Rahman, Mohammad Mafizur (2012) Exploring Australia's global trade potential: a gravity approach with panel data. Academy of Taiwan Business Management Review, 8 (1). pp. 35-47. ISSN 1813-0534
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This paper investigates Australia's global trade potential taking data of Australia and its 57 trading partners for the period of 1972-2006. Gravity model approach and panel data estimation techniques have been used. The paper first estimates the augmented gravity models of trade. The estimated coefficients are then used to predict Australia's trade potential. Our results reveal that Australia's bilateral trade is affected positively by income, openness of trading partners, common language and free trade agreement, and negatively by the per capita income differential and distance between Australia and trading partners. The results indicate Australia has notable trade potential with Mexico, Argentina, Uruguay, Austria, Peru, India, the Philippines, Brazil, Chile, the USA, New Zealand, Greece, Japan, Turkey, Nepal, Kenya, Spain, Hungary, Brunei, Hong Kong, South Africa, Pakistan and Canada.
|Item Type:||Article (Commonwealth Reporting Category C)|
|Uncontrolled Keywords:||gravity model; panel data; Australia; trade potential|
|Fields of Research (FOR2008):||15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150308 International Business|
14 Economics > 1403 Econometrics > 140304 Panel Data Analysis
14 Economics > 1402 Applied Economics > 140210 International Economics and International Finance
|Socio-Economic Objective (SEO2008):||B Ecomonic Development > 91 Economic Framework > 9103 International Trade > 910399 International Trade not elsewhere classified|
|Deposited On:||30 Jul 2012 12:21|
|Last Modified:||21 Jan 2013 11:49|
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