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Protection Strategies For Australia

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  • Edwards, Geoff W.

Abstract

The Industries Assistance Commission and the Green Paper on Rural Policy support different protection strategies. Both strategies allow the achievement of a pattern of protection consistent with Pareto-efficiency. The Green Paper on Manufacturing proposed an approach to tariffs that would perpetuate inefficient resource allocation. The argument of the lAC and the Green Papers on protection policy is examined. A programme of across the board reductions in protection leading to free trade, modified for terms of trade effects, is suggested. It is also argued that initial increases in assistance for low cost industries are not inconsistent with such a programme.

Suggested Citation

  • Edwards, Geoff W., 1977. "Protection Strategies For Australia," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 21(3), pages 1-18, December.
    • Handle: RePEc:ags:ajaeau:22261
    DOI: 10.22004/ag.econ.22261
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    References listed on IDEAS

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    1. R. G. Gregory & L. D. Martin, 1976. "An Analysis of Relationships Between Import Flows to Australia and Recent Exchange Rate and Tariff Changes," The Economic Record, The Economic Society of Australia, vol. 52(1), pages 1-25, March.
    2. R. H. Snape, 1972. "Policy Implications of Capital Inflow," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 5(4), pages 11-14, December.
    3. Lloyd, Peter J., 1975. "Tariff Compensation: An Undesirable Policy," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 19(3), pages 1-8, December.
    4. Gregory, R G & Martin, L D, 1976. "An Analysis of Relationships between Import Flows to Australia and Recent Exchange Rate and Tariff Changes," The Economic Record, The Economic Society of Australia, vol. 52(137), pages 1-25, March.
    5. Peter J. Lloyd, 1975. "Tariff Compensation: An Undesirable Policy," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 19(3), pages 146-153, December.
    6. Stuart Harris, 1975. "Tariff Compensation: Sufficient Justification For Assistance To Australian Agriculture?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 19(3), pages 131-145, December.
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