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

Rodney Falvey, Norman Gemmell, Cherry Chang and Guanyu Zheng

No 18835, Working Paper Series from Victoria University of Wellington, Chair in Public Finance

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.

Keywords: Tradables; Non-tradables; Consumer prices; Trade - New Zealand (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcpf:18835

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