Re-inventing New Zealand: Institutions Output and Patents 1870-1939

David Greasley and Les Oxley

Working Papers in Economics from University of Canterbury, Department of Economics and Finance

Abstract: New estimates of commodity output and patenting are used to explore New Zealand’s transition from extensive to intensive growth. By investigating the cointegrating and causal relationships among the output of 25 industries we show that a small number of common trends shaped the contours of her economic development. In turn the leading industries were driven by knowledge growth as reflected in patents statistics. New Zealand's distinctive institutions and human capital fostered the knowledge which transformed the farming landscape, promoted wider land ownership, and created a production system which integrated farm and factory to promote intensive growth.

Keywords: Growth; Institutions; Patents; Common trends; Commodity output, New Zealand Research and Development (search for similar items in EconPapers)
JEL-codes: N17 N77 O14 O31 O43 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2008-08-01
New Economics Papers: this item is included in nep-his, nep-ipr and nep-pr~
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://repec.canterbury.ac.nz/cbt/econwp/0815.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbt:econwp:08/15

Access Statistics for this paper

More papers in Working Papers in Economics from University of Canterbury, Department of Economics and Finance Private Bag 4800, Christchurch, New Zealand. Contact information at EDIRC.
Bibliographic data for series maintained by Albert Yee ().