EconPapers    
Economics at your fingertips  
 

Transmission of a resource boom: The case of Australia

Mardi Dungey, Renee Fry-McKibbin () and Vladimir Volkov

CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

Abstract: This paper presents evidence on the macroeconomic adjustment of a resource-rich country to a resource boom using the effects of Chinese industrialisation on Australia from 1988 to 2016. An SVAR model is specified, incorporating a proxy for Chinese resource demand and commodity prices to identify the effects of commodity supply and demand shocks on the Australian macroeconomy. We develop a multivariate historical decomposition to show how resource sector shocks lead the economy to deviate from a long-run projection. The paper identifies four phases of the transmission of the resource boom before its conclusion in 2015.

Keywords: Chinese resource demand; SVAR; multivariate historical decomposition; commodity demand shock; commodity supply shock (search for similar items in EconPapers)
JEL-codes: C51 E32 F43 F62 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2019-09
New Economics Papers: this item is included in nep-mac and nep-opm
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://cama.crawford.anu.edu.au/sites/default/fil ... ckibbin_volkov_0.pdf (application/pdf)

Related works:
Journal Article: Transmission of a Resource Boom: The Case of Australia (2020) Downloads
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:een:camaaa:2019-63

Access Statistics for this paper

More papers in CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University Contact information at EDIRC.
Bibliographic data for series maintained by Cama Admin ().

 
Page updated 2021-11-29
Handle: RePEc:een:camaaa:2019-63