Growth, convergence and migration : further evidence for Australia

Lowry, Helen. (1996). Growth, convergence and migration : further evidence for Australia Honours Thesis, School of Economics, The University of Queensland.

       
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Author Lowry, Helen.
Thesis Title Growth, convergence and migration : further evidence for Australia
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1996
Thesis type Honours Thesis
Total pages 124
Language eng
Subjects 14 Economics
Formatted abstract Australia's economic growth experience is interesting to examine for a number of reasons, namely: the early orientation towards specialization in manufacturing and services; the extremely rapid rate of urbanization; large-scale migration; the dependence on large foreign capital inflows and heavy investment of these funds into public infrastructure. During the 1950s and 1960s Australia enjoyed the boom period of economic growth. However, since the mid-1970s the growth rate of Gross Domestic Product (GDP) per capita has been declining at a more pronounced rate than in many other countries. 'While numerous empirical studies have examined the international trends of GDP per capita in terms of convergence, there are .only a handful of studies which consider Australia's growth experience on a regional basis (that is, between States).

Australia's recent period of development has also been characterised by unprecedented levels of interstate migration. In fact, between 1986 and 1991, 800 000 people changed their original state of residence. Many of the previous empirical contributions testing the convergence hypothesis have not considered the effect that migration may have on the convergence of growth rates in a country with a highly mobile population such as Australia. The empirical contribution in this study, however, incorporates a measure for migration and finds that Australia appears to contradict the convergence hypothesis that poorer states will grow faster than wealthier states. Furthermore, the results indicate that migration and convergence are dynamic processes which ensure that State's policies do not remain insular.


 
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