Using unpublished data at a disaggregated level, this paper provides a detailed picture of the direction of investment over the 1985/86 to 1988/89 investment boom. Most of the growth in non-farm capital expenditure has been concentrated in a few industries, in particular, office construction. We...

The papers in this volume were commissioned with the aim of exploring the significant structural changes in the financial system over the past decade or so and the implications for policy-makers charged with the responsibility of maintaining financial system stability

Australia's external trade is relatively low compared with the size of its economy. Indeed, Australia's openness ratio (exports plus imports as a proportion of GDP) in 2002 was the third-lowest among the 30 OECD countries. This paper seeks to understand Australia's low openness by analysing the...