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Public Sector Growth and the Current Account in Australia: A Longer Run Perspective

Author

Listed:
  • Warwick J. McKibbin

    (Reserve Bank of Australia)

  • Steven R. Morling

    (Reserve Bank of Australia)

Abstract

This paper examines the macroeconomic experience of Australia from 1961/62 to 1988/89 focusing on the links between the fiscal deficit, private savings, private investment, the balance of payments and relative prices. Alternative theoretical hypotheses are considered in an attempt to explain the evolution of the Australian economy over this period.

Suggested Citation

  • Warwick J. McKibbin & Steven R. Morling, 1990. "Public Sector Growth and the Current Account in Australia: A Longer Run Perspective," RBA Research Discussion Papers rdp9002, Reserve Bank of Australia.
    • Handle: RePEc:rba:rbardp:rdp9002
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    File URL: https://www.rba.gov.au/publications/rdp/1990/9002.html
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