Trade, Employment and Structural Change: The Australian Experience
International trade produces income gains across the world by facilitating an efficient allocation of production among trading countries. However, increased trade exposure also creates some challenges, and there are adjustment costs associated with changing trade patterns. Effective complementary po...
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| Main Author: | |
|---|---|
| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2012
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| Series: | OECD Trade Policy Papers
no.137 |
| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | International trade produces income gains across the world by facilitating an efficient allocation of production among trading countries. However, increased trade exposure also creates some challenges, and there are adjustment costs associated with changing trade patterns. Effective complementary policies, by promoting flexibility and adaptation within economies, can reduce adjustment costs associated with increased trade, and therefore ensure the benefits are maximised. This paper highlights these issues with reference to recent experience in Australia. Computable General Equilibrium modelling shows how the recent improvement in Australia's terms of trade is likely to have increased incomes and that the magnitude of these gains is directly linked to the degree of flexibility of the economy. |
| Physical Description: | 1 Online-Ressource (36 Seiten) 21 x 29.7cm. |
Staff View
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| indexdate | 2025-03-18T14:29:18Z |
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| spelling | Thompson, Greg VerfasserIn aut Trade, Employment and Structural Change The Australian Experience Greg, Thompson, Tim, Murray and Patrick, Jomini Paris OECD Publishing 2012 1 Online-Ressource (36 Seiten) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Trade Policy Papers no.137 International trade produces income gains across the world by facilitating an efficient allocation of production among trading countries. However, increased trade exposure also creates some challenges, and there are adjustment costs associated with changing trade patterns. Effective complementary policies, by promoting flexibility and adaptation within economies, can reduce adjustment costs associated with increased trade, and therefore ensure the benefits are maximised. This paper highlights these issues with reference to recent experience in Australia. Computable General Equilibrium modelling shows how the recent improvement in Australia's terms of trade is likely to have increased incomes and that the magnitude of these gains is directly linked to the degree of flexibility of the economy. Employment Trade Australia Murray, Tim MitwirkendeR ctb Jomini, Patrick MitwirkendeR ctb |
| spellingShingle | Thompson, Greg Trade, Employment and Structural Change The Australian Experience Employment Trade Australia |
| title | Trade, Employment and Structural Change The Australian Experience |
| title_auth | Trade, Employment and Structural Change The Australian Experience |
| title_exact_search | Trade, Employment and Structural Change The Australian Experience |
| title_full | Trade, Employment and Structural Change The Australian Experience Greg, Thompson, Tim, Murray and Patrick, Jomini |
| title_fullStr | Trade, Employment and Structural Change The Australian Experience Greg, Thompson, Tim, Murray and Patrick, Jomini |
| title_full_unstemmed | Trade, Employment and Structural Change The Australian Experience Greg, Thompson, Tim, Murray and Patrick, Jomini |
| title_short | Trade, Employment and Structural Change |
| title_sort | trade employment and structural change the australian experience |
| title_sub | The Australian Experience |
| topic | Employment Trade Australia |
| topic_facet | Employment Trade Australia |
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