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Commodity booms and their impacts on the Western Australian economy: The iron ore case

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  • Ye, Qiang

Abstract

Western Australia is a resource-rich province. Since the 1890s, resources booms have played a key role in the development of the state's economy. In the last few years, Western Australia's resources industry has continued to enjoy exceptional conditions created by strong international demand for commodities. This paper aims to examine the likely impact of this commodity boom in the iron ore sector on the Western Australian economy, using a general equilibrium approach. The modeling results indicate that the Western Australian economy will benefit from the expansion in iron ore exports and investment in terms of rising consumption and employment, although at the industry level there will be losers as well as winners.

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  • Ye, Qiang, 2008. "Commodity booms and their impacts on the Western Australian economy: The iron ore case," Resources Policy, Elsevier, vol. 33(2), pages 83-101, June.
    • Handle: RePEc:eee:jrpoli:v:33:y:2008:i:2:p:83-101
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    10. Mark Andrich & Jorg Imberger & Ronald Oxburgh, 2009. "Raising Utility and Lowering Risk through Adaptive Sustainability: Society and the Risk of Wealth Inequity in Western Australia," LIS Working papers 524, LIS Cross-National Data Center in Luxembourg.
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