THE STRUCTURE OF THE DESERT ECONOMY: RISKS AND STRATEGIES FOR LONG-TERM SUSTAINABLE GROWTH

摘要: The Australian desert economy is a $90 billion dollar economy. However currently, there reliance on few industry sectors in delivering its output. About 60% of the gross revenue comes from only three - mining, manufacturing and agriculture. This can pose risk light climate change, increasing interconnectedness financial markets fact that resources boom unlikely to be an on-going phenomenon. How economies mitigate risks associated with over-reliance select ensure continued growth long run? paper discusses structure strategies overdependence industries. Using regional input-output model, study shows which are likely provide highest multiplier impacts implications strategic investments for sustained development regions Australia.