The Impact of Mining and Services Industries on the Structural Change of Australia

Ikhlaas Gurrib ()
Additional contact information
Ikhlaas Gurrib: Canadian University of Dubai, Sheikh Zayed Road, Dubai, UAE, PO Box 117781

International Journal of Business and Economic Sciences Applied Research (IJBESAR), 2011, vol. 4, issue 2, 35-51

Abstract: Both services and mining industries gained relatively more importance in the structural changes occurring, particularly in recent years, where the rate of structural change has increased. The study aims at defragmenting the mining and services industries, and analyses their impacts on structural change. VAR model, where activity is measured in terms of output, shows social and business services to have more forecasting abilities than other variables. On the hand, VAR model where activity is measured in terms of investment shows the mining industry to have relatively less Mean Absolute Errors forecasts. Results deteriorate as one moves from one step ahead to twelve step ahead forecasts, suggesting longer periods of one step ahead forecasting should be used to avoid cyclical fluctuations in activity variables such as output or investment for industries.

Keywords: Australia; mining; services; VAR; structural change (search for similar items in EconPapers)
JEL-codes: L16 N15 O11 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ijbesar.af.duth.gr/docs/volume4_issue2/mining_australia.pdf (application/pdf)
https://ijbesar.af.duth.gr/volume4_issue2.php (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tei:journl:v:4:y:2011:i:2:p:35-51

Access Statistics for this article

International Journal of Business and Economic Sciences Applied Research (IJBESAR) is currently edited by Christos Grose and Persefoni Polychronidou

More articles in International Journal of Business and Economic Sciences Applied Research (IJBESAR) from Democritus University of Thrace (DUTH), Kavala Campus, Greece Contact information at EDIRC.
Bibliographic data for series maintained by Kostas Stergidis ().