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The Contribution of the Farm Sector to Annual Variations in Gross Domestic Product in Australia‘

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  • L. P. O'MARA

Abstract

A simple empirical model is developed in which some of the main linkages from the farm sector to the Australia macroeconomy are captured. The model is simulated over the period from the mid‐1950s to the mid‐1980s. The results. though necessarily tentative, suggest that the relative importance of the form sector as a source of short‐term instability in the non‐farm sector of the Australian economy may not have declined over this period despite the relative decline in the ‘importance’ of the farm sector as indicated by more traditional measures.

Suggested Citation

  • L. P. O'Mara, 1987. "The Contribution of the Farm Sector to Annual Variations in Gross Domestic Product in Australia‘," The Economic Record, The Economic Society of Australia, vol. 63(3), pages 255-269, September.
    • Handle: RePEc:bla:ecorec:v:63:y:1987:i:3:p:255-269
    DOI: 10.1111/j.1475-4932.1987.tb00656.x
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    References listed on IDEAS

    as
    1. Powell, R A & Mandeville, T D, 1978. "Analysis of Sector Interactions and Stability in a Rural Region of NSW," The Economic Record, The Economic Society of Australia, vol. 54(146), pages 239-255, August.
    2. J.H. Duloy & A.D. Woodland, 1967. "Drought And The Multiplier," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 11(1), pages 82-86, June.
    3. R. A. Powell & T. D. Mandeville, 1978. "Analysis of Sector Interactions and Stability in a Rural Region of NSW," The Economic Record, The Economic Society of Australia, vol. 54(2), pages 239-255, August.
    4. Corden, W M, 1978. "Keynes and the Others: Wage and Price Rigidities in Macro-economic Models," Oxford Economic Papers, Oxford University Press, vol. 30(2), pages 159-180, July.
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