The Impact of Mining and Services Industries on the Structural Change of Australia
Both services and mining industries gained relatively more importance in the structural changes occurring, particularly in recent years, where the rate of structural change has increased. The study aims at defragmenting the mining and services industries, and analyses their impacts on structural change. VAR model, where activity is measured in terms of output, shows social and business services to have more forecasting abilities than other variables. On the hand, VAR model where activity is measured in terms of investment shows the mining industry to have relatively less Mean Absolute Errors forecasts. Results deteriorate as one moves from one step ahead to twelve step ahead forecasts, suggesting longer periods of one step ahead forecasting should be used to avoid cyclical fluctuations in activity variables such as output or investment for industries.
Volume (Year): 4 (2011)
Issue (Month): 2 (August)
|Contact details of provider:|| Web page: http://ijbesar.teiemt.gr/|
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Andreas Dietrich & Jens J. Krüger, 2008.
"Long-Run Sectoral Development - Time Series Evidence for the German Economy,"
Jena Economic Research Papers
2008-013, Friedrich-Schiller-University Jena.
- Dietrich, Andreas & Krüger, Jens J., 2010. "Long-run sectoral development: Time-series evidence for the German economy," Structural Change and Economic Dynamics, Elsevier, vol. 21(2), pages 111-122, May.
- Andreas Dietrich, 2009.
"Does Growth Cause Structural Change, or Is it the Other Way Round? A Dynamic Panel Data Analyses for Seven OECD Countries,"
Jena Economic Research Papers
2009-034, Friedrich-Schiller-University Jena.
- Andreas Dietrich, 2012. "Does growth cause structural change, or is it the other way around? A dynamic panel data analysis for seven OECD countries," Empirical Economics, Springer, vol. 43(3), pages 915-944, December.
- Meckl, Jürgen, 1999.
"Structural change and generalized balanced growth,"
Discussion Papers, Series I
298, University of Konstanz, Department of Economics.
- Juergen Meckl, 2000. "Structural Change and Generalized Balanced Growth," Econometric Society World Congress 2000 Contributed Papers 0233, Econometric Society.
- Silva, Ester G. & Teixeira, Aurora A.C., 2008.
"Surveying structural change: Seminal contributions and a bibliometric account,"
Structural Change and Economic Dynamics,
Elsevier, vol. 19(4), pages 273-300, December.
- Ester Gomes da Silva & Aurora A.C. Teixeira, 2006. "Surveying structural change: seminal contributions and a bibliometric account," FEP Working Papers 232, Universidade do Porto, Faculdade de Economia do Porto.
- Erkan Erdil & I. Hakan Yetkiner, 2004. "A Panel Data Approach for Income-Health Causality," Working Papers FNU-47, Research unit Sustainability and Global Change, Hamburg University, revised Apr 2004.
- Bonatti, Luigi & Felice, Giulia, 2008. "Endogenous growth and changing sectoral composition in advanced economies," Structural Change and Economic Dynamics, Elsevier, vol. 19(2), pages 109-131, June.
When requesting a correction, please mention this item's handle: RePEc:tei:journl:v:4:y:2011:i:2:p:35-51. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kostas Stergidis)
If references are entirely missing, you can add them using this form.