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Measuring recent trends in Australia’s economic remoteness

Author

Listed:
  • Robert Ewing

    (Treasury, Government of Australia)

  • Bryn Battersby

    (Treasury, Government of Australia)

Abstract

Australia is (with New Zealand) one of the two most remote advanced economies in the world in terms of average distance from world economic activity. The rapid economic growth of countries in the Asian region in recent decades has resulted in only a modest reduction in Australia’s level of remoteness. This remoteness has direct effects on Australia’s trade performance. Overcoming the natural barrier to trade created by Australia’s location may require greater efforts than those of most other countries to promote trade and the economic benefits that come from international engagement.

Suggested Citation

  • Robert Ewing & Bryn Battersby, 2005. "Measuring recent trends in Australia’s economic remoteness," Economic Roundup, The Treasury, Australian Government, issue 1, pages 21-31, March.
  • Handle: RePEc:tsy:journl:journl_tsy_er_2005_1_1
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    File URL: http://archive.treasury.gov.au/documents/958/PDF/03_Remoteness.pdf
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    Cited by:

    1. Jyoti Rahman, 2005. "Comparing Australian and United States productivity," Economic Roundup, The Treasury, Australian Government, issue 2, pages 27-45, June.

    More about this item

    Keywords

    Australia; economic growth; trade;

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania

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