New Zealand; Selected Issues
This Selected Issues paper examines the external linkages of the New Zealand economy. Empirical results from vector autoregressive models suggest that economic activity in Australia tends to have more of a significant direct impact on New Zealand than does activity in the United States. Fluctuations in the U.S. GDP, however, appear to be transmitted to New Zealand indirectly through their effects on the Australian economy. Financial linkages also have been important components in transmitting shocks from Australia and the United States to the New Zealand economy.
Year of publication: |
2003-05-02
|
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Article IV consultations | Economic conditions | Selected issues | business cycle | business cycles | gdp growth | correlation | real gdp | correlations | growth rates | gdp growth rates | standard deviations | logarithm | financial statistics | statistics | time series | real business cycles | real variables | correlation of business cycles |
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