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A Quarterly Post-World War II Real GDP Series for New Zealand

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  • Hall, Viv
  • John, McDermott

Abstract

There are no o¢ cial quarterly real GDP estimates for New Zealand, for the period prior to 1977. We develop a seasonally adjusted series for 1947q2 to 2006q2, by linking quarterly observations from two recent ofÖcial series to temporally disaggregated observations for an earlier time period. Annual real GDP series are disaggregated, using the information from two quarterly di§usion indexes, developed by Haywood and Campbell (1976). Three econometric models are used: the Chow and Lin (1971) model that disaggregates the level of GDP; and the Fern·ndez (1981) and Litterman (1983) models that disaggregate changes in GDP. Statistical properties of the series are evaluated, and movements in the new series are benchmarked against qualitative research Öndings from New Zealandís post-WWII economic history. Our preferred quarterly series is based on results generated from the Chow-Lin model.

Suggested Citation

  • Hall, Viv & John, McDermott, "undated". "A Quarterly Post-World War II Real GDP Series for New Zealand," Motu Working Papers 292854, Motu Economic and Public Policy Research.
    • Handle: RePEc:ags:motuwp:292854
    DOI: 10.22004/ag.econ.292854
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