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 A: Data Sources
1 Nov 1996
RDP
9608
The UK measure of GDP is quarterly and is converted into an annual measure. ... The output gap is calculated as the percentage deviation of GDP(A) from a Hodrick-Prescott trend.
https://www.rba.gov.au/publications/rdp/1996/9608/appendix-a.html
Appendix C: The Behavioural Model of Australian Long Bond Yields – Integration Tests and Diagnostics
1 Nov 1996
RDP
9608
The return on domestic capital and inflationary expectations are both clearly stationary; the ratio of the Commonwealth government budget balance to GDP is mean stationary; the evidence for the undiversifiable risk ... Δ GDP. t3. 0.304. (0.111). 0.332.
https://www.rba.gov.au/publications/rdp/1996/9608/appendix-c.html
Appendix B: The Behavioural Model of the Australian Real Exchange Rate – Integration Tests and Diagnostics
1 Nov 1996
RDP
9608
as a proportion of GDP; and the real long interest rate differential.
https://www.rba.gov.au/publications/rdp/1996/9608/appendix-b.html
The Macroeconomic Model Approach
1 Nov 1996
RDP
9608
The concept is intended to describe an equilibrium position in the current account; in the Australian macro models this is achieved with a stable ratio of foreign liabilities to GDP (typically
https://www.rba.gov.au/publications/rdp/1996/9608/macroeconomic-model-approach.html
A Behavioural Model of the Australian Long-Term Interest Rate
1 Nov 1996
RDP
9608
t. (π). current inflationary expectations, generated by a Hodrick-Prescott filter of the GDP deflator;. ... g. domestic GDP growth, measured with the four-quarter-ended growth rate of GDP;.
https://www.rba.gov.au/publications/rdp/1996/9608/behavioural-model-of-the-australian-long-term-interest-rate.html
A Behavioural Model of the Australian Real Exchange Rate
1 Nov 1996
RDP
9608
cad. cumulated current account deficit, expressed as a proportion of GDP (defined such that a current account deficit is a positive number);. ... Government deficit and expressed as a proportion of GDP (defined such that a budget deficit is a positive
https://www.rba.gov.au/publications/rdp/1996/9608/behavioural-model-of-the-australian-real-exchange-rate.html