This paper examines Australia’s terms of trade boom since 2003 with a particular interest in quantifying the links between the terms of trade and sectoral performance. The objective is to address the conjecture that a ‘secondary services boom’ is primarily responsible for the widespread...

This paper examines Australia’s terms of trade boom since 2003 with a particular interest in quantifying the links between the terms of trade and sectoral performance and identifying an associated ‘secondary services boom’. Comparative static general equilibrium modelling and empirical...

We conjecture that a 'secondary services boom' is primarily responsible for the widespread nature of the gains in employment during Australia's recent 'China boom'. An economy‐wide model provides numerical theory for constructing hypotheses, which are tested econometrically. Predictions that...

This paper examines Australia's terms of trade boom since 2003 with a particular interest in quantifying the links between the terms of trade and sectoral performance and identifying an associated 'secondary services boom'. Comparative static general equilibrium modelling and empirical analysis...