Resource production and exports are less employment intensive, but the significant investment in that sector will continue to bear fruit for a long time. Finally, a lower exchange rate will provide support for demand for the output of the wide range of firms operating in the tradable sector.
12  See Downes P, K Hanslow and P Tulip (2014), “The Effect of the Mining Boom on the Australian Economy”, RBA Research Discussion Paper 2014–08. 13  For a discussion of tourism exports, see Dobson C and K Hooper (forthcoming), “Insights from the Australian Tourism Industry”, RBA Bulletin, March.