10.4225/03/5938aa4c7f585
Chand, Satish
Satish
Chand
Trade Liberalisation and Productivity Growth: Time-Series Evidence From Australian Manufacturing
Monash University
2017
monash:7006
1959.1/36405
1997
2017-06-08 01:37:15
Journal contribution
https://bridges.monash.edu/articles/journal_contribution/Trade_Liberalisation_and_Productivity_Growth_Time-Series_Evidence_From_Australian_Manufacturing/5090197
This paper uses historical annual data for 27 years from 1968-9 on eight two-digit ANZSIC industries to assess the impact of the changes in industry assistance on economic efficiency. The empirical analysis shows that a one percent decline in the nominal rate of assistance leads to between 0.18 and 0.56 percent gain in multi-factor productivity, the latter our measure of economic efficiency. This finding has strong policy ramifications for the future of tariff reform in the manufacturing sector.