Australia and the United States in 1991 (Doc)
Added on 2020-02-24
18 Pages3823 Words46 Views
qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwA Comparative Analysis of theAustralian and US Economy between1985 - 2016[Type the document subtitle][Pick the date]Com
Contents1.Introduction.........................................................................................................................................22.Real GDP Growth Rates: A Comparison...............................................................................................23.The Role of Exchange Rates.................................................................................................................64.The Role of Trade Balance or Net Exports...........................................................................................85.The Role of Interest Rates.................................................................................................................116.Conclusion.........................................................................................................................................14Bibliography...............................................................................................................................................15
Executive SummaryAustralia and the United States have seen tremendous growth since the year 1991. The Australian growth for a period of nearly a decade beginning in the early 1990s is generally known as an economic miracle. The two countries enjoyed similar growth rates and similar growth paths in during the decade from 1991-2000. This led many to believe that there are linkages between the real economy of the USA and the Australian economy and explore the linkages between the two economies. While the two countries seem to have similar track records, it could be purely circumstantial. The following paper analyses the data on various macro-economic parameters such as Real GDP Growth Rate, Real Effective Exchange Rate, Interest Rates and Net Exports growth between the two countries.
IntroductionAustralia and the United States have seen tremendous growth since the year 1991. The country followed very similar trajectories of economic growth since the year 1985 for nearly up to a decade. Thishas led to the belief that the Australian economy is greatly affected by movements in other economies. However, Bean (2000) argues that this was a period of prosperity for most advanced countries including other countries like Japan. The economies of the two countries are linked due to trade and globalization but the two countries have differences too. These include differences in population size , geographical positions and more
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