From Agriculture to Mining: The Impact of Structural Changes in Australian Commodity Exports on the Australian Terms of Trade
AbstractAustralia has long been considered a commodity based economy, with the relationship between the terms of trade and the real exchange rate well documented. Less well documented are the determinants of the Australian terms of trade and how these have moved in response to structural change and growing internationalisation of the Australian economy. This paper examines the Australian terms of trade since 1983 and links movements with the increasing internationalisation of the Australian economy and structural changes within the export and import sectors.
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Bibliographic InfoPaper provided by Australian Agricultural and Resource Economics Society in its series 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia with number 47630.
Date of creation: 2009
Date of revision:
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terms of trade; trade; commodity prices; Australian economy; resource sector; exchange rates; International Relations/Trade;
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