal by Professor Leff. Income estimates for New Zealand are extended back from 1918 to 1870 and it is argued that while such figures are not a substitute for more laboriously compiled product or factor reward estimates, they are a useful stop‐gap in what is otherwise an historical vacuum.

Suggested Citation

  • G. R. Hawke, 1975. "Income Estimation From Monetary Data: Further Explorations," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 21(3), pages 301-307, September.
    • Handle: RePEc:bla:revinw:v:21:y:1975:i:3:p:301-307
    DOI: 10.1111/j.1475-4991.1975.tb00821.x
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    Cited by:

    1. Paul Cashdm, 1995. "Economic Growth and Convergence Across the Seven Colonies of Australasia: 1861–1991," The Economic Record, The Economic Society of Australia, vol. 71(2), pages 132-144, June.
    2. Kenneth E. Jackson, 2011. "Globalisation, Agriculture and Development: New Zealand’s Path to Prosperity?," Chapters, in: Matthew Tonts & M. A.B. Siddique (ed.), Globalisation, Agriculture and Development, chapter 4, Edward Elgar Publishing.
    3. Maurice Obstfeld & Alan M. Taylor, 2003. "Globalization and Capital Markets," NBER Chapters, in: Globalization in Historical Perspective, pages 121-188, National Bureau of Economic Research, Inc.
    4. John McDermott & Viv B. Hall, "undated". "A quarterly Post-World War II Real GDP Series for New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2009/12, Reserve Bank of New Zealand.
    5. Maurice Obstfeld & Alan M. Taylor, 2003. "Sovereign risk, credibility and the gold standard: 1870-1913 versus 1925-31," Economic Journal, Royal Economic Society, vol. 113(487), pages 241-275, April.
    6. David Greasley & Les Oxley, 2000. "Outside the Club: New Zealand's economic growth, 1870-1993," International Review of Applied Economics, Taylor & Francis Journals, vol. 14(2), pages 173-192.
    7. Tarik M. Yousef, 2002. "Egypt's Growth Performance Under Economic Liberalism: A Reassessment with New GDP Estimates, 1885-1945," Working Papers 0211, Economic Research Forum, revised 11 Apr 2002.

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