The legacy of those boomtime wage increases will be an uncompetitive
tradable sector, and hence the need to get at least relative wages down again.
In the case of the other
tradable sector, total production has grown quite slowly and even declined in some years.
Conversely, inflationary pressures in
the tradable sector will be generated by any depreciation of the exchange rate, although it can take some time for currency movements to be reflected fully in the prices of imported consumer goods and services (Chung, Kohler and Lewis 2011).
[6] This «rule - of - thumb» allocation is consistent with a «threshold» approach, in which industries are allocated to
the tradable sector if either their exports or competing imports are greater than a certain share of their gross output (generally 10 per cent; see Table B1 in Appendix B).
An appreciation of the exchange rate means that: the increase in the domestic currency price of commodity exports will be less than the increase in world commodity prices; the income of the other
tradable sector will fall; and real income gains flow to the broader economy via the associated decline in the price of imports.
For simplicity, this paper uses the agriculture, manufacturing and tourism (that is, transport and accommodation & food services) industries as a proxy for the non-resource
tradable sector.
The depreciation of the Australian dollar over recent years has improved Australia's competiveness and thereby supported production in
the tradable sector.
The depreciation of the Australian dollar between 2013 and 2015 also supported activity in the nonmining
tradable sector, which includes agriculture, manufacturing and some services.
You make the classic argument that the benefits of a booming
tradable sector such as oil and gas must, ipso facto, outweigh the decline in other sectors — otherwise they wouldn't be generating enough demand to result in an increase in the country's currency.
One policy maker posed this question in regard to productivity in high - productivity
tradable sectors.
Not exact matches
By reducing the price of Chinese imports, it represses the
tradable goods
sector, which may respond by firing workers.
Trade is a substantially larger and rising share of GDP, and the share of goods and services that constitute the «
tradable»
sector is increasing.
It would obviously lower employment in the
tradable goods
sector, but the rising external savings would be reallocated, mostly in services, that employ more people.
While manufacturing has been struggling to recoup job losses, Canada's
tradable services
sectors have been expanding, providing an increased number of well - paying jobs in Canada in the midst of...
I would argue that England in the 1920s suffered from some of the conditions of the US today: as countries built gold «reserves» by accumulating sterling, they undermined the British
tradable goods
sector and forced up unemployment.
These policies ultimately boost exports by indirectly transferring wealth from households to subsidize the
tradable goods
sector.
Services that used to be nontradable (back - office operations, call centers, data management and accounting
sectors) have now been made fully
tradable because of advances in communications and computational technologies.
His favored solution would involve establishing a longterm fishery infrastructure that would be controlled by the private
sector — a model that would revolve around a system of
tradable permits:
Starting in 2012, the agency implemented a statewide cap - and - trade system that imposed a ceiling on greenhouse - gas emissions across key
sectors and then distributed a fixed number of
tradable pollution permits to businesses.