LEADER 05412oam 22011534 450 001 9910788348503321 005 20230721045635.0 010 $a1-4623-1945-9 010 $a1-4527-4604-4 010 $a9786612842382 010 $a1-4518-7163-5 010 $a1-282-84238-2 035 $a(CKB)3170000000055186 035 $a(EBL)1608144 035 $a(SSID)ssj0000943303 035 $a(PQKBManifestationID)11484319 035 $a(PQKBTitleCode)TC0000943303 035 $a(PQKBWorkID)10978110 035 $a(PQKB)10652029 035 $a(OCoLC)680613557 035 $a(MiAaPQ)EBC1608144 035 $a(IMF)WPIEE2009016 035 $a(EXLCZ)993170000000055186 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe Declining Importance of Tradable Goods Manufacturing in Australia and New Zealand : $eHow Much Can Growth Theory Explain? /$fBenjamin Hunt 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (17 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-1599-3 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. An Overview of The Global Economic Model; A. Households; B. Firms; C. Government; D. Parameterization; III. The Stylized Facts; Figures; 1. Share of Tradable Goods Production in GDP; 2. Annual Labor Productivity Growth; IV. Simulation Results; A. Some Broad Features of the Simulation Results; Tables; 1. Average Annual Labor Productivity Growth 1995 to 2004; 3. Some Broad Macroeconomic Consequences of Unbalanced Growth; B. Effect of Unbalanced Growth on Tradables Production; C. Internal and External Contributions; 2. Change Over Ten Years in Share of GDP 327 $aV. Conclusions3: Simulated Changes Over Ten Years in Share of GDP; References; 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 330 3 $aIn this paper, the IMF's new Global Economy Model (GEM) is used to estimate the contribution of unbalanced growth to the decline in the share of goods production in Australia and New Zealand. The simulation results suggest that faster productivity growth in the tradable goods sector in Australia, New Zealand, and their major trading partners accounts for a significant portion of the relative decline in the importance of goods production. Over the 1995 to 2004 period, unbalanced growth explains more than 80 percent of the decline in goods production in both countries. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/016 606 $aEconomic development$zAustralia$xEconometric models 606 $aEconomic development$zNew Zealand$xEconometric models 606 $aInvestments: Commodities$2imf 606 $aInflation$2imf 606 $aProduction and Operations Management$2imf 606 $aMacroeconomics$2imf 606 $aMacroeconomics: Production$2imf 606 $aEconomic Growth of Open Economies$2imf 606 $aMacroeconomic Aspects of International Trade and Finance: Forecasting and Simulation$2imf 606 $aIndustrial Organization and Macroeconomics: Industrial Structure and Structural Change$2imf 606 $aIndustrial Price Indices$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aCommodity Markets$2imf 606 $aLabor Economics: General$2imf 606 $aInvestment & securities$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aProductivity$2imf 606 $aCommodities$2imf 606 $aProduction$2imf 606 $aPrices$2imf 606 $aLabor$2imf 606 $aIndustrial productivity$2imf 606 $aCommercial products$2imf 606 $aLabor economics$2imf 607 $aNew Zealand$2imf 615 0$aEconomic development$xEconometric models. 615 0$aEconomic development$xEconometric models. 615 7$aInvestments: Commodities 615 7$aInflation 615 7$aProduction and Operations Management 615 7$aMacroeconomics 615 7$aMacroeconomics: Production 615 7$aEconomic Growth of Open Economies 615 7$aMacroeconomic Aspects of International Trade and Finance: Forecasting and Simulation 615 7$aIndustrial Organization and Macroeconomics: Industrial Structure and Structural Change 615 7$aIndustrial Price Indices 615 7$aPrice Level 615 7$aDeflation 615 7$aCommodity Markets 615 7$aLabor Economics: General 615 7$aInvestment & securities 615 7$aLabour 615 7$aincome economics 615 7$aProductivity 615 7$aCommodities 615 7$aProduction 615 7$aPrices 615 7$aLabor 615 7$aIndustrial productivity 615 7$aCommercial products 615 7$aLabor economics 700 $aHunt$b Benjamin$0895004 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788348503321 996 $aThe Declining Importance of Tradable Goods Manufacturing in Australia and New Zealand$93716536 997 $aUNINA