RDP 2015-07: A Multi-sector Model of the Australian Economy Appendix B: Data Sources and Definitions
May 2015 – ISSN 1448-5109 (Online)
- Download the Paper 1.28MB
GDP (Δyobs): Quarterly percentage change of real gross domestic product, seasonally adjusted and in chain volume terms. Source: ABS Cat No 5206.0 ‘Australian National Accounts: National Income, Expenditure and Product’.
Consumption (Δcobs): Quarterly percentage change of real household final consumption expenditure, seasonally adjusted and in chain volume terms. Source: ABS Cat No 5206.0.
Investment (Δiobs): Quarterly percentage change of real private gross fixed capital formation, seasonally adjusted and in chain volume terms. Source: ABS Cat No 5206.0.
Public demand (Δgobs): Quarterly percentage change of real public demand. Public demand is calculated as the sum of government final consumption expenditure and public gross fixed capital formation, with all data seasonally adjusted and in chain volume terms. Source: ABS Cat No 5206.0.
Resource exports (Δzx obs): Quarterly percentage change in resource export volumes, seasonally adjusted and in chain volume terms. Source: RBA statistical table I1 International Trade and Balance of Payments.
Non-resource exports : Quarterly percentage
change in non-resource export volumes. Non-resource export volumes are calculated
as the difference between total export volumes and resource export volumes,
with all data in seasonally adjusted and chain volume terms. Source: RBA
statistical table I1 International Trade and Balance of Payments.
Non-tradeable value added : Quarterly growth
rate of value-added production in the non-tradeable sector. The non-tradeable
sector consists of the electricity, gas, water & waste industry, the
construction industry, the retail trade industry, the information, media
& telecommunications industry, the finance & insurance industry,
the real estate industry, the professional services industry, the administrative
services industry, the public administration industry, the education industry,
the healthcare industry, the arts & recreation industry, the other services
industry and ownership of dwellings. We calculate the growth rate of this
series by summing the growth rates of each industry weighted by that industry's
share of non-tradeable value added. Sources: ABS Cat No 5204.0 ‘Australian
System of National Accounts’ and ABS Cat No 5206.0.
Non-resource tradeable value added : Quarterly growth
rate of value-added production in the non-resource tradeable sector. The
non-resource tradeable sector consists of the agriculture, forestry &
fishing industry, the manufacturing industry, the transport industry, the
wholesale trade industry and the
accomodation & food services industry. We calculate the growth
rate of this series by summing the growth rates of each industry weighted
by that industry's share of non-tradeable value added. Sources: ABS Cat
Nos 5204.0 and 5206.0.
Resources value added : Quarterly growth
rate of value-added production in the mining industry. Source: ABS Cat No
5206.0.
Inflation (πobs): Quarterly trimmed mean inflation excluding interest and tax changes. Source: RBA statistical table G1 Consumer Price Inflation.
Non-tradeable inflation : Quarterly inflation
rate of non-tradable goods and services. Source: RBA statistical table G1
Consumer Price Inflation.
Cash rate (robs): Quarterly average interbank overnight cash rate. Source: RBA statistical table F1.1 Interest Rates and Yields – Money Market.
Nominal exchange rate (Δsobs): Quarterly percentage change in the average nominal exchange rate. Source: RBA statistical table F11 Exchange Rates.
Resource prices : Quarterly percentage
change in the RBA non-rural commodity price index measured in Special Drawing
Rights. Source: RBA statistical table I2 Commodity Prices.
Foreign GDP (y* obs): Quarterly percentage change of the real gross domestic product of Australia's major trading partners weighted by GDP at purchasing power parity exchange rates. Source: RBA.
Foreign inflation (π* obs): Quarterly average inflation rate of the G7 economies. Source: RBA.
Foreign interest rates (r* obs): Quarterly average policy rate of the United States, Japan and euro area (Germany before 1999). Source: RBA statistical table F13 International Official Interest Rates.