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Explaining International Differences in the Prices of Tradables and Non-Tradables (with a New Zealand Perspective)

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  • Falvey, Rodney E
  • Gemmell, Norman
  • Chang, Cherry
  • Zheng, Guanyu

Abstract

The World Bank's International Comparison Program (ICP) data on national price levels for tradables and non-tradables (and goods compared to services) reveals that New Zealand has relatively high prices of both tradables and non-tradables when compared to a sample of over 40 OECD-Eurostat countries (Gemmell, 2013). The present paper seeks to explain both those observed international variations in non-tradables and tradables prices in general, and New Zealand's especially high prices in particular.

Suggested Citation

  • Falvey, Rodney E & Gemmell, Norman & Chang, Cherry & Zheng, Guanyu, 2014. "Explaining International Differences in the Prices of Tradables and Non-Tradables (with a New Zealand Perspective)," Working Paper Series 18835, Victoria University of Wellington, Chair in Public Finance.
    • Handle: RePEc:vuw:vuwcpf:18835
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    References listed on IDEAS

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