NEW ZEALAND'S GROSS NATIONAL PRODUCT: 1859–1939

Keith Rankin

Review of Income and Wealth, 1992, vol. 38, issue 1, 49-69

Abstract: In this paper the author continues the work of Hawke, who used Australian velocity of money data to estimate New Zealand's GDP for 1870–1918, and whose results have been incorporated into international studies through the work of Bairoch. He also provides an alternative set of estimates for the inter‐war years to those published by Lineham. The important findings of the paper are: (i) that Australian data show a significant relationship between the velocity of money and the price level; (ii) that New Zealand's income was significantly higher in 1870 than Hawke's estimates suggest; (iii) that sustained per capita growth has not been New Zealand's normal experience; (iv) that previous GDP estimates for the inter‐war period have failed to reflect the fluctuations of the New Zealand economy and the extent to which it was operating below its production possibilities frontier during the Great Depression of the 1930s.

Date: 1992
References: Add references at CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
https://doi.org/10.1111/j.1475-4991.1992.tb00401.x

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:bla:revinw:v:38:y:1992:i:1:p:49-69

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0034-6586

Access Statistics for this article

Review of Income and Wealth is currently edited by Conchita D'Ambrosio and Robert J. Hill

More articles in Review of Income and Wealth from International Association for Research in Income and Wealth Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().