Drying out: Investigating the economic effects of drought in New Zealand

Gunes Kamber, Chris McDonald and Gael Price
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Gael Price: Reserve Bank of New Zealand, http://www.rbnz.govt.nz

No AN2013/02, Reserve Bank of New Zealand Analytical Notes series from Reserve Bank of New Zealand

Abstract: In early 2013 New Zealand suffered its worst drought in decades. Using several new aggregate climate indicators and a newly-developed model, we estimate the economic impact of the drought. Annual real GDP in 2013 could be around 0.6 per cent lower than it would otherwise have been.

Pages: 31 p.
Date: 2013-06
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