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

Rod Falvey; Norman Gemmell

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SSRN Electronic Journal

Article . 2014 . Peer-reviewed

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https://dx.doi.org/10.2139/ssr...

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

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2014 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Rod Falvey; Norman Gemmell;

doi: 10.2139/ssrn.2450857

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

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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.

Related Organizations

Bond University
Australia
Victoria University of Wellington
New Zealand

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