The Contribution of the Farm Sector to Annual Variations in Gross Domestic Product in Australia‘

L. P. O'Mara

The Economic Record, 1987, vol. 63, issue 3, 255-269

Abstract: A simple empirical model is developed in which some of the main linkages from the farm sector to the Australia macroeconomy are captured. The model is simulated over the period from the mid‐1950s to the mid‐1980s. The results. though necessarily tentative, suggest that the relative importance of the form sector as a source of short‐term instability in the non‐farm sector of the Australian economy may not have declined over this period despite the relative decline in the ‘importance’ of the farm sector as indicated by more traditional measures.

Date: 1987
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https://doi.org/10.1111/j.1475-4932.1987.tb00656.x

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