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
Tabla de Contenidos:
  • I. Introduction
  • II. An Overview of The Global Economic Model
  • A. Households
  • B. Firms
  • C. Government
  • D. Parameterization
  • III. The Stylized Facts
  • IV. Simulation Results
  • A. Some Broad Features of the Simulation Results
  • B. Effect of Unbalanced Growth on Tradables Production
  • C. Internal and External Contributions
  • V. Conclusions
  • References
  • Tables
  • 1. Average Annual Labor Productivity Growth 1995 to 2004
  • 2. Change Over Ten Years in Share of GDP
  • 3: Simulated Changes Over Ten Years in Share of GDP
  • Figures
  • 1. Share of Tradable Goods Production in GDP
  • 2. Annual Labor Productivity Growth
  • 3. Some Broad Macroeconomic Consequences of Unbalanced Growth
  • Appendixes
  • Appendix I. Calibration Details
  • Appendix Tables
  • 1: Key Steady-State Calibration Values
  • 2. Non-Commodity Tradables as Percent of GDP
  • 3. Production and Trade in Commodities as Shares of GDP
  • 4: Key Behavioral Parameter Values.

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