Figure 3 contains two panels, the top panel displays the raw real GDP data available from the Spanish National Accounts, which comes organized into three overlapping windows depending on the base year used to calculate prices.
A new generational contract should meet the challenges of population ageing by focusing on productivity growth -- rather than raw gross domestic product (GDP) growth -- as a sustainable strategy to offset the anticipated economic strain arising from a high aged dependency ratio.
This was supposed to encourage domestic production but the result so far has been soaring food prices, companies laying off workers as they suffer shortages of raw materials, rising inflation and GDP growth slowing to 2.1%.
The very first thing that monetary inflation does is to increase commodity prices, and commodities are the raw materials used in the production of GDP.
When Jokowi's predecessor, Susilo Bambang Yudhoyono, took office in 2004, manufactured goods and raw commodities contributed roughly equal shares to national GDP.
Table 7 Summary of the nonlinear findings on the nexus between military expenditures and growth MGDP ↔ GDP GDP → MGDP MGDP → GDP Raw Data Resid.
Back when all of this measuring of GDP started, in the 1930s, manufacturing, raw materials production and so on were hugely, hugely, more important to the economy than they are now.
This would appear to be the right time to analyse how the forest sector can contribute more to the GDP, considering the existing amount of raw material, as well as the goods and services that forests provide.
As a starting point, Figure 1 illustrates the raw relationship between the changes in the unemployment rate from 2008 to 2009 and GDP growth in 2009, which reveals that there has been great variation in the sensitivity of unemployment to the crisis.
