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Australia, Japan and the OECD: GDP Rankings and Revealed Preference

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  • Steve Dowrick
  • John Quiggin

Abstract

Data on volumes and prices of consumption and investment are used to compare Australian real GDP for 1990 with the other OECD countries. Australian consumption patterns, including leisure, and price structure are very different from most other countries and especially from those of Japan. The Australian bundle of consumption, investment and leisure is revealed preferred to that of Japan and a number of other countries which are conventionally ranked above Australia in comparisons of real GDP per capita at international prices. Copyright 1993 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research.

Suggested Citation

  • Steve Dowrick & John Quiggin, 1993. "Australia, Japan and the OECD: GDP Rankings and Revealed Preference," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 26(1), pages 21-34.
  • Handle: RePEc:bla:ausecr:v:26:y:1993:i:1:p:21-34
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