Belkar R, L Cockerell and C Kent (2007), “Current Account Deficits: The Australian Debate”, Central Bank of Chile Working Paper No 450. Butlin NG (1964), Investment in Australian Economic Development 1861–1900, Cambridge University Press, London. Butlin NG (1985), “Australian National Accounts: 1788–1983”, Australian National University Source Papers in Economic History, 6.
More generally, greater use of markets improves the allocation of resources, creates incentives for more efficient forms of production, and encourages entrepreneurship and innovation.