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Why Australia Prospered : The Shifting Sources of Economic Growth
This book is the first comprehensive account of how Australia attained the world's highest living standards within a few decades of European settlement, and how the nation has sustained an enviable level of income to the present. Beginning with the Aboriginal economy at the end of the eighteent...
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| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Princeton :
Princeton University Press,
2012.
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| Colección: | Book collections on Project MUSE.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Why Australia Prospered; THE PRINCETON ECONOMIC HISTORY OF THE WESTERN WORLD; Title; Copyright; Contents; List of Figures; Figures; List of Tables; Tables; Preface and Acknowledgments; Map; CHAPTER 1 Introduction: Weaving Analysis and Narrative; CHAPTER 2 What Is to Be Explained, and How; Comparative Levels of GDP Per Capita; Figure 2.1 Comparative GDP per capita, selected years, 1820 to 2008.; Booms, Busts, and Stagnation in Domestic Prosperity; Table 2.1 Economic and population growth rates by period, annual average percentages, 1850 to 2010.
- Figure 2.2 Population increase per decade, 1790 to 2009. Other Indicators of Economic Prosperity; Figure 2.3 Growth rate of GDP per capita by period, 1850 to 2010.; Figure 2.4 Distribution of top incomes, 1921 to 2003.; From Evidence to Analysis; Extensive Growth and Factor Accumulation; Growth Theory and Australian Economic Historiography; Recent Themes in Growth Economics; CHAPTER 3 Origins: An Economy Built from Scratch?; The Pre-1788 Economy of the Aborigines; The Aboriginal Contribution to the Post-1788 Economy; The Convict Economy and Its Peculiar Labor Market.
- Further Features of the Economy Relevant to Later ProsperityBritish Subsidies and Australian Living Standards; CHAPTER 4 Squatting, Colonial Autocracy, and Imperial Policies; Why the Wool Industry Was So Efficient; Figure 4.1 Wool trade, 1822 to 1850.; Evolution of Political Institutions: From Autocracy to Responsible Government; The Labor Market: Ending Transportation, Preventing Coolie Immigration; Thwarting the Squatters: Land Policies to 1847; Other Determinants of Early Colonial Prosperity; The Argentine Road Not Taken; CHAPTER 5 Becoming Very Rich.
- The Economic Effects of Gold: Avoiding the Resource CurseSustaining Economic Prosperity Following the Rushes; Figure 5.1 Mining shares of total employment and GDP, 1849 to 2009.; Consolidating Democracy and Resolving the Squatter-Selector Conflict; Openness and Growth; Figure 5.2 Export and trade ratios, 1825 to 2009.; Figure 5.3 Government debt as a percentage of GDP, 1854 to 1914.; Rural Productivity and Its Sources; CHAPTER 6 Depression, Drought, and Federation; Explaining Relative Incomes; Figure 6.1 GDP per capita, 1889 to 1914.; Eating the Seed Corn?
- Boom, Bubble, and Bust: A Classic Debt CrisisFigure 6.2 Foreign debt-servicing ratio, 1861 to 1983.; Why Was Recovery So Slow? Comparison with Other Settler Economies; Figure 6.3 Victoria: government revenue, expenditure, and defi cit, 1890 to 1914.; Figure 6.4 Growth indicators: Argentina, Australia, and Canada, 1890 to 1913.; Tropics, Crops, and Melanesians: Another Road Not Taken; Economic Effects of Federation; Accounting for the Loss of the "Top Spot" in Income Per Capita; CHAPTER 7 A Succession of Negative Shocks; Figure 7.1 Alternative estimates of GDP per capita, 1914 to 1939.