Measuring Economic Growth in New Zealand

Research, Preprint OPEN
Mawson, Peter;
(2002)
  • Publisher: Wellington: New Zealand Government, The Treasury
  • Subject: O47 | C10 | Measuring Growth | Economic Growth | International Comparisons | Economic Growth; Measuring Growth; International Comparisons
    • jel: jel:O47 | jel:C10
      ddc: ddc:330

This paper examines New Zealand's ranking in the OECD based on real GDP per capita. The fall in ranking experienced by New Zealand implies that real GDP per capita growth in New Zealand has been relatively poor in comparison to other OECD countries. The paper examines t... View more
  • References (6)

    A.1 Weighting Scheme of the OLS Growth Rate Estimator................................................... 25 A.2 Obtaining the growth rate estimator in a log-difference model........................................ 26 A.3 The geometric Average Growth Rate .............................................................................. 27 A.4 Proof that Log Difference Regression and Geometric Growth Rates are Equal ............. 28 Appendix B - New Zealand real GDP per capita series ................................................29 0 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 s

    Buckle, Robert A., David Haugh, and Peter Thomson (2001) "Calm after the storm?: Supply-side contributions to New Zealand's GDP volatility decline." Treasury Working Paper 01/33.

    Easton, Brian (2002) "Of roast pork - Treasury debates the economy." Listener, 9 March 2002.

    Geary, R. C. (1958) "A note on the comparison of exchange rates and purchasing power between countries." Journal of the Royal Statistical Society, Series A 121(1): 97- 99.

    Haugh, David (2001) "Calibration of a chain volume production GDP database." New Zealand Treasury, September.

    Kakwani, Nanak (1997) "Growth rates of per-capita income and aggregate welfare: An international comparison." The Review of Economics and Statistics 79(2): 201-211

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