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dc.contributor.authorSwift, Robyn
dc.date.accessioned2020-03-23T04:51:11Z
dc.date.available2020-03-23T04:51:11Z
dc.date.issued1998
dc.identifier.issn0004900X
dc.identifier.doi10.1111/1467-8454.00013
dc.identifier.urihttp://hdl.handle.net/10072/121796
dc.description.abstractAustralia 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.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherBlackwell Publishing
dc.publisher.placeUK
dc.relation.ispartofpagefrom169
dc.relation.ispartofpageto184
dc.relation.ispartofissue2
dc.relation.ispartofjournalAustralian Economic Papers
dc.relation.ispartofvolume37
dc.subject.fieldofresearchEconomics
dc.subject.fieldofresearchCommerce, Management, Tourism and Services
dc.subject.fieldofresearchcode14
dc.subject.fieldofresearchcode15
dc.titleExchange Rate Pass-Through: How Much do Exchange Rate Changes Affect the Prices of Australian Exports?
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.hasfulltextNo Full Text
gro.griffith.authorSwift, Robyn F.


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