The Effect of the Mining Boom on the Australian Economy

Peter Downes, Kevin Hanslow and Peter Tulip
Additional contact information
Peter Downes: Outlook Economics
Kevin Hanslow: Centre of Policy Studies, Victoria University

RBA Research Discussion Papers from Reserve Bank of Australia

Abstract: This paper estimates the effects of the mining boom in Australia, using a large-scale structural macroeconometric model, AUS-M. We estimate that the mining boom boosted real per capita household disposable income by 13 per cent by 2013. The boom has contributed to a large appreciation of the Australian dollar that has weighed on other industries exposed to trade, such as manufacturing and agriculture. However, because manufacturing benefits from higher demand for inputs to mining, the deindustrialisation that sometimes accompanies resource booms – the so-called 'Dutch disease' – has not been strong.

Keywords: mining boom; Dutch disease; macroeconomic modelling (search for similar items in EconPapers)
JEL-codes: E17 Q33 (search for similar items in EconPapers)
Date: 2014-08
New Economics Papers: this item is included in nep-mac and nep-opm
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Citations: View citations in EconPapers (42)

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Journal Article: The Effect of the Mining Boom on the Australian Economy (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:rba:rbardp:rdp2014-08

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