An Analysis of the Trade and Employment Impact of Accelerated Trade Liberalisation for the Furnishing Manufacturing Industry in Australia

An Analysis of the Trade and Employment Impact of Accelerated Trade Liberalisation for the Furnishing Manufacturing Industry in Australia PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 24

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Trade Liberalisation and Intra-industry Trade

Trade Liberalisation and Intra-industry Trade PDF Author: Clive Hamilton
Publisher:
ISBN:
Category : Australia
Languages : en
Pages : 30

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Trade Liberalisation, Exit, and Output and Employment Adjustments of Australian Manufacturing Establishments

Trade Liberalisation, Exit, and Output and Employment Adjustments of Australian Manufacturing Establishments PDF Author: Alfons Palangkaraya
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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This paper investigates three potential sources of Australia's manufacturing productivity gains from trade liberalisation in the mid-1990s: the exit of inefficient establishments, economies of scale, and the reduction in x-inefficiency via employment reduction. We use manufacturing establishment level data and exploit the intersectoral variation in the effective rates of assistance (ERA) to see how businesses adjusted to trade liberalisation during the period. We find the documented productivity gains to be mostly accounted for by the reduction in x-inefficiency through employment shedding in industries experiencing a high degree of trade liberalisation. We find little evidence that the exit of inefficient establishments in highly liberalised industries contributes to productivity gains. In fact, we find that the more productive establishments are more likely to exit, perhaps reflecting product switching by these businesses to make more profitable use of inputs. Similarly, there does not appear to be a strong relationship between the extent of trade liberalisation and output adjustments. However, we do find indicative evidence of an overall productivity-enhancing effect through economies of scale. These findings suggest that, at least for the case of Australia, the ease of making employment adjustments can be crucial for policies such as trade liberalisation to have the desired effect. In addition, trade liberalisation may provide incentives for domestic producers to seek more profitable use of their inputs and to move further downward along their cost curves. We think further studies assessing the productivity gains from product switching and economies of scale effects in both liberalised and non-liberalised industries and focusing on the interplay between labour market policy and firm adjustments would be valuable.

Restructuring Australian Manufacturing Industry

Restructuring Australian Manufacturing Industry PDF Author: Clive T Edward
Publisher: Institute of Southeast Asian Studies
ISBN:
Category : Business & Economics
Languages : en
Pages : 49

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The rapid growth in exports of manufactures from developing countries has unsettled the performance of manufacturing activities in many developed countries. Asian countries are heavily involved in the export of manufactures. Australia typifies the problems faced by the developed countries. How should Australia respond? Should it attempt to isolate itself from Asia? Or should it attempt to integrate itself with Asia? Is the removal of import restraints a prerequisite for closer integration? Or can closer integration be achieved by alternative approaches which are more politically acceptable? These issues are discussed.

The Effects of Trade Liberalisation on Australian Manufacturing Industry Productivity Growth

The Effects of Trade Liberalisation on Australian Manufacturing Industry Productivity Growth PDF Author: Satish Chand
Publisher:
ISBN:
Category : Free trade
Languages : en
Pages : 33

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Trade, Labour and Convergence Between Australia and China

Trade, Labour and Convergence Between Australia and China PDF Author: Neil Dias Karunaratne
Publisher:
ISBN:
Category : Australia
Languages : en
Pages : 24

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The concordance of trade liberialisation and labour immiseration has rekindled neo-protectionist policy sentiments in Australia. The study reviews using the neoclassical trade paradigm and its theorems the labour market effects of import penetration by countries like China. Trade liberalisation due to centralised wage fixing in Australia has stifled the emergence of large wage disparities between skilled and unskilled workers as predicted by the Stolper Samuelson theorem. Instead it appeared in the form of high unemployment amongst unskilled workers as predicted by the Rybczynski theorum. The analysis of unemployment in the manufacturing sector reveals that labour saving technology or Marx striking again rather than the iron fists of Stolper-Samuelson or Rybczynski was the main perpretrator of labour immiseration in Australia in the 1980s.

International and Regional Specialisation of Australian Manufacturing

International and Regional Specialisation of Australian Manufacturing PDF Author: Lennart Ohlsson
Publisher:
ISBN:
Category : Australia
Languages : en
Pages : 152

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Manufacturing Industry Revitalisation

Manufacturing Industry Revitalisation PDF Author: Australia. Parliament. Senate. Standing Committee on Industry, Science, and Technology
Publisher: Australian Government Publishing Service
ISBN:
Category : Australia
Languages : en
Pages : 248

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Trade Liberalisation and Earnings Distribution in Australia

Trade Liberalisation and Earnings Distribution in Australia PDF Author: Greg Murtough
Publisher:
ISBN: 9780646335445
Category : Australia
Languages : en
Pages : 104

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Trade Liberalisation

Trade Liberalisation PDF Author: Klarissa Stenberg
Publisher:
ISBN:
Category :
Languages : en
Pages : 54

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