Accounting for Growth and Output Gaps: Evidence from New Zealand

Fox, Kevin J.; Kohli, Ulrich; Warren, Ronald S.

doi:10.1111/1475-4932.00060

Cited by 10 publications

(7 citation statements)

References 34 publications

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“…and (7) where the index for each netput m and fixed-input n is itself a Törnqvist index. In this manner, Equations (3), (6), and (7) collectively represent a detailed decomposition of profits between firms a and b (for related index-number decompositions in different contexts, see the seminal paper by Diewert and Morrison (1986) and also Fox et al . (2002)).…”

Section: Methods For Decomposing Firm-level Profitsmentioning

confidence: 99%

Capacity reduction, quota trading and productivity: the case of a fishery*

Fox

Grafton

Kompas

et al. 2006

Aus J Agri & Res Econ

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We present the first ex post study that quantitatively analyses the effects of a licence buyback and enhanced quota trading on the profitability and productivity of individual vessels in a fishery. Using firm-level data and a profit index decomposition method, we find that small and large vessels and three different trawler fleets all experienced substantial productivity gains in the year immediately following a licence buy-back and the establishment of a quota brokerage service. The apparent ongoing benefits of the buy-back and increased quota trading over the sample period are in stark contrast to the generally unfavourable long-term outcomes commonly associated with vessel buy-backs in input-controlled fisheries.

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Section: Methods For Decomposing Firm-level Profitsmentioning

confidence: 99%

Capacity reduction, quota trading and productivity: the case of a fishery*

Fox

Grafton

Kompas

et al. 2006

Aus J Agri & Res Econ

Self Cite

View full text Add to dashboard Cite

show abstract

“…The starting point for index number derivations based on GDP is a set of inputs and outputs from the production processes that can be divided into domestic outputs, exported outputs, and imported inputs: Diewert andMorrison 1986 or Fox, Kohli, andWarren 2002). If one assumes that these netputs can be represented by a netput vector,…”

Section: Nominal Income Aggregatesmentioning

confidence: 99%

Measurement of Real Income in the System of National Accounts: An Application to North American Economies

Macdonald¹

2011

SSRN Journal

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La version française de cette publication est disponible (n o 11F0027M au catalogue, n o 068). Note of appreciation Canada owes the success of its statistical system to a long-standing partnership between Statistics Canada, the citizens of Canada, and Canada's businesses, governments, and other institutions. Accurate and timely statistical information could not be produced without the continued cooperation and goodwill of these partners. Standards of service to the public Statistics Canada is committed to serving its clients in a prompt, reliable, and courteous manner. To this end, the Agency has developed standards of service which its employees observe in serving its clients. To obtain a copy of these service standards, please contact Statistics Canada, toll-free, at 1-800-263-1136. The service standards are also published on www.statcan.gc.ca. Under "Our agency": click on "About us > The agency" and select "Providing services to Canadians." Economic Analysis Research Paper Series The Economic Analysis Research Paper Series provides for the circulation of research conducted by the staff of National Accounts and Analytical Studies, visiting fellows, and academic associates. The Economic Analysis Research Paper Series is meant to stimulate discussion on a range of topics, including the impact of the New Economy, productivity issues, firm profitability, technology usage, the effect of financing on firm growth, depreciation functions, the use of satellite accounts, savings rates, leasing, firm dynamics, hedonic estimations, diversification patterns, investment patterns, differences in the performance of small and large firms and of domestic and multinational firms, and purchasing power parity estimates. Readers of the series are encouraged to contact the authors with comments and suggestions. The primary distribution medium for the papers is the Internet. These papers can be accessed for free at www.statcan.gc.ca. All papers in the Economic Analysis Research Paper Series go through institutional and peer review, in order to ensure that they conform to Statistics Canada's mandate as a government statistical agency and adhere to generally accepted standards of good professional practice. The papers in the series often include results derived from multivariate analysis or other statistical techniques. It should be recognized that the results of these analyses are subject to uncertainty in the reported estimates.

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“…It has the attractive property of being log‐additive, making it possible to interpret factors as contributions to growth. In addition to the ease of interpretation, the Tornqvist and Fisher ideal index are equivalent to a second order approximation (Diewert, 1978), which as Fox et al . (2002) point out, makes them equivalent to at least two decimal points.…”

Section: Real Gross Domestic Product and Real Gross Domestic Incomementioning

confidence: 99%

Real Gross Domestic Income, Relative Prices, and Economic Performance Across the Oecd

Macdonald

2010

Review of Income and Wealth

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This paper uses OECD data to examine changes in labor productivity, real gross domestic product (GDP) and real gross domestic income (GDI), economic aggregates, and relative economic growth over time. Real GDI combines changes in production (real GDP) with a trading gain derived from relative price changes. The paper considers two sources of trading gains: the terms of trade, and the real exchange rate. For OECD countries, the terms of trade is the more important price ratio, making a contribution to real income growth that is, on average, an order of magnitude larger than the real exchange rate. Over long time periods, the most important source of real income growth is changes in production. Over shorter time horizons, however, the trading gain can make noteworthy contributions. Changes in aggregates like real private consumption, or the relative economic performance of nations, are shown to be particularly dependent on the trading gain during the large swings in resource prices that occurred post-2002. Copyright 2010 The Author. Review of Income and Wealth 2010 International Association for Research in Income and Wealth.

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Accounting for Growth and Output Gaps: Evidence from New Zealand

Cited by 10 publications

References 34 publications

Capacity reduction, quota trading and productivity: the case of a fishery*

Capacity reduction, quota trading and productivity: the case of a fishery*

Measurement of Real Income in the System of National Accounts: An Application to North American Economies

Real Gross Domestic Income, Relative Prices, and Economic Performance Across the Oecd

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