The contribution of broad sectors to regional income provides another way of presenting
the winners and losers from the resources boom in the domestic economy. In the case of
Urban_SA, more than the entire loss of income (-0.67 percent) is attributed to losses in
TCFs (-0.10 percent) and other manufactures (-0.78 percent). Among the industries
losing from rising import competition is the motor vehicles sector, which is relatively
prominent in the Urban_SA economy. Other manufactures dominates the losing sectors
in most regions, but in the minerals regions, these losses are overwhelmed by gains in
resources. Urban_SA, as shown in table 3, loses from the minerals shocks (as labour is
drawn to minerals regions); from the imported energy shocks (which impact negatively
on all regions); and from the other import price shocks (which harm import-competing
sectors, although lowering prices for households). The only group of shocks benefiting
Urban_SA is farm and food export prices.
Table 5. Contribution of broad sectors to regional income listed in order of negative GRP
effects (% change in output)
|
Agriculture |
Black coal |
Oil & gas |
Metal oreas |
Other mining |
Food products TCFs |
Petrol. & coal |
Basic metals |
Rest of |
Services |
Total | |
|
Urban_SA |
0.03 |
0.00 |
0.00 |
0.00 |
0.12 |
0.08 -0.10 |
0.00 |
0.07 |
-0.78 |
-0.08 |
-0.67 |
|
Other_VIC |
0.21 |
0.00 |
0.02 |
0.10 |
0.06 |
0.27 -0.16 |
0.03 |
0.43 |
-1.47 |
-0.14 |
-0.65 |
|
Other_SA |
0.25 |
0.00 |
0.01 |
0.00 |
0.08 |
0.14 -0.02 |
0.01 |
0.42 |
-1.55 |
0.02 |
-0.62 |
|
Other_NSW |
0.10 |
0.13 |
0.00 |
0.05 |
0.07 |
0.10 -0.10 |
0.01 |
0.26 |
-0.96 |
-0.17 |
-0.50 |
|
Urban_NSW |
0.00 |
0.04 |
0.00 |
0.00 |
0.03 |
0.04 -0.15 |
0.00 |
0.04 |
-0.56 |
0.06 |
-0.47 |
|
Urban_ACT |
0.00 |
0.00 |
0.00 |
0.00 |
0.02 |
0.02 -0.02 |
0.00 |
0.00 |
-0.27 |
-0.19 |
-0.44 |
|
Urban_VIC |
0.01 |
0.00 |
0.27 |
0.01 |
0.03 |
0.08 -0.27 |
0.00 |
0.05 |
-0.51 |
0.08 |
-0.26 |
|
Urban_QLD |
0.00 |
0.07 |
0.05 |
0.05 |
0.14 |
0.09 -0.07 |
0.00 |
0.14 |
-0.88 |
0.17 |
-0.26 |
|
Other_TAS |
-0.05 |
0.00 |
0.00 |
0.30 |
0.04 |
0.02 -0.39 |
0.00 |
0.35 |
-0.24 |
-0.19 |
-0.14 |
|
Urban_TAS |
0.00 |
0.00 |
0.00 |
0.01 |
0.01 |
0.01 -0.06 |
0.00 |
0.13 |
-0.10 |
-0.04 |
-0.04 |
|
Other_QLD |
-0.14 |
0.14 |
0.06 |
0.30 |
0.14 |
0.06 -0.06 |
0.02 |
0.90 |
-1.20 |
-0.24 |
-0.02 |
|
Mineral_NSW |
0.03 |
2.86 |
0.00 |
0.16 |
0.16 |
0.00 -0.10 |
-0.03 |
0.79 |
-2.40 |
-1.28 |
0.23 |
|
Mineral_VIC |
0.46 |
0.00 |
4.32 |
0.05 |
0.32 |
0.60 -0.32 |
0.00 |
0.83 |
-4.55 |
-1.47 |
0.23 |
|
Urban_WA |
-0.04 |
0.01 |
0.33 |
0.64 |
0.39 |
-0.03 -0.08 |
0.00 |
0.11 |
-0.58 |
0.35 |
1.11 |
|
Mineral_SA |
-0.03 |
0.00 |
1.44 |
1.27 |
0.27 |
-0.04 -0.01 |
0.04 |
0.37 |
-1.91 |
-0.20 |
1.18 |
|
Mineral_QLD |
-0.16 |
2.58 |
0.09 |
0.63 |
0.18 |
-0.12 -0.01 |
0.03 |
1.15 |
-1.15 |
-1.39 |
1.80 |
|
Mineral_NT |
-0.05 |
0.00 |
0.65 |
2.32 |
0.16 |
-0.01 -0.01 |
0.00 |
0.07 |
-0.33 |
-0.66 |
2.11 |
|
Mineral_WA |
-0.77 |
0.16 |
0.16 |
3.61 |
0.26 |
-0.15 -0.01 |
0.03 |
1.26 |
-1.15 |
-0.26 |
3.12 |
|
National________ |
-0.02 |
0.27 |
0.16 |
0.31 |
0.11 |
0.06 -0.13 |
0.00 |
0.29 |
-0.89 |
-0.12 |
0.04 |
For the biggest winner, Mineral_WA, the contribution to GRP growth from mining is 3.9
percent (Table 5), reflecting both the magnitude of price shocks and the share of mining
in Mineral_WA’s economy: mining’s value-added is $11.8 billion out of total regional
value-added of $28.5 billion (Table 2). One curious result in the minerals regions is that
the services sector makes a larger negative contribution to GRP than in other regions.
This is because despite services being relatively income-elastic, and therefore in
increased demand as income grows, the prices of labour-intensive services also rise with
wages. Therefore, they will suffer larger cost increases than services in non-booming
regions in which real wages are not rising—so users will source more of their services
from cheaper, neighbouring regions. In the case of Mineral_WA, the negative
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