PRACTICAL ECONOMICS
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Helping Economists Solve Real Problems.
Australian Quarterly Gross State Product (GSP): March Quarter 2022/23
June 26, 2023
On 1 June 2023 the Australian Bureau of Statistics (ABS) published the March quarter 2023 Australian National Accounts: National Income, Expenditure and Product (Cat. No. 5206), which means we can update the Practical Economics quarterly Australian state and territory Gross State Product (GSP) series.
The…
Australian Quarterly Gross State Product (GSP): Technical Paper, December Quarter 2022 and 2021/22 Annual Benchmark
June 5, 2023
The ABS does not publish quarterly Australian state and territory GSP estimates, so Practical Economics generates quarterly GSP by benchmarking quarterly industry indicators to annual GSP benchmarks.
Economics of Electricity Markets: Chapter 2
July 22, 2022
While a little off topic for our recent posts, one of the projects on our ‘someday’ list is to write a book on the economics of electricity markets. We’ve struggled to get this into our ‘in progress’ file, so what better way to progress it than a public commitment of posting…
Australian Quarterly Gross State Product (GSP): March Quarter 2021/22
June 24, 2022
On 1 June 2022 the Australian Bureau of Statistics (ABS) published the March quarter 2022 Australian National Accounts: National Income, Expenditure and Product (Cat. No. 5206), which means we can update the Practical Economics quarterly Australian State and Territory Gross State Product…
Cost-Benefit Analysis versus Computable General Equilibrium Modelling: The Case of Logging Mowen Forest
May 25, 2022
Recently we were going through some of our old internet bookmarks and came across a link from 2015 on the controversy surrounding the then proposed logging of the the Mowen State Forest southeast of Margaret River in Western Australia.
The article was published in the West Australian, authored by Daniel…
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