E-Book, Englisch, Band 43, 312 Seiten
McLean Why Australia Prospered
Course Book
ISBN: 978-1-4008-4543-9
Verlag: De Gruyter
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)
The Shifting Sources of Economic Growth
E-Book, Englisch, Band 43, 312 Seiten
Reihe: The Princeton Economic History of the Western World
ISBN: 978-1-4008-4543-9
Verlag: De Gruyter
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)
No detailed description available for "Why Australia Prospered".
Autoren/Hrsg.
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Weitere Infos & Material
List of Figures ix
List of Tables xi
Preface and Acknowledgments xiii
Map xvi
Chapter 1 Introduction: Weaving Analysis and Narrative 1
Chapter 2 What Is to Be Explained, and How 11
- Comparative Levels of GDP Per Capita 11
- Booms, Busts, and Stagnation in Domestic Prosperity 15
- Other Indicators of Economic Prosperity 19
- From Evidence to Analysis 25
- Extensive Growth and Factor Accumulation 27
- Growth Theory and Australian Economic Historiography 29
- Recent Themes in Growth Economics 32
Chapter 3 Origins: An Economy Built from Scratch? 37
- The Pre-1788 Economy of the Aborigines 38
- The Aboriginal Contribution to the Post-1788 Economy 42
- The Convict Economy and Its Peculiar Labor Market 44
- Further Features of the Economy Relevant to Later Prosperity 50
- British Subsidies and Australian Living Standards 53
Chapter 4 Squatting, Colonial Autocracy, and Imperial Policies 57
- Why the Wool Industry Was So Efficient 58
- Evolution of Political Institutions: From Autocracy to Responsible Government 63
- The Labor Market: Ending Transportation, Preventing Coolie Immigration 67
- Thwarting the Squatters: Land Policies to 1847 69
- Other Determinants of Early Colonial Prosperity 73
- The Argentine Road Not Taken 76
Chapter 5 Becoming Very Rich 80
- The Economic Effects of Gold: Avoiding the Resource Curse 84
- Sustaining Economic Prosperity Following the Rushes 90
- Consolidating Democracy and Resolving the Squatter- Selector Conflict 96
- Openness and Growth 100
- Rural Productivity and Its Sources 108
Chapter 6 Depression, Drought, and Federation 113
- Explaining Relative Incomes 113
- Eating the Seed Corn? 116
- Boom, Bubble, and Bust: A Classic Debt Crisis 119
- Why Was Recovery So Slow? Comparison with Other Settler Economies 125
- Tropics, Crops, and Melanesians: Another Road Not Taken 132
- Economic Effects of Federation 135
- Accounting for the Loss of the "Top Spot" in Income Per Capita 139
Chapter 7 A Succession of Negative Shocks 144
- Why Was the Economic Impact of World War I So Severe? 147
- Why No Return to Normalcy? 148
- Pursuing Rural Development--A Field of Dreams? 154
- Growth in Other Settler Economies 157
- Debt Crisis, Then Depression-- Policy Responses and Constraints 160
- Imperial Economic Links-- Declining Net Benefi ts 165
- Could the Post-1960 Mineral Boom Have Occurred Earlier? 170
- The Debate over Stagnant Living Standards 173
Chapter 8 The Pacific War and the Second Golden Age 176
- Why the Pacific War Fostered Domestic Growth 177
- The Golden Age Was Not Uniquely Australian 183
- Export Growth, Factor Inflows, and the Korean War Wool Boom 186
- Macroeconomic Theory and Policies--What Role? 191
- Location Advantage: Asian Industrialization and Changing Trade Partners 193
- High Tide for Australian Industrialization 196
- Underinvestment in Human Capital? 199
- The Debate over Postwar Growth Performance 205
Chapter 9 Shocks, Policy Shift s, and Another Long Boom 210
- Why Did the Postwar Economic Boom End? 212
- The Reemergence of a Booming Mining Sector 215
- Macroeconomic Management in the 1970s 217
- Economic Policy Shift s in the 1980s 219
- Reevaluations 224
- The Quarry Economy: The Return of Resources-Based Prosperity 228
- The Contribution of Economic Reforms to Productivity 235
- Sustaining Prosperity through Boom and Bubble--A Historical Perspective 241
Chapter 10 The Shifting Bases of Prosperity 246
Appendix Note on Statistics and Sources 257
References 259
Index 277
