Access the full text.
Sign up today, get DeepDyve free for 14 days.
Marshall Reinsdorf (2010)
Terms of Trade Effects: Theory and MeasurementEconomic Growth eJournal
W. Diewert, Catherine Paul (1985)
Adjusting Output and Productivity Indexes for Changes in the Terms of TradeInternational Trade
U. Kohli (2004)
Real GDP, real domestic income, and terms-of-trade changesJournal of International Economics, 62
J. Wilkie, Tony McDonald (2008)
Economic Geography and Economic Performance in AustraliaEconomic Round-up
Jyoti Rahman (2005)
Comparing Australian and United States productivityEconomic Round-up
V. Chen, Abhay Gupta, André Therrien, Gad Levanon, B. Ark (2010)
Recent Productivity Developments in the World Economy: An Overview from The Conference Board Total Economy DatabaseInternational Productivity Monitor, 19
G. Bhatt (1970)
Multivariate analysis approach to selection of parents for hybridization aiming at yield improvement in self-pollinated cropsCrop & Pasture Science, 21
V. Topp (2008)
Productivity in the Mining Industry: Measurement and Interpretation
W. Salter (1959)
INTERNAL AND EXTERNAL BALANCE: THE ROLE OP PRICE AND EXPENDITURE EFFECTSEconomic Record, 35
W. Corden (1960)
The Geometric Representation of Policies to Attain Internal and External BalanceThe Review of Economic Studies, 28
Yogi Vidyattama, M. Rao, I. Mohanty, R. Tanton (2013)
Modelling the impact of declining Australian terms of trade on the spatial distribution of incomeThe International Journal of Microsimulation, 7
(1984)
Booming sector and dutch disease economic survey and reconcilation
(2002)
Experimental Estimates of Industry Multifactor Productivity, Australia: Detailed Productivity Estimates. Cat. No. 5206.0.55.002. ABS, Canberra
Ellis Connolly, D. Orsmond (2011)
The Mining Industry: From Bust to Boom
R. Gregory, P. Frijters (2006)
From Golden Age to Golden Age: Australia's Great Leap Forward?Wiley-Blackwell: Economic Record
(1983)
Policy Issues in Mineral Sector Growth, A Keynesian Model
Paul Cashin (2003)
Commodity Prices and the Terms of Trade
B. Battersby (2007)
Does distance matter?: The effect of geographic isolation on productivity levelsOecd Economic Studies, 2006
P. Warr (2006)
The Gregory Thesis Visits the TropicsWiley-Blackwell: Economic Record
W. Coleman (2008)
GAUGING ECONOMIC PERFORMANCE UNDER CHANGING TERMS OF TRADE: REAL GROSS DOMESTIC INCOME OR REAL GROSS DOMESTIC PRODUCT?, 27
R. Gregory (1976)
SOME IMPLICATIONS OF THE GROWTH OF THE MINERAL SECTORAustralian Journal of Agricultural and Resource Economics, 20
(2011)
Foreign ownership of Australian mining profits
A. Blundell-Wignall, R. Gregory (1990)
Exchange Rate Policy in Advanced Commodity-Exporting Countries: The Case of Australia and New Zealand
R. Gregory (1993)
Aspects of Australian and US Living Standards: The Disappointing Decades 1970–1990*Economic Record, 69
John Adams (1944)
International TradeNature, 154
R. Feenstra, A. Heston, M. Timmer, Haiyan Deng (2004)
Estimating Real Production and Expenditures across Nations: A Proposal for Improving the Penn World TablesThe Review of Economics and Statistics, 91
Graeme Davis, Jyoti Rahman (2006)
Perspectives on Australia's productivity prospects
(2001)
An Overview of the
F. Gruen (1975)
The 25% Tariff Cut; Was It a Mistake?Australian Quarterly, 47
A. Stoeckel (1979)
SOME GENERAL EQUILIBRIUM EFFECTS OF MINING GROWTH ON THE ECONOMYAustralian Journal of Agricultural and Resource Economics, 23
T. Swan (1960)
ECONOMIC CONTROL IN A DEPENDENT ECONOMYEconomic Record, 36
J. Nicholson (1960)
The Effects of International Trade on the Measurement of Real National IncomeThe Economic Journal, 70
A. Leahy, D. Maclaren, D. Morgan, Kimberlee Weatherall, Elizabeth Webster, Jongsay Yong (2008)
In the Shadow of the Australia-China FTA Negotiations: What Australian Business Thinks About IP, 27
(2008)
Benchmark Definition of Foreign Direct Investment, 4th edn
The challenge of prosperity. Address to the Committee for the Economic Development of Australia (CEDA)
R. Snape (1977)
Effects Of Mineral Development On The EconomyAustralian Journal of Agricultural and Resource Economics, 21
K. Henry (2007)
ACHIEVING AND MAINTAINING FULL EMPLOYMENT
R. Harrod, Roland Wilson. (1932)
Capital imports and the terms of trade : examined in the light of sixty years of Australian borrowingsThe Economic Journal, 42
Nicolás Magud, S. Sosa (2010)
When and Why Worry About Real Exchange Rate Appreciation? The Missing Link Between Dutch Disease and GrowthInternational Finance eJournal
(2001)
Real net national disposable income – a new national accounts measure
D. Gruen (2006)
A Tale of Two Terms-of-trade BoomsEconomic Round-up
(2004)
The terms of trade and the national accounts, Australian National Accounts: National Income, Expenditure and Product, September Quarter 2004, Cat
W. Corden, J. Neary (1982)
Booming Sector and De-Industrialisation in a Small Open EconomyThe Economic Journal, 92
P Forsyth, J Kay (1980)
The economic implications of North Sea Oil RevenuesFiscal Studies, 1
P Forsyth, J Kay (1981)
Oil Revenues and Manufacturing OutputFiscal Studies, 2
Tony McDonald, S. Morling (2011)
The Australian economy and the global downturn, Part 2: The key quartersEconomic Round-up
(2005)
income”, Economic Journal
N. Long (1983)
The Effects of a Booming Export Industry on the Rest of the EconomyEconomic Record, 59
Tony McDonald, S. Morling (2011)
The Australian economy and the global downturn, Part 1: Reasons for resilienceEconomic Round-up
G. Dorrance (1948)
The Income Terms of TradeThe Review of Economic Studies, 16
M. Silver, Khashayar Mahdavy (1989)
The Measurement of a Nation's Terms of Trade Effect and Real National Disposable Income within a National Accounting FrameworkJournal of The Royal Statistical Society Series A-statistics in Society, 152
(2011)
Reasons for resilience: the Australian economy and the global downturn Part 1. Economic Roundup, Issue 2, Commonwealth of Australia
Rodney Maddock, Ian Mclean (1984)
Supply-Side Shocks: The Case of Australian GoldThe Journal of Economic History, 44
R. Gregory, N. Butlin (1989)
Recovery from the depression : Australia and the world economy in the 1930sThe Economic History Review, 43
(2011)
The macroeconomic and structural implications of a once in a lifetime boom in the terms of trade
(2009)
The Growth of Asia and Some Implications for Australia
Effects of terms of trade gains and tariff changes on the measurement of US productivity growth
R. Macdonald (2010)
Real Gross Domestic Income, Relative Prices, and Economic Performance Across the OECDWiley-Blackwell: Review of Income & Wealth
Australia is experiencing its largest mining boom for more than a century and a half. This paper explores, from a national perspective, important economic differences that arise when a mining boom, such as the current one, is generated by sustained export price increases (trading gains) rather than export volume increases. Since 2003, the terms of trade changes – through their direct trading gain effect and indirect real GDP effects – have increased Australian living standards. The increase, measured from official data and relative to the United States, is about 25 per cent; an increase that probably places Australian living standards well above those of the United States. But official data inadequately adjusts for foreign ownership of mining resources suggesting that this estimate is probably a little too high.
The Australian Journal of Agricultural Resource Economics – Wiley
Published: Apr 1, 2012
Keywords: ; ; ; ;
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.