Sectoral Trends and Shocks in Australia's Economic Growth
Date
2017
Authors
Anderson, Kym
Journal Title
Journal ISSN
Volume Title
Publisher
Blackwell Publishing Ltd
Abstract
This paper examines the extent to which sectoral trends and fluctuations in the Australian economy can be understood using international trade theory and knowledge of key policy developments. It suggests they are consistent with theory, but it also reveals several
features that make Australia’s economy unusual. The most striking are the facts that (i) the agricultural sector’s share of GDP remained
fairly constant rather than falling during 1860–1960 and even during the latest mining boom; and (ii) the farm sector continued to enjoy a
strong comparative advantage despite periodic spurts of growth in mining exports.
Description
Keywords
agricultural development, manufacturing protection, mining boom, structural transformation, trade cost
Citation
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Source
Australian Economic History Review
Type
Journal article
Book Title
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Restricted until
2099-12-31
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