The resources boom and the two-speed economy

Phil Garton
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Phil Garton: Treasury, Government of Australia

Economic Roundup, 2008, issue 3, 17-29

Abstract: The resources boom has prompted much discussion of Australia having become a two-speed economy. There are concerns that the gains from the boom accrue largely to mining-related sectors and the states where these are concentrated, while the rest of the country is being hit by higher interest and exchange rates as a result of the boom. This article shows that there has been a divergence in output and employment growth between the mining states and the rest of the country in recent years.

Keywords: economic growth; extractive industries; natural resources; regional economic activity (search for similar items in EconPapers)
JEL-codes: N57 O13 O47 R11 (search for similar items in EconPapers)
Date: 2008
References: View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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