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Value-added Trade and the Australian Economy

Author

Listed:
  • Gerard Kelly

    (Reserve Bank of Australia)

  • Gianni La Cava

    (Reserve Bank of Australia)

Abstract

Australia's trade linkages have been affected by the expansion of global production networks, with Australia typically exporting commodities that are used to produce goods and services that are, in turn, exported to other markets. In this article, estimates of value-added trade are presented for Australia that complement conventional trade statistics. The value-added trade estimates suggest that the United States and Europe are more important for export demand than implied by conventional trade statistics, as some Australian content is exported to those locations indirectly via east Asia through global supply chains. The value-added trade estimates also highlight the importance of the services sector to Australian trade, as the services sector is integral to producing goods exports.

Suggested Citation

  • Gerard Kelly & Gianni La Cava, 2013. "Value-added Trade and the Australian Economy," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 29-38, March.
    • Handle: RePEc:rba:rbabul:mar2013-04
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2013/mar/pdf/bu-0313-4.pdf
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    References listed on IDEAS

    as
    1. Nagwa Riad & Luca Errico & Christian Henn & Christian Saborowski & Mika Saito & Jarkko Turunen, 2012. "Changing Patterns of Global Trade," IMF Departmental Papers / Policy Papers 2012/001, International Monetary Fund.
    2. Robert C. Johnson & Guillermo Noguera, 2012. "Fragmentation and Trade in Value Added over Four Decades," NBER Working Papers 18186, National Bureau of Economic Research, Inc.
    3. Vanessa Rayner & James Bishop, 2013. "Industry Dimensions of the Resource Boom: An Input-Output Analysis," RBA Research Discussion Papers rdp2013-02, Reserve Bank of Australia.
    4. Ashley Craig & Stephen Elias & Clare Noone, 2011. "Destinations and Uses of East Asian Merchandise Exports," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 9-14, June.
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    2. Paflioti, Persa & Vitsounis, Thomas K. & Teye, Collins & Bell, Michael G.H. & Tsamourgelis, Ioannis, 2017. "Box dynamics: A sectoral approach to analyse containerized port throughput interdependencies," Transportation Research Part A: Policy and Practice, Elsevier, vol. 106(C), pages 396-413.

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