{"title":"澳大利亚经济结构转型动态，1960-2020 *","authors":"Philip Chindamo, Vance L. Martin","doi":"10.1111/1475-4932.12690","DOIUrl":null,"url":null,"abstract":"<p>A dynamic long-run general equilibrium framework based on a structural vector error correction model is used to study the factors determining the structural transformation of the Australian economy from 1960 to 2020. Three sets of shocks are identified: demand shocks through aggregate consumption, supply shocks caused by changes in relative prices across industries, and shocks arising from deviations between observed and long-run industry employment shares. The empirical results highlight the importance of all shocks in causing the structural transformation of the Australian economy across industries and over time. The results are found to be robust to a range of sensitivity experiments.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"98 322","pages":"296-315"},"PeriodicalIF":1.1000,"publicationDate":"2022-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12690","citationCount":"0","resultStr":"{\"title\":\"The Dynamics of Structural Transformation in Australia, 1960–2020*\",\"authors\":\"Philip Chindamo, Vance L. Martin\",\"doi\":\"10.1111/1475-4932.12690\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>A dynamic long-run general equilibrium framework based on a structural vector error correction model is used to study the factors determining the structural transformation of the Australian economy from 1960 to 2020. Three sets of shocks are identified: demand shocks through aggregate consumption, supply shocks caused by changes in relative prices across industries, and shocks arising from deviations between observed and long-run industry employment shares. The empirical results highlight the importance of all shocks in causing the structural transformation of the Australian economy across industries and over time. The results are found to be robust to a range of sensitivity experiments.</p>\",\"PeriodicalId\":47484,\"journal\":{\"name\":\"Economic Record\",\"volume\":\"98 322\",\"pages\":\"296-315\"},\"PeriodicalIF\":1.1000,\"publicationDate\":\"2022-07-25\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12690\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Economic Record\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1111/1475-4932.12690\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic Record","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/1475-4932.12690","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
The Dynamics of Structural Transformation in Australia, 1960–2020*
A dynamic long-run general equilibrium framework based on a structural vector error correction model is used to study the factors determining the structural transformation of the Australian economy from 1960 to 2020. Three sets of shocks are identified: demand shocks through aggregate consumption, supply shocks caused by changes in relative prices across industries, and shocks arising from deviations between observed and long-run industry employment shares. The empirical results highlight the importance of all shocks in causing the structural transformation of the Australian economy across industries and over time. The results are found to be robust to a range of sensitivity experiments.
期刊介绍：
Published on behalf of the Economic Society of Australia, the Economic Record is intended to act as a vehicle for the communication of advances in knowledge and understanding in economics. It publishes papers in the theoretical, applied and policy areas of economics and provides a forum for research on the Australian economy. It also publishes surveys in economics and book reviews to facilitate the dissemination of knowledge.
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