An error correction model for Australian manufactured exports

Huynh, Chau N. (1997). An error correction model for Australian manufactured exports Honours Thesis, School of Economics, University of Queensland.

       
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Author Huynh, Chau N.
Thesis Title An error correction model for Australian manufactured exports
School, Centre or Institute School of Economics
Institution University of Queensland
Publication date 1997
Thesis type Honours Thesis
Total pages 63
Language eng
Subjects 14 Economics
Formatted abstract The aims of the thesis were to test a number of assumptions made about Australia as a player in the world market. It sets out to test the 'small country' assumption for Australian manufacturing exports, and it also to estimate the price and income elasticities for Australian manufacturing exports. The method employed for the empirical analysis was the error correction modelling which is an autogressive distribulated lag form. The results confirmed that Australia is a 'small country' in modelling manufacturing exports, with the estimated price elasticities of demand for Australian manufactured exports being very low (0.07). A controlled experiment is carried out using Australian manufacturing exports data to resolve the Riedel/Muscatelli elasticity debate on size and significant of the price and income elasticities of demand.

 
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