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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.

Suggested Citation

  • 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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    References listed on IDEAS

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    Cited by:

    1. Söderholm, Patrik & Svahn, Nanna, 2015. "Mining, regional development and benefit-sharing in developed countries," Resources Policy, Elsevier, vol. 45(C), pages 78-91.
    2. repec:taf:rjapxx:v:21:y:2016:i:4:p:549-570 is not listed on IDEAS
    3. 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.
    4. Verikios, George & Patron, Jodie & Gharibnavaz, Reza, 2017. "Decomposing the Marginal Excess Burden of Australia’s Goods and Services Tax," MPRA Paper 77850, University Library of Munich, Germany.
    5. repec:spr:minecn:v:30:y:2017:i:1:d:10.1007_s13563-017-0103-1 is not listed on IDEAS
    6. Ejdemo, Thomas & Söderholm, Patrik, 2011. "Mining investment and regional development: A scenario-based assessment for Northern Sweden," Resources Policy, Elsevier, vol. 36(1), pages 14-21, March.
    7. George Verikios & Xiao-guang Zhang, 2016. "Structural change and income distribution: the case of Australian telecommunications," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 21(4), pages 549-570, October.
    8. Kenneth W. Clements & Liang Li, 2014. "Valuing Resource Investments," Economics Discussion / Working Papers 14-27, The University of Western Australia, Department of Economics.
    9. João Sousa Andrade & António Portugal Duarte, 2013. "The Dutch Disease in the Portuguese Economy," GEMF Working Papers 2013-05, GEMF, Faculty of Economics, University of Coimbra.
    10. repec:spr:minecn:v:30:y:2017:i:2:d:10.1007_s13563-017-0106-y is not listed on IDEAS
    11. Törmä, Hannu & Kujala, Susanna & Kinnunen, Jouko, 2015. "The employment and population impacts of the boom and bust of Talvivaara mine in the context of severe environmental accidents – A CGE evaluation," Resources Policy, Elsevier, vol. 46(P2), pages 127-138.
    12. Verikios, George & Zhang, Xiao-guang, 2013. "Structural change in the Australian electricity industry during the 1990s and the effect on household income distribution: A macro–micro approach," Economic Modelling, Elsevier, vol. 32(C), pages 564-575.

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