Putting the Australian Economy on the Scales
Andrew Leigh
Australian Economic Review, 2021, vol. 54, issue 1, 19-35
Abstract:
Based on the increasing size of the service sector, some believe that growth in advanced countries has come without much change in the physical weight of output. To investigate the question, I generate rough estimates of the physical weight of Australian output from 1831 to 2018, using data on the weight of traded goods. These ballpark estimates imply that the weight of annual output increased from around 50,000 tonnes to around 800 million tonnes. Over the long term, a 10 per cent increase in real GDP was associated with a 12 per cent increase in the physical weight of output.
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://doi.org/10.1111/1467-8462.12408
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bla:ausecr:v:54:y:2021:i:1:p:19-35
Ordering information: This journal article can be ordered from
https://ordering.onl ... 7-8462&ref=1467-8462
Access Statistics for this article
Australian Economic Review is currently edited by John de New, Viet Hoang Nguyen and Susan Méndez
More articles in Australian Economic Review from The University of Melbourne, Melbourne Institute of Applied Economic and Social Research Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().