Consultancy report
This report by W. Erwin Diewert and Denis Lawrence, (Meyrick and Associates) was released on 28 March 2006. The Commission engaged the authors to undertake research that would:
- identify and implement improvements in practical welfare measurement beyond the conventional average income or GDP per capita measure
- gauge the welfare contributions of productivity and the terms of trade.
Download this publication
- Measuring the Contributions of Productivity and Terms of Trade to Australia's Economic Welfare (PDF 507.3 KB)
- Measuring the Contributions of Productivity and Terms of Trade to Australia's Economic Welfare (RTF 873.9 KB)
Contents
Preliminaries
Cover, Copyright, Foreword, Contents, About the Authors, Executive Summary
1 Introduction
2 The production theory framework
3 The translog GDP function approach
4 The translog GDP function approach and changes in the terms of trade
5 The first order approximation nonparametric approach
6 Deflated GDP translog approach for Australia
7 Deflated GDP first order approximation approach for Australia
8 The deflated NDP translog approach
9 Deflated NDP average of first order approximations approach
10 Conclusions
Appendix A Diewert-Lawrence database
References