Treasury Working Paper 2013-02: Long-term
... Fiscal agencies, including the Australian Treasury, routinely make long-term projections of their respective economies to better inform policymakers on the key determinants of future economic well-being. For a small open economy, such as Australia, international trade is an important determinant of ...
... Fiscal agencies, including the Australian Treasury, routinely make long-term projections of their respective economies to better inform policymakers on the key determinants of future economic well-being. For a small open economy, such as Australia, international trade is an important determinant of ...
Interactive Tool
... Real Gross Domestic Product (GDP) during the first quarter (January through March) of 2002 increased at an annual rate of 5.8 percent. This is the advance estimate for the first quarter and will be revised in the preliminary and final estimates over the next 2 months. During 2001, real GDP changed a ...
... Real Gross Domestic Product (GDP) during the first quarter (January through March) of 2002 increased at an annual rate of 5.8 percent. This is the advance estimate for the first quarter and will be revised in the preliminary and final estimates over the next 2 months. During 2001, real GDP changed a ...
PDF, 857KB - Monetary Authority of Singapore
... showing by modern services and the domestic-oriented cluster boosted GDP in Q4 2015, although the trade-related industries were buffeted by cyclical headwinds. In early 2016, the weakness widened to more industries. The pullback was most evident within the modern services cluster, with financial sec ...
... showing by modern services and the domestic-oriented cluster boosted GDP in Q4 2015, although the trade-related industries were buffeted by cyclical headwinds. In early 2016, the weakness widened to more industries. The pullback was most evident within the modern services cluster, with financial sec ...
Wage-led Growth: Concept, Theories and Policies. w
... Preliminary remarks • The wage share has been falling in several countries over the last decades. • There has been a polarization of incomes, even within wage and salary income. • Average wages and average labour compensation have not kept up with productivity increases. • Growth processes seem to ...
... Preliminary remarks • The wage share has been falling in several countries over the last decades. • There has been a polarization of incomes, even within wage and salary income. • Average wages and average labour compensation have not kept up with productivity increases. • Growth processes seem to ...
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... TOTAL RESERVE at the Treasury`s accounts at the end of corresponding period (incl. resources earmarked for banking sector support measures) ...
... TOTAL RESERVE at the Treasury`s accounts at the end of corresponding period (incl. resources earmarked for banking sector support measures) ...
PDF
... years a broad consensus has emerged between endogenous as well as neoclassical growth researchers that one of the key variables that explains growth is the increase in the quantity of human capital per person. This tends to lead to higher rates of investment in human as well as physical capital, an ...
... years a broad consensus has emerged between endogenous as well as neoclassical growth researchers that one of the key variables that explains growth is the increase in the quantity of human capital per person. This tends to lead to higher rates of investment in human as well as physical capital, an ...
what can Govts do in a recession?
... Can Govts accelerate GDP growth indefinitely by raising AD? Suppose GDP at its potential and U = natural rate. But elections very close and Govt badly wants higher GDP now Idea: expand AD (e.g. cut taxes) ...
... Can Govts accelerate GDP growth indefinitely by raising AD? Suppose GDP at its potential and U = natural rate. But elections very close and Govt badly wants higher GDP now Idea: expand AD (e.g. cut taxes) ...
Chapter 1
... other nations regain growth, including for steel industries”. R. Zoellick, “The reigning champions of free trade”, Financial Times, 13 March 2002. The author is the United States trade representative. An earlier warning that strains in international trade relations could spread from steel to other c ...
... other nations regain growth, including for steel industries”. R. Zoellick, “The reigning champions of free trade”, Financial Times, 13 March 2002. The author is the United States trade representative. An earlier warning that strains in international trade relations could spread from steel to other c ...
Presentation Plus!
... dollar amount of all final goods and services produced within a country’s national borders in a year–is the single most important measure of the economy’s overall economic performance. • When GDP does not do well, neither does the rest of the economy. • Economists devised national income account ...
... dollar amount of all final goods and services produced within a country’s national borders in a year–is the single most important measure of the economy’s overall economic performance. • When GDP does not do well, neither does the rest of the economy. • Economists devised national income account ...
IMPACT OF FISCAL POLICY ON THE GROWTH OF
... increased efforts of extension service agencies to improve efficiency in the procurement and distribution of essential farm inputs. Agriculture’s contribution to GDP in Nigeria is very significant despite the declining productivity of the sector. From 60% of GDP in 1960 and an average of 58.8% betwe ...
... increased efforts of extension service agencies to improve efficiency in the procurement and distribution of essential farm inputs. Agriculture’s contribution to GDP in Nigeria is very significant despite the declining productivity of the sector. From 60% of GDP in 1960 and an average of 58.8% betwe ...
PDF
... fact his PPP-adjusted figures suggest that we may be underestimating the relative inefficiency of agriculture in poor countries. His PPP adjusted data (pp. 135-36, Table 7.3) show that agricultural output per worker in the highest-productivity country (New Zealand) is greater than the comparable fig ...
... fact his PPP-adjusted figures suggest that we may be underestimating the relative inefficiency of agriculture in poor countries. His PPP adjusted data (pp. 135-36, Table 7.3) show that agricultural output per worker in the highest-productivity country (New Zealand) is greater than the comparable fig ...
speech by David Gruen
... trade, without any offset from the exchange rate, was very destabilising for the macroeconomy, as we will see. In the current episode, by contrast, the exchange rate was rising strongly before there had been much of a rise in the terms of trade, presumably because markets were anticipating that the ...
... trade, without any offset from the exchange rate, was very destabilising for the macroeconomy, as we will see. In the current episode, by contrast, the exchange rate was rising strongly before there had been much of a rise in the terms of trade, presumably because markets were anticipating that the ...
What is Real GDP?
... By the value of aggregate output produced by the economy in a given year or by its GDP. Formal Definition of GDP: GDP stands for Gross Domestic Product. It represents the total value, measured in current prices, of all final goods and services, produced in the economy during a given year. ...
... By the value of aggregate output produced by the economy in a given year or by its GDP. Formal Definition of GDP: GDP stands for Gross Domestic Product. It represents the total value, measured in current prices, of all final goods and services, produced in the economy during a given year. ...
The Current Account Deficit: Structural Improvements
... growth in domestic demand and imports of 7.7 per cent and 30 per cent respectively in the year to the June quarter 1989, and growth of 6.8 per cent and 20.6 per cent in the year to the December quarter 1994. As discussed in Budget Statement 2, inflation is forecast to rise only gradually in 1998-99 ...
... growth in domestic demand and imports of 7.7 per cent and 30 per cent respectively in the year to the June quarter 1989, and growth of 6.8 per cent and 20.6 per cent in the year to the December quarter 1994. As discussed in Budget Statement 2, inflation is forecast to rise only gradually in 1998-99 ...
FRBSF E L
... and range for real GDP growth forecasts from the Federal Reserve Board members and Federal Reserve Bank presidents. Over the past seven years, many growth forecasts, including the SEP’s central tendency midpoint, have been too optimistic. In particular, the SEP midpoint forecast (1) did not anticipa ...
... and range for real GDP growth forecasts from the Federal Reserve Board members and Federal Reserve Bank presidents. Over the past seven years, many growth forecasts, including the SEP’s central tendency midpoint, have been too optimistic. In particular, the SEP midpoint forecast (1) did not anticipa ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... transformed its economy from a system driven by collectivized agriculture to an emergent industrial economy, which has been acknowledged as a phenomenal success story in modern times. This development has paved the way for China‟s market-led rapid growth. In the same manner, Brazil‟s recent economic ...
... transformed its economy from a system driven by collectivized agriculture to an emergent industrial economy, which has been acknowledged as a phenomenal success story in modern times. This development has paved the way for China‟s market-led rapid growth. In the same manner, Brazil‟s recent economic ...
Chinese economic reform
The Chinese economic reform (simplified Chinese: 改革开放; traditional Chinese: 改革開放; pinyin: Gǎigé kāifàng; literally: ""Reform & Opening up"") refers to the program of economic reforms called ""Socialism with Chinese characteristics"" in the People's Republic of China (PRC) that was started in December 1978 by reformists within the Communist Party of China (CPC) led by Deng Xiaoping.China had one of the world's largest and most advanced economies prior to the nineteenth century. In the 18th century, Adam Smith claimed China had long been one of the richest, that is, one of the most fertile, best cultivated, most industrious, most prosperous and most urbanized countries in the world. The economy stagnated since the 16th century and even declined in absolute terms in the nineteenth and much of the twentieth century, with a brief recovery in the 1930s.Economic reforms introducing market principles began in 1978 and were carried out in two stages. The first stage, in the late 1970s and early 1980s, involved the decollectivization of agriculture, the opening up of the country to foreign investment, and permission for entrepreneurs to start businesses. However, most industry remained state-owned. The second stage of reform, in the late 1980s and 1990s, involved the privatization and contracting out of much state-owned industry and the lifting of price controls, protectionist policies, and regulations, although state monopolies in sectors such as banking and petroleum remained. The private sector grew remarkably, accounting for as much as 70 percent of China gross domestic product by 2005. From 1978 until 2013, unprecedented growth occurred, with the economy increasing by 9.5% a year. The conservative Hu-Wen Administration more heavily regulated and controlled the economy after 2005, reversing some reforms.The success of China's economic policies and the manner of their implementation has resulted in immense changes in Chinese society. Large-scale government planning programs alongside market characteristics have minimized poverty, while incomes and income inequality have increased, leading to a backlash led by the New Left. In the academic scene, scholars have debated the reason for the success of the Chinese ""dual-track"" economy, and have compared them to attempts to reform socialism in the East Bloc and the Soviet Union, and the growth of other developing economies.