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Resource Flows to the Traded Goods Sector

Author

Listed:
  • Jacqueline Dwyer

    (Reserve Bank of Australia)

  • Christine Groeger

    (Reserve Bank of Australia)

Abstract

This paper examines the allocation of private investment and employment between the traded and non-traded goods sectors in Australia. Industries are defined as export oriented, import competing or non-traded according to a classification system not used in previous studies of tradeable capacity. Applying this new system to disaggregated investment and employment data we find that there has been an increase in the share of total investment allocated to export oriented industries, but that their share of total employment has not changed. The share of both investment and employment in import competing industries has, on the other hand, fallen. These changes in the sectoral allocation of resources are consistent with the specialisation in production that accompanies international integration.

Suggested Citation

  • Jacqueline Dwyer & Christine Groeger, 1994. "Resource Flows to the Traded Goods Sector," RBA Research Discussion Papers rdp9401, Reserve Bank of Australia.
    • Handle: RePEc:rba:rbardp:rdp9401
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    File URL: https://www.rba.gov.au/publications/rdp/1994/pdf/rdp9401.pdf
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    References listed on IDEAS

    as
    1. Balassa, Bela, 1978. "Exports and economic growth : Further evidence," Journal of Development Economics, Elsevier, vol. 5(2), pages 181-189, June.
    2. Jerome Fahrer & John Simon, 1995. "Capital Constraints and Employmen," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 28(1), pages 23-34, January.
    3. Dwyer, Jacqueline, 1992. "The Tradeable Non-tradeable Dichotomy: A Practical Approach," Australian Economic Papers, Wiley Blackwell, vol. 31(59), pages 443-459, December.
    4. Jacqueline Dwyer & Christopher Kent, 1993. "A Re-examination of the Determinants of Australia’s Imports," RBA Research Discussion Papers rdp9312, Reserve Bank of Australia.
    5. Edwards, Sebastian, 1992. "Trade orientation, distortions and growth in developing countries," Journal of Development Economics, Elsevier, vol. 39(1), pages 31-57, July.
    6. Bela Balassa, 1977. "Effects of Commercial Policy on International Trade, the Location of Production, and Factor Movements," Palgrave Macmillan Books, in: Bertil Ohlin & Per-Ove Hesselborn & Per Magnus Wijkman (ed.), The International Allocation of Economic Activity, chapter 7, pages 230-258, Palgrave Macmillan.
    7. repec:bla:revinw:v:25:y:1979:i:4:p:413-27 is not listed on IDEAS
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    Cited by:

    1. Harald Simons, 2007. "Transfers, non-tradable goods and a distorted economy in eastern Germany," FEMM Working Papers 07002, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.

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