Drying out: Investigating the economic effects of drought in New Zealand

In early 2013 New Zealand suffered its worst drought in decades. Using several new aggregate climate indicators and a newly-developed model, we estimate the economic impact of the drought. Annual real GDP in 2013 could be around 0.6 per cent lower than it would otherwise have been.

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Year of publication:	2013-06
Authors:	Kamber, Güneş ; McDonald, Chris ; Price, Gael
Institutions:	Reserve Bank of New Zealand

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Series:	Reserve Bank of New Zealand Analytical Notes series.
Type of publication:	Book / Working Paper
Notes:	Number AN2013/02 31 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010757103