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The Effects Of Recent Structural, Policy And External Shocks To The Australian Economy, 1996/97-2001/02




The period 1996/97-2001/02 was characterised by rapid economic growth and substantial structural change. This paper analyses this period in detail, relying on results from historical and decomposition simulations with the MONASH model. Changes in the level and composition of economic activity are traced to the effects of a number of government policies, external shocks, and domestic structural changes. The influence of policies such as the GST and tariff reduction proves small, with much of the change in the size and structure of economic activity attributable to technical change. Copyright 2008 The Author.

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  • James Giesecke, 2008. "The Effects Of Recent Structural, Policy And External Shocks To The Australian Economy, 1996/97-2001/02," Australian Economic Papers, Wiley Blackwell, vol. 47(1), pages 15-37, March.
  • Handle: RePEc:bla:ausecp:v:47:y:2008:i:1:p:15-37

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    Cited by:

    1. Jakub BoratyƄski, 2012. "Historical simulations with a dynamic CGE model: results for an emerging economy," EcoMod2012 4438, EcoMod.
    2. Marika Karanassou & Hector Sala, 2010. "Labour Market Dynamics in Australia: What Drives Unemployment?," The Economic Record, The Economic Society of Australia, vol. 86(273), pages 185-209, June.
    3. Yogi Vidyattama & Maheshwar Rao & Itismita Mohanty & Robert Tanton, 2014. "Modelling the impact of declining Australian terms of trade on the spatial distribution of income," International Journal of Microsimulation, International Microsimulation Association, vol. 7(1), pages 100-126.

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