The Exports Transmission Mechanism of Foreign Business Cycles to Australia
AbstractThe present paper examines the impact of foreign business cycles on Australian exports. After accounting for the effect of domestic activity on exports it has been found that foreign activity has at times had a large impact on Australian exports and, therefore, also on Australian GDP. Evidence is also found that the US and Japan have a high output elasticity of demand for Australia's exports. Consequently, their business cycles have a larger impact on Australia's exports than that suggested by their market shares of Australian exports. Copyright 2002 by The Economic Society of Australia.
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Bibliographic InfoArticle provided by The Economic Society of Australia in its journal The Economic Record.
Volume (Year): 78 (2002)
Issue (Month): 240 (March)
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Other versions of this item:
- Nicholas de Roos & Bill Russell, 2000. "The Exports Transmission Mechanism of Foreign Business Cycles to Australia," Dundee Discussion Papers in Economics 110, Economic Studies, University of Dundee.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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