The Declining Importance of Tradable Goods Manufacturing in Australia and New Zealand : How Much Can Growth Theory Explain? /

In this paper, the IMF''s new Global Economy Model (GEM) is used to estimate the contribution of unbalanced growth to the decline in the share of goods production in Australia and New Zealand. The simulation results suggest that faster productivity growth in the tradable goods sector in Au...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Hunt, Ben
Autor Corporativo: International Monetary Fund
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, 2009.
Colección:IMF Working Papers ; Working Paper no. 09/16.
Temas:
Economic development > Australia > Econometric models.
Economic development > New Zealand > Econometric models.
Développement économique > Australie > Modèles économétriques.
Développement économique > Nouvelle-Zélande > Modèles économétriques.
Economic development > Econometric models
Australia
New Zealand
Acceso en línea:Texto completo
Descripción
Sumario:In this paper, the IMF''s new Global Economy Model (GEM) is used to estimate the contribution of unbalanced growth to the decline in the share of goods production in Australia and New Zealand. The simulation results suggest that faster productivity growth in the tradable goods sector in Australia, New Zealand, and their major trading partners accounts for a significant portion of the relative decline in the importance of goods production. Over the 1995 to 2004 period, unbalanced growth explains more than 80 percent of the decline in goods production in both countries.
Notas:Available in PDF, ePUB, and Mobi formats on the Internet.
Descripción Física:1 online resource (17 pages)
ISBN:1451915993
9781451915990
ISSN:2227-8885 ;

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