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Transmission of a resource boom: the case of Australia

Dungey, M ORCID: 0000-0003-0074-2314, Fry-Mckibbin, F and Volkov, V ORCID: 0000-0001-9721-9700 2019 , 'Transmission of a resource boom: the case of Australia' , Oxford Bulletin of Economics and Statistics , pp. 1-23 , doi:

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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 Type: Article
Authors/Creators:Dungey, M and Fry-Mckibbin, F and Volkov, V
Keywords: resource boom, Australia
Journal or Publication Title: Oxford Bulletin of Economics and Statistics
Publisher: Wiley-Blackwell Publishing Ltd
ISSN: 1468-0084
DOI / ID Number:
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© 2019 The Department of Economics, University of Oxford and JohnWiley & Sons Ltd.

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