publication . Other literature type . Preprint . 2012

The Role of Mining in an Australian Business Cycle Model

Veroude, Alexandra; Veroude, Alexandra;
English
  • Published: 05 Feb 2012
  • Publisher: Unknown
Abstract
The purpose of this paper is to evaluate a business cycle model that includes a mining sector, with the cyclical variations of the Australian Economy. Large quantities of mineral deposits are found in Australia and there exists high demand for these minerals from developing nations. This results in the mining sector contributing to a high proportion of GDP. Surprisingly, the inclusion of a mining sector has not previously been studied in a business cycle model. Australia is a small open economy however, due to a lack of prior literature then, as a first attempt, we assume an economy without a foreign sector. The model built upon a neoclassical growth model, and ...
Subjects
free text keywords: Resource /Energy Economics and Policy,, Resource /Energy Economics and Policy
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publication . Other literature type . Preprint . 2012

The Role of Mining in an Australian Business Cycle Model

Veroude, Alexandra; Veroude, Alexandra;