Search: macro economy

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RBA Glossary definition for macro economy

macro economy – The economy looked at as a whole or in terms of major components measured by aggregates such as gross domestic product, the balance of payments and related links, in the context of the national economy. This contrasts with microeconomics which focuses upon specific firms or industries.

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Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia

22 Mar 2023 RDP 2023-03
Jonathan Hambur and Dan Andrews
However, growth in labour productivity has slowed markedly over recent decades in Australia and other advanced economies. ... firms been larger, by 2017 the economy would have been $13 billion (or per cent of GDP) larger, equating to around $550 per
https://www.rba.gov.au/publications/rdp/2023/2023-03/full.html

Read me file

22 Mar 2023 RDP 2023-03
Jonathan Hambur and Dan Andrews
06 Regressions larger sample. 07 Table and macro effects estimation. Mark-up code is taken from Hambur (forthcoming) and represents ‘base’ code that can be used to estimate with differing parameters. ... Reference. Hambur J (forthcoming), ‘Product
https://www.rba.gov.au/publications/rdp/2023/2023-03/read-me.html

References

22 Mar 2023 RDP 2023-03
Jonathan Hambur and Dan Andrews
Hambur J (forthcoming), ‘Product Market Competition and Its Implications for the Australian Economy’, Economic Record. ... Haskell J and S Westlake (2017), Capitalism without Capital: The Rise of the Intangible Economy, Princeton University Press,
https://www.rba.gov.au/publications/rdp/2023/2023-03/references.html