Drying out: Investigating the economic effects of drought in New Zealand
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.
Year of publication: |
2013-06
|
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Authors: | Kamber, Güneş ; McDonald, Chris ; Price, Gael |
Institutions: | Reserve Bank of New Zealand |
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