IDEAS home Printed from https://ideas.repec.org/a/bla/ausecr/v22y1989i1p39-50.html
   My bibliography  Save this article

Implications of Changes in the composition of Australian Exports for Export Sector Instability

Author

Listed:
  • W. J. Martin

Abstract

Variability in export returns is a major source of instability in the Australian economy and, in the presence of price and wage rigidities, may be a substantial cause of social costs. There have been calls for explicit policies to change Australia's pattern of exports away from traditional agricultural and mineral exports. In this article, the implications of changes in the pattern of Australian exports have been examined taking into account the variability of each category and the correlations between categories. From the results it appears that the diversification from rural to mineral exports since 1970 has substantially reduced the variability of export returns. While rural exports remain the most variable component of the total, a reduction in the rural share of total exports and a corresponding expansion of Australias traditional manufactured exports would appear to have surprisingly little effect on export variability. Copyright 1989 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research.

Suggested Citation

  • W. J. Martin, 1989. "Implications of Changes in the composition of Australian Exports for Export Sector Instability," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 22(1), pages 39-50.
  • Handle: RePEc:bla:ausecr:v:22:y:1989:i:1:p:39-50
    as

    Download full text from publisher

    File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-8462.1989.tb00311.x
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Murphy, C W, 1986. "Exchange Rate Policy and the AMPS Model," The Economic Record, The Economic Society of Australia, vol. 0(0), pages 41-54, Supplemen.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Daniel Lederman & William F. Maloney, 2007. "Natural Resources : Neither Curse nor Destiny," World Bank Publications, The World Bank, number 7183, January.
    2. Martin, Will, 2005. "Outgrowing resource dependence theory and some recent developments," Policy Research Working Paper Series 3482, The World Bank.
    3. Sambit Bhattacharyya & Jeffrey G. Williamson, 2011. "Commodity Price Shocks And The Australian Economy Since Federation," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 51(2), pages 150-177, July.
    4. repec:idb:idbbks:350 is not listed on IDEAS
    5. Daniel Lederman & William F. Maloney, 2007. "Natural Resources : Neither Curse nor Destiny," World Bank Publications, The World Bank, number 7183, September.
      • Anthony J. Venables & William Maloney & Ari Kokko & Claudio Bravo Ortega & Daniel Lederman & Roberto Rigobón & José De Gregorio & Jesse Czelusta & Shamila A. Jayasuriya & Magnus Blomström & L. Colin X, 2007. "Natural Resources: Neither Curse nor Destiny," IDB Publications (Books), Inter-American Development Bank, number 59538 edited by William Maloney & Daniel Lederman, February.

    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:ausecr:v:22:y:1989:i:1:p:39-50. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/mimelau.html .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.