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| Rola-Rubzen, Maria Fay; McGregor, Murray J.. |
| The Australian desert economy is a $90 billion dollar economy. However currently, there is a reliance on a few industry sectors in delivering its output. About 60% of the gross revenue of the desert comes from only three sectors - mining, manufacturing and agriculture. This can pose a risk in light of climate change, increasing interconnectedness of financial markets and the fact that the resources boom is unlikely to be an on-going phenomenon. How can desert economies mitigate risks associated with over-reliance on a few select sectors and ensure continued growth in the long run? This paper discusses the structure of the desert economy and strategies to mitigate the risks of overdependence on a few industries. Using a regional input-output model, the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Input-output model; Desert economy; Multiplier effects. |
| Ano: 2009 |
URL: http://purl.umn.edu/48028 |
