While mining investment has risen in importance over recent decades, the non-mining investment share of output has fallen. This article explores some of the factors that have contributed to the downward trend in the non-mining investment share over time. The article finds that the future non-mining investment share could be around 1–2 percentage points lower on average than it was in the two decades before the financial crisis. Over the past decade or so, Australia experienced a very large investment cycle as a result of the resources boom. Mining investment rose to a record share of GDP in 2012/13 but it has since ... (full story)