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Growing Apart? Australia and New Zealand growth experiences, 1870-1993

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  • David Greasley
  • Les Oxley

Abstract

The paper uses a recently created annual per capita income series for New Zealand, 1870-1993 to consider the existence of convergence between New Zealand and Australia. The results show that the New Zealand GDP per capita series is integrated of order 1, I(1), and neither a single or joint break overturns the null of a unit root. Based on the time series properties of Australian data described in Oxley and Greasley (1995) this result for the New Zealand data is incompatible with her belonging to a trans-Tasman Convergence Club. A conjunction of smaller size, more insular economic policies, and a less favourable resource endowment distinguishes New Zealand's economic development from Australia's.

Suggested Citation

  • David Greasley & Les Oxley, 1999. "Growing Apart? Australia and New Zealand growth experiences, 1870-1993," New Zealand Economic Papers, Taylor & Francis Journals, vol. 33(2), pages 1-13.
    • Handle: RePEc:taf:nzecpp:v:33:y:1999:i:2:p:1-13
    DOI: 10.1080/00779959909544304
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    Cited by:

    1. Greasley, David & Oxley, Les, 2004. "Globalization and real wages in New Zealand 1873-1913," Explorations in Economic History, Elsevier, vol. 41(1), pages 26-47, January.
    2. David Greasley & Les Oxley, 2009. "The pastoral boom, the rural land market, and long swings in New Zealand economic growth, 1873–19391," Economic History Review, Economic History Society, vol. 62(2), pages 324-349, May.
    3. Kris Inwood & Les Oxley & Evan Roberts, 2008. "Physical stature and its interpretation in nineteenth century New Zealand," Working Papers in Economics 08/22, University of Canterbury, Department of Economics and Finance.
    4. Kris Inwood & Les Oxley & Evan Roberts, 2010. "Physical Stature In Nineteenth‐Century New Zealand: A Preliminary Interpretation," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 50(3), pages 262-283, November.

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