An Analysis of the Output and Employment Conversion Matrices of Australia's Economy | Science Publications

American Journal of Applied Sciences

Tim Robinson¹  Abbas Valadkhani¹ 

关键词: Output;    Employment;    Conversion Matrices;    Australian Economy;   

DOI  :  10.3844/ajassp.2005.483.490

学科分类：自然科学（综合）

来源: Science Publications

【 摘 要 】

Based on two snapshots taken from the Australian economy, this study quantifies theimpacts of final demand aggregates on output and employment in various sectors using the 1989 and1997 conversion matrices. The sectoral output and employment are linked with final demand deliveriesin such a way that one can measure the impacts on changes in each component of aggregate demand,other components remaining unchanged, on output and employment. A comparison of the aggregateoutput and employment multipliers in 1989 to 1997 indicates that while the output multipliers haveincreased, the employment multipliers have declined. This means that through time, due to risinglabour productivity, the various components of aggregate demand would need to grow at a faster ratein order to achieve a certain employment growth. It was also found that almost all employmentgenerated between 1989 to 1997 was in three service industries, namely community, social andpersonal services; wholesale retail; restaurants and property: and business services. These areindustries that are least likely to have benefited from the productivity gains that resulted from themicroeconomic reforms that characterised the Australian economy during this period. On a relativebasis, a rise in various components of aggregate final demand can lead to a higher employmentgeneration in these three industries.

【 授权许可】

Unknown