The Resources Boom and the Australian Economy: A Sectoral Analysis

James Bishop, Christopher Kent, Michael Plumb and Vanessa Rayner
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Christopher Kent: Reserve Bank of Australia
Michael Plumb: Reserve Bank of Australia
Vanessa Rayner: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2013, 39-50

Abstract: The increase in Australia's terms of trade since the mid 2000s gave rise to a surge in resource investment, an appreciation of the exchange rate, and a reallocation of labour and capital in the economy. This article examines the impact of the resources boom on the Australian economy in terms of three broadly defined sectors: the resources sector, the ‘other tradable’ sector and the non-tradable sector. While not all parts of the economy have benefited, the process of adjustment has proceeded much more smoothly than has been the case in previous terms of trade booms.

Keywords: Australia; resource boom; mining; industry analysis; Input-Output tables (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (16)

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