Fluctuations in the rate of growth : Australia, 1948-49 to 1963-64
Abstract
In the first part of this thesis a non-random sample of thirty-six monthly indicators of the
Australian economy (1948 to 1964) is examined with the
object of forming a preliminary view of the timing and magnitude of post-war economic
fluctuations. Evidence of the indicators is checked against that of the official National Income
accounts. Quasi-periodic 'episodes are seen to have occurred in 1950-1953 ('first') and in
1959-1963 ('fourth'). The period from
about 1954 to 1958 can be regarded as the result of two
successive episodes ('second' and 'third'), the opening phases of the third being
superimposed on the later stages of the second.