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Economy Model (GEM) is used to estimate the impact that emerging Asia’s growth differential has had on Australia. The … simulation analysis, which replicates some key features from the last decade, suggests that roughly 25 percent of Australia … suggests that should emerging Asia continue to grow in a similar fashion, Australia’s growth dividend could almost double. On …
Persistent link: https://www.econbiz.de/10014402654
Australia and New Zealand. The two countries have not been hit hard by the global crisis, but have large net external …-term potential growth of about 3 percent for Australia and 2. percent for New Zealand, higher than that of many other advanced …
Persistent link: https://www.econbiz.de/10014402919
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 …
Persistent link: https://www.econbiz.de/10014404297
The existing literature suggests a number of alternative methods to test for the presence of contagion during financial market crises. This paper reviews those methods and shows how they are related in a unified framework. A number of extensions are also suggested that allow for multivariate...
Persistent link: https://www.econbiz.de/10014401432
-factor productivity (MFP) in a panel of industries in 15 OECD countries over the period 1980 to 2003, with a special focus on Australia … Technologies (ICTs). We show that reforms of both the labor and product markets since the early 1990s can explain Australia …
Persistent link: https://www.econbiz.de/10014401500
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Rising income inequality has emerged as a major policy issue facing policymakers, but there is a dearth of empirical work on inequality in small states, including the Caribbean. Despite data limitations, the empirical analysis using a sample of small states finds that increased openness and...
Persistent link: https://www.econbiz.de/10012518290
Covid-19 has exacerbated economic and social vulnerabilities across Sub-Saharan Africa (SSA). There is a risk that growth could be lower for longer, with a setback to development. Post-pandemic reforms thus become even more important, especially with constrained scope for fiscal and monetary...
Persistent link: https://www.econbiz.de/10012518323