Quantitative Economic Analysis

Australian Quarterly Gross State Product (GSP): September Quarter 2020/21

Data, Python, Quantitative Economic Analysis /

A few weeks ago the Australian Bureau of Statistics (ABS) published the September quarter 2021 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 ABS does not publish quarterly state and territory GSP. The Practical Economics quarterly GSP […]

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Australian Quarterly State Accounts: 2020-21 Benchmark True-Up

Australia Quarterly Gross State Product, Data, Quantitative Economic Analysis, Uncategorized /

On 19 November 2021 the Australian Bureau of Statistics (ABS) published its 2020-21 State Accounts, containing annual Gross State Product (GSP) for each state and territory in the federation. Previously, on 30 September 2021 Practical Economics published full-year 2020-21 data for our quarterly Gross State Product (GSP) for Australian States and Territories, despite not yet

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Australian Quarterly Gross State Product (GSP): June Quarter 2020/21

Australia Quarterly Gross State Product, Data, Quantitative Economic Analysis /

A few weeks ago the Australian Bureau of Statistics (ABS) published the June quarter 2021 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. We’ve been very busy on our day job so not only are we a bit

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Australian Quarterly Gross State Product (GSP): March Quarter 2020/21

Australia Quarterly Gross State Product, Data, Quantitative Economic Analysis /

A couple of weeks ago the Australian Bureau of Statistics (ABS) published the March quarter 2021 Australian National Accounts: National Income, Expenditure and Product (Cat. No. 5206), which means we can update our quarterly Australian State and Territory Gross State Product (GSP) series. Our day job has been a bit busy so we’ve taken a

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Australian State and Territory Quarterly Gross State Product (GSP)

Australia Quarterly Gross State Product, Data, Quantitative Economic Analysis /

We don’t forecast anymore at Practical Economics. We learned the hard way that we were not very good at it. Nevertheless, State and Territory Treasuries must undertake the unenviable task of reading the tea leaves. Growth in real (constant price) Gross State Product (GSP) is a key measure of the health of a State or

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The Difference between Input-output Multipliers and Keynesian Multipliers

Industry Assistance, Quantitative Economic Analysis /

Early on in the Proprietor’s career in the Commonwealth Government we examined a request for a Wholesale Sales Tax (WST) reduction for camper trailers (See the Australian definition here). Attached to this request was a large multiplier showing how the Australian economy would expand several times the size of the WST cut. We can’t remember

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‘Footy claims bigger dollar for dollar economic impact in WA than mining’? What input-output multipliers really mean.

Industry Assistance, Python, Quantitative Economic Analysis, Uncategorized /

As we write this, due to the Wuhan/Coronavirus the Australian Football League teams were playing matches in front of no spectators over a shortened season before the league was delayed entirely. The Western Australian Football League has been delayed until June, while junior training and games in Western Australia were also cancelled until June. We

‘Footy claims bigger dollar for dollar economic impact in WA than mining’? What input-output multipliers really mean. Read More »

Installing Python (Anaconda), Pyomo and GLPK – the only economic modelling software you’ll ever need.

Python, Quantitative Economic Analysis /

OK, maybe not the only software you’ll ever need, but only maybe. At least it’s all you need to implement any Practical Economics analysis provided on this blog. It’s what we use. If anything extra is required for anything we post we’ll let you know how to install it at the time. What is Python?

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