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Responding to Shocks: Australia's Institutions and Policies

  • Ian W. McLean

    ()

    (School of Economics, University of Adelaide)

The current economic crisis has taught another generation of Australians that their economy remains vulnerable to negative external shocks, as it has been since the depression of the early 1840s. So it is unsurprising that shocks and crises figure prominently in the economic history literature, with most attention given the depressions of the 1890s and 1930s. Less attention has been given to other negative shocks, or to a comparative treatment of shocks. In particular, the implications for long-run prosperity resulting from the policy responses to shocks have not received the scrutiny given their short run consequences.

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File URL: http://www.economics.adelaide.edu.au/research/papers/doc/wp2010-30.pdf
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Paper provided by University of Adelaide, School of Economics in its series School of Economics Working Papers with number 2010-30.

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Length: 29 pages
Date of creation: Dec 2010
Date of revision:
Handle: RePEc:adl:wpaper:2010-30
Contact details of provider: Postal: Adelaide SA 5005
Phone: (618) 8303 5540
Web page: http://www.economics.adelaide.edu.au/

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  1. O'Rourke, K, 1997. "Tariffs and Growth in the Late 19th Century," Papers 97/18, College Dublin, Department of Political Economy-.
  2. Rodríguez, Francisco & Rodrik, Dani, 1999. "Trade Policy and Economic Growth: A Sceptic's Guide to the Cross-National Evidence," CEPR Discussion Papers 2143, C.E.P.R. Discussion Papers.
  3. Ian W. McLean, 2005. "Why Was Australia So Rich?," Development and Comp Systems 0509003, EconWPA.
  4. Lehmann, Sibylle H. & O'Rourke, Kevin Hjortshøj, 2008. "The Structure of Protection and Growth in the Late 19th Century," CEPR Discussion Papers 7053, C.E.P.R. Discussion Papers.
  5. Albouy, David, 2006. "The Colonial Origins of Comparative Development: An Investigation of the Settler Mortality Data," Center for International and Development Economics Research, Working Paper Series qt8kt576x8, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
  6. Sambit Bhattacharyya & Jeffrey G Williamson, 2010. "Commodity Price Shocks and the Australian Economy Since Federation," OxCarre Working Papers 041, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
  7. La Croix, Sumner J., 1992. "Property rights and institutional change during Australia's gold rush," Explorations in Economic History, Elsevier, vol. 29(2), pages 204-227, April.
  8. Joshua L. Rosenbloom & William A. Sundstrom, 2009. "Labor-Market Regimes in U.S. Economic History," NBER Working Papers 15055, National Bureau of Economic Research, Inc.
  9. Michael A. Clemens & Jeffrey G. Williamson, 2004. "Why did the Tariff--Growth Correlation Change after 1950?," Journal of Economic Growth, Springer, vol. 9(1), pages 5-46, 03.
  10. David Merrett & Simon Ville, 2011. "Tariffs, Subsidies, And Profits: A Re‐Assessment Of Structural Change In Australia 1901–39," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 51(1), pages 46-70, 03.
  11. David, Paul A & Wright, Gavin, 1997. "Increasing Returns and the Genesis of American Resource Abundance," Industrial and Corporate Change, Oxford University Press, vol. 6(2), pages 203-45, March.
  12. Christian Gillitzer & Jonathan Kearns, 2005. "Long-term Patterns in Australia’s Terms of Trade," RBA Research Discussion Papers rdp2005-01, Reserve Bank of Australia.
  13. Rod Tyers & William Coleman, 2008. "Beyond Brigden: Australia's Inter-War Manufacturing Tariffs, Real Wages and Economic Size," The Economic Record, The Economic Society of Australia, vol. 84(264), pages 50-67, 03.
  14. McLean, Ian W, 1982. "The Demand for Agricultural Research in Australia, 1870-1914," Australian Economic Papers, Wiley Blackwell, vol. 21(39), pages 294-308, December.
  15. repec:cup:cbooks:9780521125949 is not listed on IDEAS
  16. Stephen Broadberry & Douglas A. Irwin, 2007. "Lost Exceptionalism? Comparative Income and Productivity in Australia and the UK, 1861-1948," The Economic Record, The Economic Society of Australia, vol. 83(262), pages 262-274, 09.
  17. Ian McLean, 2007. "Might Australia Have Failed? Endowments, Institutions and Contingency," School of Economics Working Papers 2007-04, University of Adelaide, School of Economics.
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