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The Economic Performance of the States and Territories of Australia: 1861–1992
Author(s) -
NERI FRANK
Publication year - 1998
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.1998.tb01909.x
Subject(s) - per capita , economics , per capita income , standard of living , state (computer science) , member states , demographic economics , geography , international trade , demography , population , european union , sociology , mathematics , algorithm , market economy
This paper examines the economic performance of the States and Territories of Australia from 1861 to 1992. Original estimates of real per capita output for each State are constructed and used to determine whether, for selected periods, the material standards of living of the States converged. Whilst the data suggest that this was the case for the selected subperiods up to the mid 1970s, it appears that from this period the per capita income gap between the richest and poorest States probably widened. The most important factor driving this phenomenon is the ability of States to successfully adapt to national and international sectoral changes.