Australia's export trade with countries of the Asia Pacific economic council : determinants and policy implications

Nott, Kirsty. (1993). Australia's export trade with countries of the Asia Pacific economic council : determinants and policy implications Master's Thesis, School of Economics, The University of Queensland.

       
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Author Nott, Kirsty.
Thesis Title Australia's export trade with countries of the Asia Pacific economic council : determinants and policy implications
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1993
Thesis type Master's Thesis
Total pages 75
Language eng
Subjects 14 Economics
Formatted abstract Over the past two or three decades, the proportion of Australia's exports going to the Asia Pacific region has dramatically increased. In particular, the member countries of the APEC arrangement provide the largest market for Australian exports. Nine out of ten of Australia's main export markets are APEC members.

This study provides an analysis of the determinants of Australia's exports to these APEC countries. The findings of the study are then used to generate recommendations for future policy.

The results of the study indicate that the distance between Australia and its trading partner has a strong influence on the volume of exports. The importing countries' GNP level is also a significant determinant of the volume of Australian export flows in the region. Also, the population of the importing country has some influence on export levels. Current world developments have indicated the need for formalised economic integration in the Asia Pacific. Given the importance to Australia of a free and open world trading environment, the future direction of APEC as a regional economic arrangement is of great concern. Current policy measures should be directed at achieving and maintaining an open regional arrangement. In the short term, any regional trade liberalisation in impediments to primary commodity trade will greatly benefit Australian exporters.

 
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