journal article
LitStream Collection
EFFECTS OF MINERAL DEVELOPMENT ON THE ECONOMY*
1977 The Australian Journal of Agricultural Resource Economics
doi: 10.1111/j.1467-8489.1977.tb00202.x
R. G. Gregory's article on the effects of mineral discoveries on the Australian economy (Australian Journal of Agricultural Economics, August 1976) has attracted much attention. While the partial‐equilibrium nature of his model has enabled it to be absorbed readily, it has the usual theoretical limitations of such analyses. Allowing for general equilibrium repercussions, but still accepting his general assumptions, some of Gregory's conclusions regarding the impact of new mineral discoveries require modification or extension: