LEADER 05669oam 22012614 450 001 9910973786603321 005 20250426110708.0 010 $a9786612842382 010 $a9781462319459 010 $a1462319459 010 $a9781452746043 010 $a1452746044 010 $a9781451871630 010 $a1451871635 010 $a9781282842380 010 $a1282842382 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(IMF)WPIEA2009016 035 $aWPIEA2009016 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 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (17 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 08$a9781451915990 311 08$a1451915993 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 $aCommercial products$2imf 606 $aCommodities$2imf 606 $aCommodity Markets$2imf 606 $aDeflation$2imf 606 $aEconomic Growth of Open Economies$2imf 606 $aIncome economics$2imf 606 $aIndustrial Organization and Macroeconomics: Industrial Structure and Structural Change$2imf 606 $aIndustrial Price Indices$2imf 606 $aIndustrial productivity$2imf 606 $aInflation$2imf 606 $aInvestment & securities$2imf 606 $aInvestments: Commodities$2imf 606 $aLabor economics$2imf 606 $aLabor Economics: General$2imf 606 $aLabor$2imf 606 $aLabour$2imf 606 $aMacroeconomic Aspects of International Trade and Finance: Forecasting and Simulation$2imf 606 $aMacroeconomics$2imf 606 $aMacroeconomics: Production$2imf 606 $aPrice Level$2imf 606 $aPrices$2imf 606 $aProduction and Operations Management$2imf 606 $aProduction$2imf 606 $aProductivity$2imf 607 $aNew Zealand$2imf 615 0$aEconomic development$xEconometric models. 615 0$aEconomic development$xEconometric models. 615 7$aCommercial products 615 7$aCommodities 615 7$aCommodity Markets 615 7$aDeflation 615 7$aEconomic Growth of Open Economies 615 7$aIncome economics 615 7$aIndustrial Organization and Macroeconomics: Industrial Structure and Structural Change 615 7$aIndustrial Price Indices 615 7$aIndustrial productivity 615 7$aInflation 615 7$aInvestment & securities 615 7$aInvestments: Commodities 615 7$aLabor economics 615 7$aLabor Economics: General 615 7$aLabor 615 7$aLabour 615 7$aMacroeconomic Aspects of International Trade and Finance: Forecasting and Simulation 615 7$aMacroeconomics 615 7$aMacroeconomics: Production 615 7$aPrice Level 615 7$aPrices 615 7$aProduction and Operations Management 615 7$aProduction 615 7$aProductivity 676 $a330.947;330.947000724 700 $aHunt$b Benjamin$0895004 801 0$bDcWaIMF 906 $aBOOK 912 $a9910973786603321 996 $aThe Declining Importance of Tradable Goods Manufacturing in Australia and New Zealand$94371376 997 $aUNINA