Commodity booms and busts: Implications for the Australian economy

2007- 2008年，矿业在澳大利亚国内生产总值（GDP）中所占的份额是至少四十年来最高的，矿业投资在过去四年中翻了一番多，目前占所有私人投资的四分之一。 这一点以及随之而来的就业和经济增长的激增，是全球矿产、能源和农业商品价格大幅飙升的结果。 围绕最近和以往大宗商品繁荣和萧条的原因，仍存在争议。 这一拟议项目的结果将有助于初级商品部门的决策和商业决定，特别是在供应方制约因素的作用和澳大利亚新资源开发项目的批准程序方面。

In 2007-08 the share of mining in Australia's Gross Domestic Product (GDP) was the highest for at least four decades and mining investment had more than doubled over the previous four years, now accounting for one-quarter of all private investment. This, and accompanying surges in employment and economic growth, came courtesy of a spectacular surge in global mineral, energy and agricultural commodity prices. Controversy still surrounds the causes of the most recent and previous commodity booms and busts. The results from this proposed project would aid policy making and business decisions in commodity sectors, particularly with respect to the roles of supply-side constraints and the approval processes for new Australian resource development projects.