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THE RELATIVE SIGNIFICANCE OF A RANGE OF ECONOMIC POLICIES FOR IMPROVING AUSTRALIA'S BALANCE OF TRADE 31
Stoeckel, Andrew B.; Higgs, Peter J..
Australia faces a very serious trade problem. A large improvement in the balance of trade is required simply to stop its international debt from rising above levels which are already considered too high. In this paper, a range of economic policies are examined. Each generates a $A1 billion improvement (in 1985-86 prices) in the balance of trade after about 2 years. The following economic shocks are examined: an increase in world agricultural prices; a cut in real wages; a reduction in protection for manufacturing industries; a change in the tax mix in favour of indirect taxation; and a contraction in real domestic absorption. The impacts of these shocks are derived from simulations with ORANI, a computable general equilibrium model of the Australian...
Tipo: Journal Article Palavras-chave: International Relations/Trade.
Ano: 1988 URL: http://purl.umn.edu/22962
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How Domestic Economic Conditions Influence the Real Exchange Rate 31
Higgs, Peter J..
Tipo: Journal Article Palavras-chave: Financial Economics.
Ano: 1988 URL: http://purl.umn.edu/9666
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