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oai:digital.library.adelaide.edu.au:2440/1250442026-06-12T07:42:58Zcom_2440_14759col_2440_14760

Pomfret, Richard Doko Tchatoka, Firmin Abedin, Farhana School of Economics 2019 http://hdl.handle.net/2440/125044 We applied a Structural VAR model to empirically investigate the adverse effect of positive growth shock in the resource sector on economic activity in a small open economy, like Australia. We observed the key eight variables important for explaining the evidence of Dutch disease over the period of 1984:Q1 to 2016:Q4. The 2000s boom is the first mining boom in Australia after the adoption of the floating exchange rate, inflation targeting, and de-centralised wage system. We analysed how different sectors have adapted from the mining boom shock, and whether the changes in policies have influenced the sectors capacity to adjust to an economic shock. We identified the structural shocks using short-run Cholesky decomposition by making system recursive. The result showed that the foreign demand shock caused to raise the price of the commodity, and shock to the commodity price cause the real exchange rate to appreciate and has a positive impact on resource output. However, the aggregate real GDP, the non-resource tradeable and non-tradeable gross value-added declined in the long-run. Thesis (MPhil) -- University of Adelaide, School of Economics, 2020 en Australia Dutch disease Multi-sector model Small open economy Structural VAR model Dutch Disease in Australia: A Structural VAR Model Thesis This electronic version is made publicly available by the University of Adelaide in accordance with its open access policy for student theses. Copyright in this thesis remains with the author. This thesis may incorporate third party material which has been used by the author pursuant to Fair Dealing exceptions. If you are the owner of any included third party copyright material you wish to be removed from this electronic version, please complete the take down form located at: http://www.adelaide.edu.au/legalsopen.access