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 C: Revisions to GDP and Recession Dating
31 Dec 2005
RDP
2005-07
Looking down the figure shows the dates of recessions for a given GDP vintage. ... In part, this appears to be the result of larger revisions to GDP in the 1970s.
https://www.rba.gov.au/publications/rdp/2005/2005-07/appendix-c.html
Results
31 Dec 2005
RDP
2005-07
Annual growth rates are often used to get a smoother picture of GDP growth. ... GDP. SW. FHLR. Alternative indices. SW. FHLR. q=3. (a). NBP q=1.
https://www.rba.gov.au/publications/rdp/2005/2005-07/results.html
The Australian Business Cycle: A Coincident Indicator Approach
1 Oct 2005
RDP
2005-07
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2005/2005-07.html
The Australian Business Cycle: A Coincident Indicator Approach
1 Oct 2005
RDP
2005-07
Research Discussion Paper – RDP 2005-07 The Australian Business Cycle: A Coincident Indicator Approach. Christian Gillitzer, Jonathan Kearns and Anthony Richards. October 2005. 1.72. MB. We thank Chris Caton, Tony Johnston, Christopher Kent, Carl
https://www.rba.gov.au/publications/rdp/2005/2005-07/
Applications of the Coincident Indices
31 Dec 2005
RDP
2005-07
Quarterly. Monthly. 1960–2004. 1960–2004. 1980–2004. GDP. SW. FHLR. Melbourne Institute. SW. ... For the US-Australian correlation of GDP these techniques deliver qualitatively equivalent results.
https://www.rba.gov.au/publications/rdp/2005/2005-07/app-co-indices.html
Introduction
31 Dec 2005
RDP
2005-07
There is a long-standing debate in the academic literature, dating from the seminal work of Burns and Mitchell (1946), as to whether the business cycle should be measured using GDP ... Assessing the business cycle based only on aggregate GDP may also
https://www.rba.gov.au/publications/rdp/2005/2005-07/introduction.html
Conclusion
31 Dec 2005
RDP
2005-07
To the untrained eye, quarterly changes in GDP appear to be largely white noise, at least in the early part of the sample. ... One consequence of the high volatility of quarterly GDP growth before 1980 is that it identifies many recessions.
https://www.rba.gov.au/publications/rdp/2005/2005-07/conclusion.html
The SW and FHLR Methodologies
31 Dec 2005
RDP
2005-07
Authors using the FHLR methodology have used as their weights the factor loadings for GDP, which is included in the panel of data in this methodology. ... Hence, the business cycle index in this case is the common component of GDP; that part of GDP that
https://www.rba.gov.au/publications/rdp/2005/2005-07/methodologies.html
Appendix B: Dating Recessions
31 Dec 2005
RDP
2005-07
Step 1:. Local peaks (troughs) in real GDP are found as quarters greater (less) than their neighbouring two quarters either side. ... We set μ equal to the mean growth rate of log GDP, and σ equal to the ratio of the standard deviations of four-quarter
https://www.rba.gov.au/publications/rdp/2005/2005-07/appendix-b.html
Appendix A: Composition of Data Panels
31 Dec 2005
RDP
2005-07
households, sa. 5. 1959:Q3–2004:Q4. ο. ο. ο. ο. GDP, sa. 5. ... 1959:Q3–2004:Q4. ο. ο. ο. ο. ο. ο. GDP non-farm, sa. 5.
https://www.rba.gov.au/publications/rdp/2005/2005-07/appendix-a.html