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Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.13/26239

Title
The two-speed Australian economy: the decline of Sydney's labour market
Author/Creator
Mitchell, William;  Bill, Anthea
Description
Australia is experiencing a two-speed economy in which New South Wales and Sydney are doing poorly in comparison to the mining regions of Western Australia, Queensland and the Northern Territory. Several factors contributing to the two-speed phenomenon: the terms of trade for base metal commodities; the decline in manufacturing; the property boom and associated household debt; record fuel prices, rising inflation and rising interest rates; and fiscal drag. These factors may lead to an economic slowdown in areas such as Sydney that will bankrupt many households.
Relation
People and Place Vol. 14, Issue 4, p. 14-24
Relation
http://elecpress.monash.edu.au/pnp/view/abstract/?article=0000010339
Date
2006
Publisher
Centre for Population and Urban Research (Monash University)
Keyword(s)
Australian economy;  Sydney;  labour market;  regional differences;  economic boom
Resource Type
journal article
Identifier
http://hdl.handle.net/1959.13/26239
Identifier
ISSN:1039-4788
Language
eng
Reviewed
Reviewed
Full Text
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Subject
"People and Place"
 
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