Browsing by Author "Chang, Cherry"
Now showing 1 - 1 of 1
- Results Per Page
- Sort Options
Item Open Access Explaining International Differences in the Prices of Tradables and Non-Tradables (with a New Zealand Perspective)(Te Herenga Waka—Victoria University of Wellington, 2014) Falvey, Rodney E; Gemmell, Norman; Chang, Cherry; Zheng, GuanyuThe World Bank's International Comparison Program (ICP) 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 (Gemmell, 2013). The present 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.