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Causal Factors of Australian Beef Exports

Author

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  • Harris, Patrick

Abstract

This study aims to understand how the macroeconomic and microeconomic indicators influence the export market of beef in Australia as well as the inclusion of a bivariate (0,1) dummy variable, accounting for extreme climate aberrations such as the ‘Millennium Drought’ and the 2017-current drought. Additionally, this study addressed whether there is a delayed effect of the independent variables on Australian beef exports and draw upon neoclassical economic growth theory to assess if this economic paradigm holds in the real world. The paper identified and evaluated the casual factors of Australian beef exports and found there to be a two-quarter lag in bank loans to agriculture and a one-quarter lag in RBA interest rate before their effect was statistically significant. The results explore the various implications that depend on the perspective of the stakeholder, whether that be the farmer or the government.

Suggested Citation

  • Harris, Patrick, 2020. "Causal Factors of Australian Beef Exports," MPRA Paper 98766, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:98766
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    References listed on IDEAS

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    More about this item

    Keywords

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    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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