An Analysis of Provincial Prices in New Zealand: 1885--1913
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The paper discusses the construction of a new Consumer Price Index (CPI) for New Zealand, 1885-1913, based upon aggregation of data from the four largest provincial districts: Auckland, Canterbury, Otago and Wellington. Using these new provincial data, we explore the degree of market integration within the New Zealand dairy and meat sectors, and consider whether anecdotal evidence on South-North price convergence is supported statistically.
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