Then and now: Reflections on two Australian mining booms

Arbeitspapier

Australia is experiencing its largest mining boom for more than a century and a half. This paper explores, from a national perspective, important economic differences that arise when a mining boom, such as the current one, is generated by export price increases (trading gains) rather than export volume increases. Terms of trade changes - through their direct trading gain effect and indirect real GDP effect, primarily through increased employment levels - have increased Australian living standards. The increase, relative to the US, is about 25 per cent; an increase which probably places Australian living standards well above those of the US.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 5969

Classification and Topics

• Classification: Wirtschaft ; Resource Booms ; Macroeconomic Analyses of Economic Development ; Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence ; Index Numbers and Aggregation; Leading indicators
• Subject: resource booms ; terms of trade ; real GDP ; economic growth ; Bergbau ; Branchenkonjunktur ; Terms of Trade ; Lebensstandard ; Wirtschaftswachstum ; Australien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gregory, Robert G.
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/55069
• URN: urn:nbn:de:101:1-201110102168
• Last update: 10.03.2025, 11:45 AM CET