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Living standards, terms of trade and foreign ownership: Reflections on the Australian mining boom

Gregory, Robert

Description

Australia is experiencing its largest mining boom for more than a century and a half. This paper explores, from a national perspective, important economic differences that arise when a mining boom, such as the current one, is generated by sustained export price increases (trading gains) rather than export volume increases. Since 2003, the terms of trade changes - through their direct trading gain effect and indirect real GDP effects - have increased Australian living standards. The increase,...[Show more]

CollectionsANU Research Publications
Date published: 2012
Type: Journal article
URI: http://hdl.handle.net/1885/63940
Source: The Australian Journal of Agricultural and Resource Economics
DOI: 10.1111/j.1467-8489.2012.00588.x

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