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dc.contributor.authorGreasley, D.
dc.contributor.authorOxley, Leslie
dc.date.accessioned2017-01-30T13:49:30Z
dc.date.available2017-01-30T13:49:30Z
dc.date.created2016-09-12T08:37:06Z
dc.date.issued2009
dc.identifier.citationGreasley, D. and Oxley, L. 2009. The pastoral boom, the rural land market, and long swings in New Zealand economic growth, 1873-1939. Economic History Review. 62 (2): pp. 324-349.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/35413
dc.identifier.doi10.1111/j.1468-0289.2008.00440.x
dc.description.abstract

Higher farm and manufacturing productivity associated with refrigerated exports led to New Zealand's attainment of the world's highest Human Development Index in 1913. Local responses to export opportunities increased the social depth of land ownership and fostered intensive growth. Closer settlement meant that land-related income gains spread widely, but land market volatility also created instability. New Zealand had the world's highest GDP per capita in 1938, but it experienced long swings in its growth rates. Dramatic swings in rural land market activity engendered by the pastoral boom contributed greatly to a long depression in the 1920s; subsequently a new monetary regime facilitated fast recovery. © 2009 Economic History Society.

dc.titleThe pastoral boom, the rural land market, and long swings in New Zealand economic growth, 1873-1939
dc.typeJournal Article
dcterms.source.volume62
dcterms.source.number2
dcterms.source.startPage324
dcterms.source.endPage349
dcterms.source.issn0013-0117
dcterms.source.titleEconomic History Review
curtin.departmentSchool of Economics and Finance
curtin.accessStatusFulltext not available


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