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Title:Then and now: Reflections on two Australian mining booms PDF Logo
Authors:Gregory, Robert G.
Issue Date: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:urn:nbn:de:101:1-201110102168
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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