Iron ore supply can be expanded, but economic growth is difficult to achieve. This is detrimental to both China and Australia. In terms of the overall impact of the mining industry on the Australian economy, a 2014 study by the Reserve Bank of Australia found that the mining boom of the p...
This slope of the yield curve has been estimated using quarterly data on real GDP and the nominal spread is proxied by the difference in returns from the 10 year bond rate and the 90 day bill rate. The time-series analysis after unit root tests using stationary variables revealed that the ...
Australia’s GDP has seen a significant increase over the past decade, more than doubling its value, and experienced a rather quick recovery from the 2008 financial crisis, which indicates that the country experienced economic growth as well as higher productivity. One of the primary reasons is ...
Our EY CGE model¹ indicates that if multifactor productivity growth (labour and capital) were to remain flat over the next three years, compared to a baseline assumption of 1.2 per cent growth year-on-year, GDP would end up being 4.5 per cent lower. That’s roughly equivalent to losing...
But had growth not been soft, households would have had to endure another episode of Reserve Bank versus the inflation dragon. The December quarter GDP result of 1.5 per cent growth over the year was exactly in line with the Reserve Bank’s latest forecast – so the central bank will have...
A slower-than-expected GDP print in Australia has caused economists to reprice their forecasts for the local economy. It's now generally accepted that Australia is either in a per capita recession - or at the very least - the start of a period of below-trend economic growth. So ...
Wage growth stagnation: Why concentration of market power might be to blame It’s dawning on people that when the competition between businesses isn’t strong, firms can raise their prices by more than the increase in their costs, and so fatten their profit margins. What’s yet to dawn is...
These adjustments do not affect growth rates, but they do affect absolute values and our GDP series should be used only with great caution in drawing any inferences about absolute levels of output. Users should exercise even greater caution in using this series to make crosscountry comparisons ...
then will offer more working positions for people. It will leads the growth of Australian GDP. Burgess(1997,p831) state that, “A growing part-time employment share has been one of the features of the Australian workforce over the past two decades. In this time the part-time workforce shar...
which connected iron ore prices inexorably with the extraordinarily large gap between China’s Nominal GDP growth and interest rates set by the PBoC, and it was clearly impossible to maintain this gap. In fact as I startedwritingmore about the outlook for hard commodity prices over the next yea...