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The variance of New Zealand's real GDP has declined since the mid-1980s. To investigate why, this paper decomposes the variance of chain-weighted estimates of production-based real GDP growth into sector shares, sector growth rate variances and co-variances. The principal explanation for the...
Persistent link: https://www.econbiz.de/10012115486
Persistent link: https://www.econbiz.de/10002147223
The variance of New Zealand’s real GDP has declined since the mid-1980s. To investigate why, this paper decomposes the variance of chain-weighted estimates of production-based real GDP growth into sector shares, sector growth rate variances and co-variances. The principal explanation for the...
Persistent link: https://www.econbiz.de/10005176938