Dundee Discussion Papers in Economics 110: The exports transmission mechanism of foreign business cycles to Australia

Nicolas De Roos, Bill Russell

    Research output: Working paperDiscussion paper

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    Abstract

    This paper examines the impact of foreign business cycles on Australian exports. After accounting for the effect of domestic activity on exports we find that foreign activity has at times had a large impact on Australian exports and, therefore, also on Australian GDP. We also find evidence 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.
    Original languageEnglish
    PublisherUniversity of Dundee
    Publication statusPublished - 2000

    Publication series

    NameDundee Discussion Papers in Economics
    PublisherUniversity of Dundee
    No.110
    ISSN (Print)1473-236X

    Keywords

    • Business cycles
    • Exports
    • Cointegration

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