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Transmission of a resource boom: the case of Australia

Citation

Dungey, M and Fry-Mckibbin, F and Volkov, V, Transmission of a resource boom: the case of Australia, Oxford Bulletin of Economics and Statistics pp. 1-23. ISSN 1468-0084 (2019) [Refereed Article]

Copyright Statement

2019 The Department of Economics, University of Oxford and JohnWiley & Sons Ltd.

DOI: doi:10.1111/obes.12352

Abstract

This paper presents evidence on the macroeconomic adjustment of a resource‐rich country to a resource boom using the effects of Chinese industrialization on Australia from 1988 to 2016. An SVAR model is specified, incorporating a proxy for Chinese resource demand and commodity prices to identify the effects of commodity supply and demand shocks on the Australian macroeconomy. We develop a multivariate historical decomposition to show how resource sector shocks lead the economy to deviate from a long‐run projection. The paper identifies four phases of the transmission of the resource boom before its conclusion in 2015.

Item Details

Item Type:Refereed Article
Keywords:resource boom, Australia
Research Division:Economics
Research Group:Econometrics
Research Field:Time-Series Analysis
Objective Division:Economic Framework
Objective Group:Macroeconomics
Objective Field:Macroeconomics not elsewhere classified
UTAS Author:Dungey, M (Professor Mardi Dungey)
UTAS Author:Volkov, V (Mr Vladimir Volkov)
ID Code:135770
Year Published:2019
Web of Science® Times Cited:2
Deposited By:Economics and Finance
Deposited On:2019-11-13
Last Modified:2019-12-16
Downloads:0

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