The resources boom and the two-speed economy
The resources boom has prompted much discussion of Australia having become a two-speed economy. There are concerns that the gains from the boom accrue largely to mining-related sectors and the states where these are concentrated, while the rest of the country is being hit by higher interest and exchange rates as a result of the boom. This article shows that there has been a divergence in output and employment growth between the mining states and the rest of the country in recent years.
Volume (Year): (2008)
Issue (Month): 3 (October)
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