Search: GDP
RBA Glossary definition for GDP
GDP – Gross Domestic Product. A key measure of the value of economic production in the economy. GDP is determined in one of three ways: the value of goods and services produced less the cost of production; the sum of incomes generated by production; the sum of final expenditure on goods and services produced plus exports minus imports. An average of the three approaches may be calculated and is also referred to as GDP.
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Appendix B: Data Descriptions, Sources and Summary Figures
31 Dec 2005
RDP
2005-08
Download the Paper838. KB. Real GDP non-seasonally adjusted, from Datastream (originally from national statistical offices). ... Cyclically-adjusted government primary balance as a percentage to GDP. Sourced from EO.
https://www.rba.gov.au/publications/rdp/2005/2005-08/appendix-b.html
Explanations for Declining Output Volatility
31 Dec 2005
RDP
2005-08
f) The value of total trade as a per cent to GDP; 5-year average. ... and indeed for some countries, GDP less the change in inventories is actually more volatile than GDP itself (Table 1).
https://www.rba.gov.au/publications/rdp/2005/2005-08/explanations-declining-volatility.html
Results
31 Dec 2005
RDP
2005-08
Though statistically insignificant, the point estimate for financial liberalisation implies that the average rise in the ratio of credit to GDP (of 42 percentage points) was associated with a rise in ... Table 6: Panel Regression Results for GDP
https://www.rba.gov.au/publications/rdp/2005/2005-08/results.html
Methodology and Data
31 Dec 2005
RDP
2005-08
Financial liberalisation. Trade openness. GDP volatility. 1.00. Product market regulations. 0.25. ... where:. is the standard deviation of annual growth of real GDP for country i; X.
https://www.rba.gov.au/publications/rdp/2005/2005-08/methodology-and-data.html
Introduction
31 Dec 2005
RDP
2005-08
the standard deviation of the annual growth rate of GDP has fallen by more than 1 percentage point since the 1970s. ... One approach examines changes in the make-up and behaviour of various components of GDP for a given country.
https://www.rba.gov.au/publications/rdp/2005/2005-08/introduction.html
Conclusions
31 Dec 2005
RDP
2005-08
Other indirect measures of market reforms, such as trade openness and credit to GDP, are generally not statistically significant explanators of output volatility.
https://www.rba.gov.au/publications/rdp/2005/2005-08/conclusions.html
References
31 Dec 2005
RDP
2005-08
McConnell MM, PC Mosser and G Perez-Quiros (1999), ‘A decomposition of the increased stability of GDP growth’, Federal Reserve Bank of New York.
https://www.rba.gov.au/publications/rdp/2005/2005-08/references.html