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This paper analyses trends in Australia’s productivity performance and disaggregates productivity growth into industry contributions to evaluate how structural change is affecting productivity growth.
The Charter of Budget Honesty Act 1998 (the Charter) provides for the Secretary to the Treasury and the Secretary of the Department of Finance (the Secretaries) to release publicly a Pre‑election Economic and Fiscal Outlook report (PEFO) within 10 days of the issue of the...
'Nowcasting' is the prediction of the current state of the economy based on a range of partial indicators before the official economic statistics are released. It assists in the early identification of ‘turning points’ or significant shifts in momentum in the economy.
As well as updating the economic and fiscal outlook, the MYEFO updates the budgetary position. In particular, the MYEFO takes account of all decisions made since the release of the budget which affect expenses and revenue and hence revises the budget aggregates. An appendix to...
This paper outlines the challenges of forecasting and communicating estimates of the revenue impact of policies over the medium term. The variety of policy costings that Treasury undertakes and the benefits and shortcomings of static and dynamic microsimulation approaches are discussed, with the paper concluding...
This paper uses firm-level data from the Business Longitudinal Analysis Data Environment (BLADE) to measure the dispersion in labour productivity for six Australian industries (manufacturing; construction; retail trade; wholesale trade; professional, scientific and technical services; and administrative and support services).
This paper uses novel microdata sources spanning 2001-02 to 2015-16 to explore the structural drivers of wage growth in Australia, with a view to better understanding recent weak wage growth – a phenomenon observed across a range of advanced economies.