Agricultural Development in Australia: 1845–2015

Kym Anderson

Chapter 14 in Agricultural Development in the World Periphery, 2018, pp 365-387 from Palgrave Macmillan

Abstract: Abstract Chapter 14 examines the extent to which agricultural sector developments in the Australian economy can be understood using international trade theory, awareness of several major mining booms and knowledge of key policy developments. It suggests those developments are not inconsistent with theory, but it also reveals several features that make Australia’s economy unusual. The most striking are the facts that the agricultural sector’s share of GDP remained fairly constant rather than falling during 1860–1960, even during the latest mining boom, and that the farm sector continued to enjoy a strong comparative advantage despite periodic spurts of growth in mining exports.

Keywords: Australia agricultural development; Comparative advantage; Frontier regions; Mining booms; Primary exports (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-319-66020-2_14

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DOI: 10.1007/978-3-319-66020-2_14

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