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The Resources Economy and the Terms of Trade Boom

Author

Listed:
  • Sean Langcake

    (Reserve Bank of Australia)

  • Emily Poole

    (Reserve Bank of Australia)

Abstract

The transition from the investment to the production phase of the resources boom is nearly complete. The adjustment has affected industries beyond the resources sector, which has amplified the impact of the resource investment boom on the Australian economy. The value added and employment shares of this broader ‘resources economy’ have retreated from their 2011/12 peaks, but remain above their pre-boom averages.

Suggested Citation

  • Sean Langcake & Emily Poole, 2017. "The Resources Economy and the Terms of Trade Boom," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 27-34, September.
    • Handle: RePEc:rba:rbabul:sep2017-04
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2017/sep/pdf/bu-0917-4-the-resources-economy-and-the-terms-of-trade-boom.pdf
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    References listed on IDEAS

    as
    1. Vanessa Rayner & James Bishop, 2013. "Industry Dimensions of the Resource Boom: An Input-Output Analysis," RBA Research Discussion Papers rdp2013-02, Reserve Bank of Australia.
    2. James Bishop & Christopher Kent & Michael Plumb & Vanessa Rayner, 2013. "The Resources Boom and the Australian Economy: A Sectoral Analysis," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 39-50, March.
    3. Kathryn Davis & Martin McCarthy & Jonathan Bridges, 2016. "The Labour Market during and after the Terms of Trade Boom," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 1-10, March.
    4. Peter Tulip, 2014. "The Effect of the Mining Boom on the Australian Economy," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 17-22, December.
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