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Author/Editor:
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Sun, Yan
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Publication Date:
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May 01, 2010
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Electronic Access:
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Free Full text
(PDF file size is 1,318KB).
Use the free
Adobe Acrobat Reader
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
Using a production function method, this paper assesses the impact of the global crisis on the potential growth of Australia and New Zealand. The two countries have not been hit hard by the global crisis, but have large net external liabilities. The paper finds that the main negative impact of the global crisis is likely to come through higher costs of capital, offset partly by a higher return to capital from strong demand for commodities by emerging Asia. It estimates medium-term potential growth of about 3 percent for Australia and 2. percent for New Zealand, higher than that of many other advanced economies.
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Order a print copy
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Series:
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Working Paper No. 10/127
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Subject(s):
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Australia | Capital | Economic growth | Financial crisis | Global Financial Crisis 2008-2009 | Investment | Labor | New Zealand | Production growth | Productivity | Unemployment
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Author's Keyword(s):
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Potential growth | TFP | financial crisis | cost of capital |
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English
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Publication Date:
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May 01, 2010
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Format:
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Paper
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Stock No:
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WPIEA2010127
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Pages:
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22
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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