The Social Opportunity Cost of Consumption for Australia, 1960–61 to 1988–89
作者:
Ian M. McDonald,
Luca Tacconi,
Ravjeet Kaur,
期刊:
Australian Economic Review
(WILEY Available online 1992)
卷期:
Volume 25,
issue 1
页码: 44-53
ISSN:0004-9018
年代: 1992
DOI:10.1111/j.1467-8462.1992.tb00575.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
The social opportunity cost of consumption (SOCC) for an economy is the rate at which current consumption can be traded for consumption in the future. The SOCC is an important determinant of the socially optimal levels of investment and the current account surplus and should be an input into the framing of government economic policy. Using overseas interest rates, the SOCC for Australia is calculated in this article. The calculated series is fairly constant for the 1960s and then has a pronounced cyclical pattern from the late 1960s to 1988–89. The average value of the SOCC for Australia is about four per cen
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