From agriculture to mining: The changing economic base of a rural economy and implications for development

McFarlane, JA; Blackwell, BD; Mounter, SW; Grant, BJ

From agriculture to mining: The changing economic base of a rural economy and implications for development

McFarlane, JA Blackwell, BD Mounter, SW Grant, BJ

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Publication Type:: Journal Article
Citation:: Economic Analysis and Policy, 2016, 49 pp. 56 - 65
Issue Date:: 2016-03-01

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Field	Value	Language
dc.contributor.author	McFarlane, JA	en_US
dc.contributor.author	Blackwell, BD	en_US
dc.contributor.author	Mounter, SW	en_US
dc.contributor.author	Grant, BJ https://orcid.org/0000-0002-8055-6046	en_US
dc.date.available	2020-05-25T19:02:51Z
dc.date.issued	2016-03-01	en_US
dc.identifier.citation	Economic Analysis and Policy, 2016, 49 pp. 56 - 65	en_US
dc.identifier.issn	0313-5926	en_US
dc.identifier.uri	http://hdl.handle.net/10453/38170
dc.description.abstract	© 2015 Economic Society of Australia, Queensland. This paper uses economic-base theory and input-output modelling to examine the structure of a regional rural economy in New South Wales, Australia, drawing important policy implications for economic planners. The most salient trend has been a shift in the area's dependence from agriculture to mining over the recent decade. However, the level of diversity of the region's industrial composition has altered very little. Mining is also contributing to significant net leakage of employment income from the region. Mining should therefore not necessarily be considered as the key future opportunity for economic development. Instead, a number of industry sectors, particularly those that foster innovation and technology, can be harnessed to drive future regional growth. In addition, a tourism marketing strategy promoting the region's food, wine and other distinctive attributes should play an integral role in future development planning. These prescriptions are highly transferable to similar rural economies experiencing a shift to mining.	en_US
dc.relation.ispartof	Economic Analysis and Policy	en_US
dc.relation.isbasedon	10.1016/j.eap.2015.11.012	en_US
dc.title	From agriculture to mining: The changing economic base of a rural economy and implications for development	en_US
dc.type	Journal Article
utslib.citation.volume	49	en_US
utslib.for	1605 Policy and Administration	en_US
utslib.for	14 Economics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/DVC (Research)
pubs.organisational-group	/University of Technology Sydney/DVC (Research)/lnstitute for Public Policy and Governance
pubs.organisational-group	/University of Technology Sydney/Strength - IPPG - Institute for Public Policy and Governance
utslib.copyright.status	open_access
pubs.publication-status	Published	en_US
pubs.volume	49	en_US

Abstract:

© 2015 Economic Society of Australia, Queensland. This paper uses economic-base theory and input-output modelling to examine the structure of a regional rural economy in New South Wales, Australia, drawing important policy implications for economic planners. The most salient trend has been a shift in the area's dependence from agriculture to mining over the recent decade. However, the level of diversity of the region's industrial composition has altered very little. Mining is also contributing to significant net leakage of employment income from the region. Mining should therefore not necessarily be considered as the key future opportunity for economic development. Instead, a number of industry sectors, particularly those that foster innovation and technology, can be harnessed to drive future regional growth. In addition, a tourism marketing strategy promoting the region's food, wine and other distinctive attributes should play an integral role in future development planning. These prescriptions are highly transferable to similar rural economies experiencing a shift to mining.

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http://hdl.handle.net/10453/38170