Australian and American tariffs policies: do they rock or tango?
AbstractThis paper disentangles between two hypotheses on the determinants of Australia's and the US' average tariffs levels. Relying on historical data that covers a century (1904 to 2005), it is first shown that a break in the series occurs in 1947, forcing to separate the data into two sub-periods (before and after the 1947 break). The results permit to distinguish a "rock" and a "tango" regime. The first designates the period where one country (the US) has a stronger influence on the other, while the second indicates that, after 1947, stronger reciprocal inter-relations have to be taken into account.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 13507.
Date of creation: 19 Feb 2009
Date of revision:
Australia; United States; Trade Policy; Tariffs;
Other versions of this item:
- Cassette, Aurélie & Farvaque, Etienne, 2009. "Australian and American tariffs policies: do they rock or tango?," MPRA Paper 13627, University Library of Munich, Germany, revised 25 Feb 2009.
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-02-28 (All new papers)
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