Assignment First

澳洲作业代写:对非住宅投资的影响好坏参半

或者,由于工作总小时数的下降,劳动生产率将略有提高。一些公司为了达到同样的目的,往往会使其生产能力现代化,这将对非居民的投资造成上行压力。因此,可以说,企业对总投资的全面影响是难以计算的,因此将取决于企业使其过程现代化的能力。

更高的工资增长

根据历史记载,工人的收入与他们的生产力之间存在着高度的相关性。因此,可以说,在接下来的几年里,由于劳动生产率的轻微提高,工资会有轻微的上涨。对于特定经济体的劳动者来说,这可以被视为好消息。但是,它还必须考虑,由于生产率的增长预期非常低,因此提高工资增长可能不够充分,完全抵消的总收益放缓增长放缓的经济,因为在工作时间。

财政收入增长放缓

各级财政预算收入增长与名义GDP增长之间存在着非常密切的关系。因此,由于工作时间的减少,个人所得税将会降低(Francis, 2008)。从上面的讨论中可以看出,企业利润的增长可能也会下降,这将进一步导致企业所得税的下降。由于非住宅投资和消费支出增长疲软,来自各种销售税、商品和服务税等间接税的收入将受到抑制。

公共债务增加,公共支出增长下降

由于预算收入增长放缓,政府将不得不做出一些艰难的选择。与此同时,政府也可能决定降低公共支出。在未来几年,预算支出将面临巨大压力,因为随着人口老龄化加剧,医疗支出将受到影响。在这种情况下,削减其他支出的预算可能会非常高。在这种情况下,有些费用必须由政府优先考虑,其他各种费用也会受到质疑。

较低利率

由于增长潜力减弱,将对利率产生影响,并将导致利率下降。中性基准利率是指在周期性力量被破坏后,经济以稳定的通货膨胀率充分发挥作用的无风险实际利率。因此,结合实际国内生产总值增长潜力和年通货膨胀率,可以很容易地估计名义中性利率。考虑到物价的稳定增长,较低的中性利率意味着较弱的经济增长。

澳洲作业代写:对非住宅投资的影响好坏参半

Alternatively, there would be a slight acceleration in the productivity of labour due to the drop in total hours worked. Some companies in order to achieve the same would tend to modernize their capacity of production, this as a result would render an upside pressure on the investments by non-residents. Thus, it can be said that the overall impact on the total investment by corporate is hard to calculate and would therefore be dependent on the capacity of the firm to modernize their process.
Higher growth in wages
On the basis of the historical records, there is a high correlation amongst the earnings of the worker and their productivity. Hence, it could be said that there would be a slight rise in the wages due to the slight acceleration in productivity of labour in the years to follow. This can be regarded as good news for the workers of the given economy. But, it must also be taken into consideration that since the rise in the productivity forecast is very low, thus the rise in the wage growth might not be sufficient enough so as to completely offset the total slowdown in the earnings of an economy because of the lower growth in the hours worked.
Lower rise in budgetary revenue
There is a very close relationship amongst the growth of nominal GDP and the budgetary revenue growth of the government at all the levels. As a result, there would be a lower rise in the personal income tax because of the lower rise in hours worked (Francis, 2008). It has been seen in the above discussion that the growth of corporate profit might also be lower which would further lead to falling corporate tax gains. From indirect taxes like various sales tax and goods and service tax there would be a curb in the government revenue due to weaker growth in non-residential investment and consumer spending.
Increase in Public debt and fall in the growth of public spending
Some tough choices would have to be made by the government due to a lower growth in the budgetary revenue. At the same time, the government might also decide to lower down the public expenditure. Over the coming years, the budget spending would be under significant pressure as there would be an impact on the health care spending as the population ages further. Budget cuts in other kinds of spending under these conditions could be very high. Some expenses have to be prioritized by the government in this case and various other expenses would be called into question.
Lower rate of interest
There would be repercussions for the rate of interest with the advent of the weaker potential of growth and would result in a lower rate of interest. Neutral key rate is defined as the risk-free real rate of interest which allows the economy to function in full capacity with stable rate of inflation after the cyclical forces have been debauched. Thus, by combining the real GDP growth potential and the annual inflation rate, the nominal neutral rate of interest could be estimated easily. Taking into consideration the stable growth of price, a lower neutral rate of interest is implied by a weaker economic growth.