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Explaining Australia's Imports: 1974-1989

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  • Wilkinson, Jenny

Abstract

A model is estimated to explain Australia's demand for imports over the period from September 1974 to September 1989. Using cointegration techniques, it is found that growth in imports is well explained by movements in domestic activity, relative prices of imports and exports, and overtime. The models explain almost all of the rapid growth in imports over the period from September 1986 to September 1989. Over this period, the relative price of domestic goods to imports grew more strongly than domestic activity, and the contribution of relative prices to growth in imports is found to outweigh that of activity. Copyright 1992 by The Economic Society of Australia.

Suggested Citation

  • Wilkinson, Jenny, 1992. "Explaining Australia's Imports: 1974-1989," The Economic Record, The Economic Society of Australia, vol. 68(201), pages 151-164, June.
  • Handle: RePEc:bla:ecorec:v:68:y:1992:i:201:p:151-64
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    Cited by:

    1. Pope, Robin, 1999. "Local Manufacturing Hurt by Depreciations in a Theoretical Model Reflecting the Australian Experience," Discussion Paper Serie B 450, University of Bonn, Germany.
    2. Pavel Kadochnikov, 2006. "An Analysis of Import Substitution in Russia after the 1998 Crisis," Research Paper Series, Gaidar Institute for Economic Policy, issue 95, pages 148-148.
    3. David Gruen & Geoffrey Shuetrim, 1994. "Internationalisation and the Macroeconomy," RBA Annual Conference Volume,in: Philip Lowe & Jacqueline Dwyer (ed.), International Intergration of the Australian Economy Reserve Bank of Australia.
    4. Alexander Beames & Michael Kouparitsas, 2015. "Modelling Australia’s imports of goods and services," Treasury Working Papers 2015-02, The Treasury, Australian Government, revised Jun 2015.
    5. repec:eee:transa:v:106:y:2017:i:c:p:396-413 is not listed on IDEAS
    6. Kishor Sharma & Pemasiri J. Gunawardana, 2012. "The role of price and nonprice factors in predicting Australia's trade performance," Applied Economics, Taylor & Francis Journals, vol. 44(21), pages 2679-2686, July.
    7. Nikola Dvornak & Marion Kohler & Gordon Menzies, 2005. "Australia's Medium-Run Exchange Rate: A Macroeconomic Balance Approach," The Economic Record, The Economic Society of Australia, vol. 81(253), pages 101-112, June.
    8. Georgy Idrisov, 2010. "Factors of Demand for Imported Goods for Investment Purpose to Russia," Research Paper Series, Gaidar Institute for Economic Policy, issue 138P.
    9. Mah, Jai S., 2000. "An empirical examination of the disaggregated import demand of Korea--the case of information technology products," Journal of Asian Economics, Elsevier, vol. 11(2), pages 237-244.
    10. Jacqueline Dwyer & Christopher Kent, 1993. "A Re-examination of the Determinants of Australia’s Imports," RBA Research Discussion Papers rdp9312, Reserve Bank of Australia.
    11. Michele Bullock & Stephen Grenville & Geoffrey Heenan, 1993. "The Exchange Rate and the Current Account," RBA Annual Conference Volume,in: Adrian Blundell-Wignall (ed.), The Exchange Rate, International Trade and the Balance of Payments Reserve Bank of Australia.
    12. Masih, Rumi & Masih, Abul M. M., 2000. "A Reassessment of Long-Run Elasticities of Japanese Import Demand," Journal of Policy Modeling, Elsevier, vol. 22(5), pages 625-639, September.
    13. Adrian Blundell-Wignall & Michele Bullock, 1992. "Changes in the Characteristics of the Australian Business Cycle: Some Lessons for Monetary Policy from the 1980s and Early 1990s," RBA Research Discussion Papers rdp9212, Reserve Bank of Australia.

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