The exports transmission mechanism of foreign business cycles to Australia

Nicolas De Roos, Bill Russell

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    2 Citations (Scopus)

    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.
    Original languageEnglish
    Pages (from-to)50
    Number of pages59
    JournalEconomic Record
    Volume78
    Issue number240
    DOIs
    Publication statusPublished - 2002

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    Keywords

    • Business cycles
    • Exports
    • Cointegration

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