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Climate variability and the economy


Climate variability and the economy



AERU Discussion Paper 148: 67-71



Climatic variability is likely to be a significant contributor to variability in the economic cycle because a significant part of New Zealand's production is based on primary production and related value-added industries. This exploratory study looks at correlations between several climatic indices and several components of gross domestic product (GDP), with an emphasis on the agriculture component of GDP. It also investigates the relationships between national milkfat production and climate.

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