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Type: Journal article
Title: Observations on the Australian business cycle
Author: Photphisutthiphong, N.
Weder, M.
Citation: Journal of Business Cycle Research, 2016; 12(2):141-164
Publisher: Springer
Issue Date: 2016
ISSN: 2509-7962
Statement of
Nopphawan Photphisutthiphong, Mark Weder
Abstract: What accounts for the Australian business cycle, what caused the economic slumps and what factors contributed to the decades’ buoyancy? To understand these questions, the current paper decomposes the Australian business cycle into its sources for the period 1980–2014. Our main finding is that the efficiency wedge and the investment wedge are the major forces behind Australian output variations. The efficiency wedge is behind the growth slowdown that emerged in the mid 2000s.
Keywords: Australia; economic fluctuations; business cycle accounting
Rights: © Springer International Publishing AG 2016
DOI: 10.1007/s41549-016-0007-0
Grant ID: ARC
Appears in Collections:Aurora harvest 8
Economics publications

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