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Antipodean agricultural and resource economics at 60: booming sector economics

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Listed:
  • Julian M. Alston
  • Kym Anderson
  • Philip G. Pardey
  • John Freebairn

Abstract

Contributions of Australian economists to understand the effects of a boom export industry are reviewed. Effects are considered on: the real exchange rate; output, prices and factor incomes of the boom industry, other trade-exposed industries and nontraded industries; and national income and its distribution. Theoretical models and empirical models are reviewed. Different effects are considered for supply-sideversus demand-side-driven booms, and then for the price increase, investment increase and production increase phases of the boom. Evaluations of industry and macroeconomic policy options are canvassed.
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Suggested Citation

  • Julian M. Alston & Kym Anderson & Philip G. Pardey & John Freebairn, 2016. "Antipodean agricultural and resource economics at 60: booming sector economics," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 60(4), pages 633-646, October.
    • Handle: RePEc:bla:ajarec:v:60:y:2016:i:4:p:633-646
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    File URL: http://hdl.handle.net/10.1111/1467-8489.12158
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    Cited by:

    1. Kym Anderson, 2018. "Mining’s impact on the competitiveness of other sectors in a resource-rich economy: Australia since the 1840s," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 31(1), pages 141-151, May.
    2. Cameira, Maria do Rosário & Rodrigo, Isabel & Garção, Andreia & Neves, Manuela & Ferreira, Antónia & Paredes, Paula, 2024. "Linking participatory approach and rapid appraisal methods to select potential innovations in collective irrigation systems," Agricultural Water Management, Elsevier, vol. 299(C).
    3. Kolawole Ogundari & Bolarinwa Olufemi Daniel, 2018. "Working Paper 294 - Agricultural Innovations, Production, and Household Welfare in Africa," Working Paper Series 2421, African Development Bank.
    4. Kinnucan, Henry W., 2016. "Timber price dynamics after a natural disaster: Hurricane Hugo revisited," Journal of Forest Economics, Elsevier, vol. 25(C), pages 115-129.
    5. Kym Anderson, 2017. "Sectoral Trends and Shocks in Australia's Economic Growth," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 57(1), pages 2-21, March.

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