Examining the Economic Interactions Between Australia's Regions: Results From a Global VAR

Moallemi, M and Melser, D 2019, 'Examining the Economic Interactions Between Australia's Regions: Results From a Global VAR', Economic Record, pp. 1-21.


Document type: Journal Article
Collection: Journal Articles

Title Examining the Economic Interactions Between Australia's Regions: Results From a Global VAR
Author(s) Moallemi, M
Melser, D
Year 2019
Journal name Economic Record
Start page 1
End page 21
Total pages 21
Publisher Wiley-Blackwell Publishing Asia
Abstract Australia's economy, like most national economies, is made up of several regional sub-economies. How these regional economies interact is not well understood but is relevant to macroeconomic policy setting. We outline and estimate a flexible Global Vector Autoregression model using quarterly data on house prices, output, unemployment and population for the eight Australian states and territories from 1986 to 2016. Using region-to-region impulse response functions from this model we quantify the influence of shocks in one region on another. Our results highlight the high degree of influence of New South Wales on other regions over and above its size.
Subject Macroeconomic Theory
Econometric and Statistical Methods
Economic Development Policy
DOI - identifier 10.1111/1475-4932.12458
Copyright notice © 2019 Economic Society of Australia
ISSN 0013-0249
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