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  • 标题:Dynamic Adjustments to Terms of Trade Shocks: The USA Productivity Boom and Australia
  • 本地全文:下载
  • 作者:Richard G. Harris ; Peter E. Robertson
  • 期刊名称:Discussion Papers / School of Business, University of New South Wales
  • 出版年度:2007
  • 卷号:2007
  • 出版社:Sydney
  • 摘要:How has the USA’s “new economy” productivity boom affected Australia? We consider this question using a dynamic multi-sector growth model of the Australian and USA economies. We find that productivity growth in the USA durables sector generates small but important gains to Australia. We find that the transmission of growth is generated through increased export demand for Agriculture. Consequently we find that the USA’s productivity growth tends to favour Australia’s traditional export sectors. Likewise it increases the relative demand for less skilled labour in Australia and reduces the demand for skilled labour and higher education.
  • 关键词:Terms of Trade, Productivity, Economic Growth, Human Capital, Computable General Equilibrium Models.
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