The Resources Boom and the Two-speed Economy

摘要: The resources boom has prompted much discussion of Australia having become a two-speed economy. There are concerns that the gains from accrue largely to mining-related sectors and states where these concentrated, while rest country is being hit by higher interest exchange rates as result boom. This article shows there been divergence in output employment growth between mining recent years. Less well recognised this not new phenomenon. Although differences have larger than average, generally grown faster for some time, mainly reflecting population growth. Nor does evidence support contention non-mining missed out on benefits Recent real household disposable incomes above average. suggests income more widely distributed it provided stimulus labour demand generally.