Research Discussion Paper – RDP 2013-03 Implications for the Australian Economy of Strong Growth in Asia

Contents

• Introduction
• Adjustment to a Commodity Price Boom: A Theoretical Perspective
• The Resource Boom and Structural Change
• Conclusion
• Appendix A: Data
• References

An earlier version of this paper was prepared for the ‘Structural Change and the Rise of Asia’ Conference, jointly hosted by the International Monetary Fund, the Australian Treasury and the Reserve Bank of Australia, at the Hyatt, Canberra, on 19 September 2012. We would like to thank our colleagues at the Reserve Bank of Australia for their helpful comments. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia. The authors are solely responsible for any errors.

The Discussion Paper series is intended to make the results of the current economic research within the Reserve Bank available to other economists. Its aim is to present preliminary results of research so as to encourage discussion and comment. Views expressed in this paper are those of the authors and not necessarily those of the Reserve Bank. Use of any results from this paper should clearly attribute the work to the authors and not to the Reserve Bank of Australia.

The contents of this publication shall not be reproduced, sold or distributed without the prior consent of the Reserve Bank of Australia.

An earlier version of this paper was prepared for the ‘Structural Change and the Rise of Asia’ Conference, jointly hosted by the International Monetary Fund, the Australian Treasury and the Reserve Bank of Australia, at the Hyatt, Canberra, on 19 September 2012. We would like to thank our colleagues at the Reserve Bank of Australia for their helpful comments.