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Segmenting The Contours: Australian Economic Growth 1828–1913
Author(s) -
Greasley David,
Oxley Les
Publication year - 1997
Publication title -
australian economic history review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.493
H-Index - 16
eISSN - 1467-8446
pISSN - 0004-8992
DOI - 10.1111/aehr.371003
Subject(s) - classification of discontinuities , market segmentation , economic geography , great depression , depression (economics) , economics , geography , development economics , macroeconomics , mathematics , archaeology , mathematical analysis , microeconomics
The statistical properties of Australian GDP estimates are used to investigate discontinuities in economic growth between 1828 and 1913. Australian GDP appears to follow a segmented trend stationary process, with discontinuities around 1851 and 1891. The results are used to shed light on the impact of the 1851 gold discoveries and the 1890s depression on Australian economic development.