IDEAS home Printed from https://ideas.repec.org/p/oec/traaab/137-en.html
   My bibliography  Save this paper

Trade, Employment and Structural Change: The Australian Experience

Author

Listed:
  • Greg Thompson

    (Australian Productivity Commission)

  • Tim Murray

    (Australian Productivity Commission)

  • Patrick Jomini

    (Australian Productivity Commission)

Abstract

International trade produces income gains across the world by facilitating an efficient allocation of production among trading countries. However, increased trade exposure also creates some challenges, and there are adjustment costs associated with changing trade patterns. Effective complementary policies, by promoting flexibility and adaptation within economies, can reduce adjustment costs associated with increased trade, and therefore ensure the benefits are maximised. This paper highlights these issues with reference to recent experience in Australia. Computable General Equilibrium modelling shows how the recent improvement in Australia‘s terms of trade is likely to have increased incomes and that the magnitude of these gains is directly linked to the degree of flexibility of the economy.

Suggested Citation

  • Greg Thompson & Tim Murray & Patrick Jomini, 2012. "Trade, Employment and Structural Change: The Australian Experience," OECD Trade Policy Papers 137, OECD Publishing.
  • Handle: RePEc:oec:traaab:137-en
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1787/5k9csf8jftbt-en
    Download Restriction: no

    More about this item

    Keywords

    employment; growth; trade; wages;

    JEL classification:

    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:oec:traaab:137-en. 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: (). General contact details of provider: http://edirc.repec.org/data/tdoecfr.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.

    We have no 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.

    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.