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dc.contributor.authorGrimes, Arthur
dc.date.accessioned2014-01-14T02:56:21Z
dc.date.available2014-01-14T02:56:21Z
dc.date.copyright2006-10
dc.date.issued2006
dc.identifier.citationGrimes, A. (2006). A smooth ride: Terms of trade, volatility and GDP growth. Journal of Asian Economics, 17(4), 583-600.en_NZ
dc.identifier.urihttps://hdl.handle.net/10289/8391
dc.description.abstractInternational evidence indicates that higher terms of trade levels and lower terms of trade volatility contribute to enhanced growth outcomes, especially for commodity-export and developing countries. New Zealand's terms of trade have been high and remarkably stable since the early 1990s compared with past experience. We analyse the proximate reasons behind these high, stable terms of trade and then examine whether this terms of trade behaviour explains growth outcomes since 1960. Attention is paid to growth outcomes over a variety of economic regimes. Approximately half the variance in annual GDP growth over 45 years can be explained by the level and volatility of the terms of trade. The relationship is robust across four economic regimes.en_NZ
dc.language.isoenen_NZ
dc.publisherElsevieren_NZ
dc.relation.ispartofJournal of Asian Economics
dc.relation.urihttp://www.sciencedirect.com/science/article/pii/S1049007806000923en_NZ
dc.subjectterms of tradeen_NZ
dc.subjectNew Zealanden_NZ
dc.subjecteconomic growthen_NZ
dc.titleA smooth ride: Terms of trade, volatility and GDP growthen_NZ
dc.typeJournal Articleen_NZ
dc.identifier.doi10.1016/j.asieco.2006.06.005en_NZ
dc.relation.isPartOfJournal of Asian Economicsen_NZ
pubs.begin-page583en_NZ
pubs.elements-id32954
pubs.end-page600en_NZ
pubs.issue4en_NZ
pubs.volume17en_NZ


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