01863cas a2200313 a 4500 AALejournalIMF005550 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451871630 1018-5941 BD-DhAAL BD-DhAAL Hunt, Benjamin. The Declining Importance of Tradable Goods Manufacturing in Australia and New Zealand : How Much Can Growth Theory Explain? / Benjamin Hunt. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (17 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In this paper, the IMF's new Global Economy Model (GEM) is used to estimate the contribution of unbalanced growth to the decline in the share of goods production in Australia and New Zealand. The simulation results suggest that faster productivity growth in the tradable goods sector in Australia, New Zealand, and their major trading partners accounts for a significant portion of the relative decline in the importance of goods production. Over the 1995 to 2004 period, unbalanced growth explains more than 80 percent of the decline in goods production in both countries. Mode of access: Internet Goods Production imf Goods imf Price imf Unbalanced Growth imf WP imf New Zealand imf IMF Working Papers; Working Paper ; No. 2009/016 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/016/001.2009.issue-016-en.xml IMF e-Library