Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5069172 | Explorations in Economic History | 2010 | 17 Pages |
Abstract
We explore the role of knowledge accumulation in the economic development of a natural resource-rich country. New estimates of commodity output and patenting are used to show New Zealand's exceptionally high incomes before 1939 rested on a knowledge-led utilization of her economic landscape. By investigating the cointegrating and causal relationships among the output of 25 industries we show that a small number of leading industries formed development blocks. In turn most leading industries were driven by knowledge growth as reflected in patent statistics. Knowledge accumulation helped to transform the farming landscape and integrate farm and factory within a New Zealand system of mass production.
Related Topics
Social Sciences and Humanities
Arts and Humanities
History
Authors
David Greasley, Les Oxley,