The purpose of this paper is to assess the contribution of each one of the major factors explaining Australian nominal GDP growth: technological change, movements in the terms of trade, increases in the endowments of labour and capital, and changes in domestic output prices. We use an index...

We extend Fox, Kohli, and Warren (2002) by using alternative techniques to re-examine the sources of New Zealand's macroeconomic performance during the period 1983-2001. Specifically, a modified Diewert-Morrison decomposition is used to quantify the separate contributions from productivity...

Patterns of trade have changed enormously over the last 30 years, particularly due to the economic emergence of several Asian countries. With the increasing international tendency for bilateral preferential trade agreements, it is important for countries to be aware of trade substitution...