Macro-economic determinants of Australia’s current account, 1977–1986

The Australian J-Curve: A Reexamination

“…Therefore, the proper way of investigating the effects of devaluation on the trade balance is to relate the trade balance directly to the exchange rate. Indeed, in trying to identify the macro-economic determinants of Australia's trade balance, Karunaratne (1988) related the trade balance of Australia not only to its terms of trade, but also to its real effective exchange rate. He then concluded that a change in the real effective exchange rate did not have any significant effect on the Australia's current account.…”

Definition, Perspectives, and Understanding of International Competitiveness: A Quest for a Common Ground

“…Early empirical studies in the area of comparative advantage and price competitiveness primarily dealt with two commodities, two countries, and two factors in explaining trade. Some studies went beyond the two factor analysis and incorporated labor productivity, capital output ratio, differences in human capital (Baldwin, Ohlin (1933), Bank of England (1982), and Price Anderton and Dunnett (1987), Durand and Giorno (1987), Fagerberg (1988), Competitiveness Trivedi and Alexander (1988) Broad Schema and Fakiolas (1985), Clegg (1987), Fagerberg (1988, Hilke andNelson (1988), Empirical Studies Inotai (1988), Karunaratne (1988), Porter (1990), Rugman (1991), Bellak (1993), Cartwright (1993, Hodgetts (1993), Rugman and D'Cruz (1993) Strategy and Day and Wensley (1988), Yip (1989), Porter (1985Porter ( , 1990Porter ( , 1991, Grant (1991), Management and D'Cruz and Rugman (1993), Wernerfelt (1984), Mahoney and Pandian Perspective (1992), Peters (1988), Powell (1992aPowell ( , 1992b, Mathur (1992), Williams (1992), Ghoshal and Kim (1986), Parsons (1983), Porter and Millar (1985), Kogut (1985), Mahmoud et al (1987) History, Politics, Aron (1966), Hofstede (1980Hofstede ( , 1983, Ng et al (1982), Kennedy (1987), and Culture …”

“…Like trade balance, the current account balance of a country has also been considered to be a good indicator of competitiveness. In an Australian model, Karunaratne (1988) regressed terms of trade, real interest rate, growth retardation effect, real exchange rate, government expenditure, and the size of external reserve with current account balance. Among these, only terms of trade and government expenditure were found to be significant.…”

Exchange Rate Sensitivity of Australia's Trade Flows: Evidence From Industry Data*

“…From the two groups, we gather that the Australian trade balance has received special attention. Arndt and Dorrance (1987), Felmingham (1988), Karunarante (1988), Bahmani‐Oskooee and Pourheydarian (1991) and Bahmani‐Oskooee et al. (2005) are studies that have investigated the response of Australia's trade balance to the real value of the Australian dollar.…”