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World trade interdependencies: a New Zealand perspective

Author

Listed:
  • David Gillmore
  • Phil Briggs

    (Reserve Bank of New Zealand)

Abstract

A key determinant of New Zealand’s growth is its trade with the rest of the world. We have developed a world inputoutput table to investigate the way in which New Zealand and Australia depend on the rest of the world, and to look at the role of demand in China, Japan, the US, and the euro area. We show how higher demand in one economy affects production in another economy both directly, through its higher demand for final products, and indirectly, via its higher demand for intermediate products and its impact on production and demand in other economies. We highlight the impact of US demand on other economies and demonstrate the importance of Chinese and Australian demand on New Zealand.

Suggested Citation

  • David Gillmore & Phil Briggs, 2010. "World trade interdependencies: a New Zealand perspective," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 73, pages 35-46, June.
    • Handle: RePEc:nzb:nzbbul:june2010:4
    as

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    File URL: http://rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2010/2010jun73-2gillmorebriggs.pdf
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    References listed on IDEAS

    as
    1. Iris Claus & Kathy Li, 2003. "New Zealand’s Production Structure: An International Comparison," Treasury Working Paper Series 03/16, New Zealand Treasury.
    2. Fukunari Kimura & Hyun-Hoon Lee, 2006. "The Gravity Equation in International Trade in Services," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 142(1), pages 92-121, April.
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    Cited by:

    1. International Monetary Fund, 2011. "New Zealand: Selected Issues Paper," IMF Staff Country Reports 2011/103, International Monetary Fund.
    2. Ms. Yan M Sun, 2011. "From West to East: Estimating External Spillovers to Australia and New Zealand," IMF Working Papers 2011/120, International Monetary Fund.

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