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- Title
The Exports Transmission Mechanism of Foreign Business Cycles to Australia.
- Authors
De Roos, Nicolas; Russell, Bill
- Abstract
The present paper examines the impact of foreign business cycles on Australian exports. After accounting for the effect of domestic activity on exports it has been found that foreign activity has at times had a large impact on Australian exports and, therefore, also on Australian GDP. Evidence is also found that the US and Japan have a high output elasticity of demand for Australia’s exports. Consequently, their business cycles have a larger impact on Australia’s exports than that suggested by their market shares of Australian exports.
- Subjects
AUSTRALIA; BUSINESS cycles; EXPORTS
- Publication
Economic Record, 2002, Vol 78, Issue 240, p50
- ISSN
0013-0249
- Publication type
Article
- DOI
10.1111/1475-4932.00038