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Excess Demand And Expectations Influences On Price Changes In Australian Manufacturing Industry

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  • Hall, V.B.

Abstract

Data from the quarterly ‘Survey of Industrial Trends in Australia’ have been used to evaluate whether various excess demad and expectations influences have significantly effected reported price changes in Australian manufacturing industry. For the manufacturing sector, as a whole. both expected and unexpected changes in average unit costs have been important, but no explicit excess demand influence has been additionally significant at the I per cent level. For a majority of the indrutry categories tested, however, certain excess dgmand variables (involving. for example, finished goods inventories, unfilled orders. and industry operating rates) and various cost and inventory expectations variables have been significant.
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Suggested Citation

  • Hall, V.B., 1978. "Excess Demand And Expectations Influences On Price Changes In Australian Manufacturing Industry," Working Papers 24, University of Sydney, School of Economics.
    • Handle: RePEc:syd:wpaper:2123/7556
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    1. is not listed on IDEAS
    2. Harry Bloch & Michael Olive, 1999. "Cyclical and Competitive Influences on Pricing in Australian Manufacturing," The Economic Record, The Economic Society of Australia, vol. 75(3), pages 268-279, September.
    3. David Shepherd & Ciaran Driver, 2003. "Inflation and Capacity Constraints in Australian Manufacturing Industry," The Economic Record, The Economic Society of Australia, vol. 79(245), pages 182-195, June.
    4. Freebairn, John W., 1984. "Farm and Retail Food Prices," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 52(02), pages 1-20, August.

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