IDEAS home Printed from https://ideas.repec.org/a/bla/ecorec/v54y1978i1p45-64.html
   My bibliography  Save this article

Private Sector Wealth: Quarterly Estimates for use in an Aggregate Model

Author

Listed:
  • JOHN HELLIWELL
  • PETER BOXALL

Abstract

The paper presents some estimates of private‐sector wealth in Australia for the 1958‐75 period. Basically, we have attempted to consolidate the balance sheets of all sectors, except the government and the foreign sector. Different procedures have been used for the various components of private‐sector wealth and estimates are presented for real assets of the household sector (dwellings, motor vehicles and consumer durables), for fixed assets and inventories of the business sector, and for government liabilities to the private sector. Broadly, the data indicate that over the 1958‐75 period, private wealth grew faster than population but slower than output and business capital stock. Dwellings and motor vehicles were the fastest growing components of private wealth. Reflecting the rise in the share of foreign claims on businesses in Australia, the Australian claims on business assets increased at a slower rate than the increase in the business‐capital stock.

Suggested Citation

  • John Helliwell & Peter Boxall, 1978. "Private Sector Wealth: Quarterly Estimates for use in an Aggregate Model," The Economic Record, The Economic Society of Australia, vol. 54(1), pages 45-64, April.
    • Handle: RePEc:bla:ecorec:v:54:y:1978:i:1:p:45-64
    DOI: 10.1111/j.1475-4932.1978.tb00315.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4932.1978.tb00315.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4932.1978.tb00315.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. John Helliwell, 1971. "Quarterly Estimates of Private Sector Wealth," RBA Research Discussion Papers rdp18, Reserve Bank of Australia.
    2. J.F. Henderson & P.M. Norman, 1975. "The Equations of the RBA1/74 Model of the Australian Economy," RBA Research Discussion Papers rdp7504, Reserve Bank of Australia.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. John Piggott, 1987. "The Nation's Private Wealth ‐Some New Calculations for Australia," The Economic Record, The Economic Society of Australia, vol. 63(1), pages 61-79, March.
    2. Michael G. Porter, 1980. "Aspects of Monetary Theory and Policy," The Economic Record, The Economic Society of Australia, vol. 56(152), pages 1-16, March.
    3. W. J. Merrilees, 1983. "Pension Benefits and the Decline in Elderly Male Labour Force Participation," The Economic Record, The Economic Society of Australia, vol. 59(3), pages 260-270, September.
    4. John Piggott, 1984. "The Distribution of Wealth in Australia — A Survey," The Economic Record, The Economic Society of Australia, vol. 60(3), pages 252-265, September.
    5. Paul Johnson, 1983. "Life‐Cycle Consumption under Rational Expectations: Some Australian Evidence," The Economic Record, The Economic Society of Australia, vol. 59(4), pages 345-350, December.
    6. Jeffrey Carmichael & Kim Hawtrey, 1981. "Social Security, Government Finance, and Savings," The Economic Record, The Economic Society of Australia, vol. 57(4), pages 332-343, December.
    7. Sam Ouliaris, 1981. "Household Saving and The Rate of Interest," The Economic Record, The Economic Society of Australia, vol. 57(3), pages 205-214, September.
    8. W. H. Evans & H. A. Rozenstein, 1980. "The Market for Commonwealth Government Securities," Australian Journal of Management, Australian School of Business, vol. 5(1-2), pages 109-132, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecorec:v:54:y:1978:i:1:p:45-64. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.