Agricultural development in Australia in the face of occasional mining booms: 1845 to 2015

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Crawford School of Public Policy | Arndt-Corden Department of Economics

Event details

ACDE Seminar

Date & time

Tuesday 07 March 2017
2.15pm–3.45pm

Venue

Coombs Seminar Room B, Coombs Building 9, Fellows Road, ANU

Speaker

Professor Kym Anderson, University of Adelaide and ANU.

This paper examines the extent to which agricultural sector developments in the Australian economy can be understood using international trade theory, several major mining booms and knowledge of key policy developments. It suggests those developments are not inconsistent with theory, but it also reveals several features that make Australia’s economy unusual. The most striking are the facts that the agricultural sector’s share of GDP remained fairly constant rather than falling during 1860-1960 and even during the latest mining boom, and that the farm sector continued to enjoy a strong comparative advantage despite periodic dramatic spurts of growth in mining investment, output and exports.

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