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Quantifying Australia's 'Three-Speed' Boom

Tyers, Rod; Walker, Aaron

Description

We conjecture that a ‘secondary services boom’ is primarily responsible for the widespread nature of the gains in employment during Australia's recent ‘China boom’. An economy-wide model provides numerical theory for constructing hypotheses, which are tested econometrically. Predictions that include a services expansion and de-industrialisation are tested against pre-boom data and out-of-sample simulations through the boom. The secondary services boom appears clearly in both income and...[Show more]

CollectionsANU Research Publications
Date published: 2016
Type: Journal article
URI: http://hdl.handle.net/1885/102523
Source: The Australian Economic Review
DOI: 10.1111/1467-8462.12130

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