IDEAS home Printed from https://ideas.repec.org/a/bla/ausecp/v39y2000i1p33-55.html
   My bibliography  Save this article

Changes in Technology and Preferences: A General Equilibrium Explanation of Rapid Growth in Trade

Author

Listed:
  • Peter B. Dixon
  • Jayant Menon
  • Maureen T. Rimmer

Abstract

We use a computable general equilibrium model in an explanation of the recent rapid growth in Australia's trade, particularly intra‐industry trade. Relative to previous studies of trade growth based on multiple regression analysis, our approach allows us to: (i) work at a detailed industry level; (ii) use primary variables to represent changes in technology and preferences rather than proxies; and (iii) use a framework based on explicit microeconomic foundations. We find that most of the growth in Australia's trade relative to GDP is explained by changes in technology and preferences.

Suggested Citation

  • Peter B. Dixon & Jayant Menon & Maureen T. Rimmer, 2000. "Changes in Technology and Preferences: A General Equilibrium Explanation of Rapid Growth in Trade," Australian Economic Papers, Wiley Blackwell, vol. 39(1), pages 33-55, March.
    • Handle: RePEc:bla:ausecp:v:39:y:2000:i:1:p:33-55
    DOI: 10.1111/1467-8454.00073
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-8454.00073
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-8454.00073?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kym Anderson, 2005. "On the Virtues of Multilateral Trade Negotiations," The Economic Record, The Economic Society of Australia, vol. 81(255), pages 414-438, December.
    2. Anderson, Kym, 2004. "Setting the Trade Policy Agenda: What Roles for Economists?," Working Papers 14574, International Agricultural Trade Research Consortium.
    3. James A. Giesecke & John R. Madden, 2013. "Evidence-based regional economic policy analysis: the role of CGE modelling," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 6(2), pages 285-301.
    4. Colombo, Giulia, 2008. "The Effects of DR-CAFTA in Nicaragua: A CGE-Microsimulation Model for Poverty and Inequality Analysis," Conference papers 331778, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. Peter B. Dixon & Maureen T. Rimmer, 2023. "What do GTAP databases tell us about technologies for industries and regions?," Centre of Policy Studies/IMPACT Centre Working Papers g-340, Victoria University, Centre of Policy Studies/IMPACT Centre.
    6. James A. Giesecke & Tran Hoang Nhi, 2009. "Sources of Growth and Structural Change in the Vietnamese Economy, 1996–2003: A Computable General Equilibrium Analysis," Asian Economic Journal, East Asian Economic Association, vol. 23(2), pages 195-224, June.
    7. Mai, Yin Hua & Adams, Philip & Dixon, Peter & Menon, Jayant, 2010. "The Awakening Chinese Economy: Macro and Terms of Trade Impacts on 10 Major Asia-Pacific Countries," Working Papers on Regional Economic Integration 66, Asian Development Bank.
    8. Dixon, Peter B. & Rimmer, Maureen T., 2013. "Validation in Computable General Equilibrium Modeling," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 1271-1330, Elsevier.
    9. Peter B. Dixon & Maureen T. Rimmer, 2009. "Forecasting with a CGE model: does it work?," Centre of Policy Studies/IMPACT Centre Working Papers g-197, Victoria University, Centre of Policy Studies/IMPACT Centre.
    10. Dixon, Peter B. & Koopman, Robert B. & Rimmer, Maureen T., 2013. "The MONASH Style of Computable General Equilibrium Modeling: A Framework for Practical Policy Analysis," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 23-103, Elsevier.
    11. James Giesecke, 2004. "The Extent and Consequences of Recent Structural Changes in the Australian Economy, 1997-2002: Results from Historical/Decomposition Simulations with MONASH," Centre of Policy Studies/IMPACT Centre Working Papers g-151, Victoria University, Centre of Policy Studies/IMPACT Centre.
    12. Kohlhaas, Michael & Bach, Stefan, 2005. "The effect of special provisions in the framework of energy taxes on the environmental effectivess - The case of Germany," Conference papers 331378, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    13. Dixon, Peter & Rimmer, Maureen, 2015. "Identifying the effects of NAFTA on the U.S. economy between 1992 and 1998: a decomposition analysis," Conference papers 332660, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    14. Craig de Laine & Patrick Laplagne & Susan Stone, 2001. "The increasing demand for skilled workers in Australia: the role of technical change," Labor and Demography 0105005, University Library of Munich, Germany.
    15. Adams, Philip D. & Parmenter, Brian R., 2013. "Computable General Equilibrium Modeling of Environmental Issues in Australia," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 553-657, Elsevier.
    16. Peter B. Dixon & Maureen T. Rimmer, 2010. "Validating a Detailed, Dynamic CGE Model of the USA," The Economic Record, The Economic Society of Australia, vol. 86(s1), pages 22-34, September.
    17. Glyn Wittwer, 2009. "The Economic Impacts of a New Dam in South‐East Queensland," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 42(1), pages 12-23, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ausecp:v:39:y:2000:i:1:p:33-55. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0004-900X .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.