A Re-examination of the Determinants of Australia’s Imports

Jacqueline Dwyer and Christopher Kent
Additional contact information
Jacqueline Dwyer: Reserve Bank of Australia
Christopher Kent: Reserve Bank of Australia

RBA Research Discussion Papers from Reserve Bank of Australia

Abstract: The trend rise in import penetration in Australia has renewed interest in the determinants of import volumes. In this paper, an attempt is made to explain the growth in Australia’s imports in terms of the increased openness of the economy. Openness is proxied by the effective rate of protection. It is found that whilst reductions in protection do not help explain the growth in aggregate imports, they do explain a substantial share of the growth in imports of consumption and intermediate goods. This is said to reflect the impact of reductions in protection on both the demand for imports and the domestic supply of import substitutes.

Date: 1993-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://www.rba.gov.au/publications/rdp/1993/pdf/rdp9312.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rba:rbardp:rdp9312

Access Statistics for this paper

More papers in RBA Research Discussion Papers from Reserve Bank of Australia Contact information at EDIRC.
Bibliographic data for series maintained by Paula Drew ().