dc.contributor.author | Swift, Robyn | |
dc.date.accessioned | 2020-03-23T04:51:11Z | |
dc.date.available | 2020-03-23T04:51:11Z | |
dc.date.issued | 1998 | |
dc.identifier.issn | 0004900X | |
dc.identifier.doi | 10.1111/1467-8454.00013 | |
dc.identifier.uri | http://hdl.handle.net/10072/121796 | |
dc.description.abstract | Australia is generally held to be a small open economy with a high proportion of commodity exports. It is therefore regarded as a ‘price taker’ in international markets, and pass‐through on exports is expected to be zero. This paper uses the Johansen Multivariate Cointegration technique to estimate the pass‐through of exchange rate changes to the destination‐currency prices of aggregate Australian exports. The results demonstrate a stable long‐run pass‐through level of 60 per cent, which refutes the ‘small‐country’ assumption of Australian exporters as price takers. These findings have important implications for Australia's terms of trade and current account deficit. | |
dc.description.peerreviewed | Yes | |
dc.language | English | |
dc.language.iso | eng | |
dc.publisher | Blackwell Publishing | |
dc.publisher.place | UK | |
dc.relation.ispartofpagefrom | 169 | |
dc.relation.ispartofpageto | 184 | |
dc.relation.ispartofissue | 2 | |
dc.relation.ispartofjournal | Australian Economic Papers | |
dc.relation.ispartofvolume | 37 | |
dc.subject.fieldofresearch | Economics | |
dc.subject.fieldofresearch | Commerce, Management, Tourism and Services | |
dc.subject.fieldofresearchcode | 14 | |
dc.subject.fieldofresearchcode | 15 | |
dc.title | Exchange Rate Pass-Through: How Much do Exchange Rate Changes Affect the Prices of Australian Exports? | |
dc.type | Journal article | |
dc.type.description | C1 - Articles | |
dc.type.code | C - Journal Articles | |
gro.faculty | Griffith Business School, Department of Accounting, Finance and Economics | |
gro.hasfulltext | No Full Text | |
gro.griffith.author | Swift, Robyn F. | |