Explaining international differences in the prices of tradables and non-tradables (with a New Zealand perspective)

Publication type: 
Working paper
WP 2014/3
Rodney E Falvey, Norman Gemmell, Cherry Chang and Guanyu Zheng
Publication date: 

Also Working Papers in Public Finance 08/2014.

The World Bank‟s International Comparison Program (ICP) 2005 data on national price levels for tradables and non-tradables (and goods compared to services) reveals that New Zealand has relatively high prices of both tradables and non-tradables when compared to a sample of over 40 OECD-Eurostat countries. This paper seeks to explain both those observed international variations in non-tradables and tradables prices in general, and New Zealand‟s especially high prices in particular.

Also see the previous paper on this work, The prices of goods and services in New Zealand: An international comparison

Blog by Patrick Nolan: How high are New Zealand prices?

4pm, Wednesday 21 May: Professor Norman Gemmell presented a public lecture on this work.