Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/55069
Authors: 
Gregory, Robert G.
Year of Publication: 
2011
Series/Report no.: 
Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5969
Abstract: 
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 export price increases (trading gains) rather than export volume increases. Terms of trade changes - through their direct trading gain effect and indirect real GDP effect, primarily through increased employment levels - have increased Australian living standards. The increase, relative to the US, is about 25 per cent; an increase which probably places Australian living standards well above those of the US.
Subjects: 
resource booms
terms of trade
real GDP
economic growth
JEL: 
Q33
O11
E01
O47
C43
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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