Regional growth and convergence in Victoria
Australasian Journal of Regional Studies | Australia and New Zealand Regional Science Association International Inc. (ANZRSAI) | Published : 2001
In this paper, the economic growth of the eleven Victorian Statistical Divisions between 1980 and 1998 is investigated. Measures of the cross-sectional and time series dispersion of income in these regions show that per capita taxable income levels across Victoria have varied widely during this period. A model of economic growth, measured by growth in per capita taxable income in these regions, is estimated. Significant factors found to influence growth were the initial level of income, changes in the terms of trade, the reliance on agriculture, the unemployment rate and, to a lesser extent, average rainfall.