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GDP

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Fiji’s reduced VAT ‘a failed gamble’ – a vision now needed, says Naidu

April 27, 2023

By Meri Radinibaravi in Suva The gamble that the previous FijiFirst government took in 2016 — in reducing the value added tax (VAT) rate from 15 percent to 9 percent — was basically done to please the people, says Fiscal Review Committee chair Richard Naidu. He said this gamble failed miserably because government expenditure continued ... <a title="Fiji’s reduced VAT ‘a failed gamble’ – a vision now needed, says Naidu" class="read-more" href="https://eveningreport.nz/2023/04/27/fijis-reduced-vat-a-failed-gamble-a-vision-now-needed-says-naidu/" aria-label="Read more about Fiji’s reduced VAT ‘a failed gamble’ – a vision now needed, says Naidu">Read more</a>

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Keith Rankin Chart Analysis – Pandemic as a Catalyst for a New Economic Normal

June 30, 2020

These charts tell a simple story about how the coronavirus pandemic could be a catalyst for the transition to a more sustainable economic future. Looking at Chart 1, the gross domestic product (GDP) of the economy is shown as the combination of yellow and orange. (We note that these charts represent another aspect of pie ... <a title="Keith Rankin Chart Analysis – Pandemic as a Catalyst for a New Economic Normal" class="read-more" href="https://eveningreport.nz/2020/06/30/keith-rankin-chart-analysis-pandemic-as-a-catalyst-for-a-new-economic-normal/" aria-label="Read more about Keith Rankin Chart Analysis – Pandemic as a Catalyst for a New Economic Normal">Read more</a>

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Keith Rankin’s Chart for the Month – Productivity Contradictions

March 27, 2019

Analysis by Keith Rankin As the public (and many economists) see it, economic growth (growth of Real GDP; marketed economic output) is the principal economic goal of a nation state. Some economists hold a (slightly) more nuanced view – for them it is productivity growth that matters – but when pressed they cannot conceive of ... <a title="Keith Rankin’s Chart for the Month – Productivity Contradictions" class="read-more" href="https://eveningreport.nz/2019/03/27/keith-rankins-chart-for-the-month-productivity-contradictions/" aria-label="Read more about Keith Rankin’s Chart for the Month – Productivity Contradictions">Read more</a>