Australia and the world business cycle

Beacham, Gareth (1993). Australia and the world business cycle Honours Thesis, School of Economics, The University of Queensland.

       
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Author Beacham, Gareth
Thesis Title Australia and the world business cycle
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1993
Thesis type Honours Thesis
Total pages 101
Language eng
Subjects 14 Economics
Formatted abstract This thesis examines the world business cycle, and it's relevance to Australia. Justification for the study of the world business cycle is provided by way of an examination of the Australian business cycle relative to it's major trading partners. The world business cycle is then shown to be theoretically plausible in the context of certain macroeconomic models. An examination of preceding work on the world business cycle reveals that it exists for most countries and statistical tests used. Other important issues surveyed are the debate over the reason for the existence of the world business cycle, and the effect of the change in exchange rate regimes on the world business cycle. It is shown, in the process of testing two hypotheses posed, that Australia moves with the world business cycle, and that deregulation in Australia has increased it's dependence on the world business cycle. The policy implications that are drawn are mostly in the form of a more 'hands off'approach to the economy.


 
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