Finance sector and payment system changes in the Queensland regional economies : an employment impact study, 1985/86 to 1989/90

McPhee, Paul John. (1999). Finance sector and payment system changes in the Queensland regional economies : an employment impact study, 1985/86 to 1989/90 Master's Thesis, School of Economics, The University of Queensland.

       
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Author McPhee, Paul John.
Thesis Title Finance sector and payment system changes in the Queensland regional economies : an employment impact study, 1985/86 to 1989/90
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1999
Thesis type Master's Thesis
Total pages 559
Language eng
Subjects 14 Economics
Formatted abstract
In the early 1980s Australia embarked on a process of great change within its finance sector and payment systems. These changes were both domestic and international. The domestic aspect saw the introduction of many new products and services, the introduction of ATM, EFTPOS and other electronic and computer technologies and the issuance of new banking licences. Foreign players entered the domestic market and a series of cost cutting n1ergers and rationalisations commenced. The increased usage of electronic fund transference appeared to be associated with financial intermediary branch closures and the centralisation of processing activities to the more urbanised areas. Employment losses appeared to be associated with these changes.

The international aspect saw the floating of the exchange rate and the entry of many new foreign banks into the market. Some of these banks were successful in their takeovers of smaller financial intermediaries, while others could not compete against the larger interntediaries, all holding a well established national deposit base. The new entrants also located their administration centres in urban areas. Hence these urban regions entered a total global capital market where the electronic transference of funds was more accessible. Employment changes were also expected from these influences.

Using a comparative static Leontif input-output framework, the changes in employment multiplier effects for both the non-finance sectors and dissagregated finance sector subcomponents from 1985/86 to 1989/90 are examined. The study identifies some increases in absolute employment levels. Many of these, however, show decreases in employment multiplier effects across a wide range of sectors, finance sector sub-components and regions. Further analysis show these employment multiplier decreases corresponding to increased value added multiplier effects with technology influences being dominant, thereby indicating increased usage of labour replacing technologies. No particular regional or sectoral distribution patterns were evident.

Keyword Banks and banking -- Australia -- Automation.
Banks and banking -- Technological innovations -- Australia.
Labor market -- Queensland.
Queensland -- Economic conditions.

Document type: Thesis
Collection: UQ Theses (non-RHD) - UQ staff and students only
 
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Created: Thu, 14 Oct 2010, 12:02:23 EST by Ning Jing on behalf of The University of Queensland Library