![]() ![]() (2003), Attfield and Temple (2010), and others.Īfter all, it's said that (at least in the post-WWII era) the economies of both Australia and New Zealand " rode on the sheep's back". The latter include Simon (1990), Harvey et al. You know - in the spirit of the famous "Great Ratios" suggested by Klein and Kosubod (1961) in the context of economic growth, and subsequently analysed and augmented by a variety of authors. I liked to think of this as another important "Great Ratio". The old adage used to be "3 million people 60 million sheep". Once upon a time there was a rule of thumb that there were 20 sheep in New Zealand for every person living there.
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