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Trade Liberalisation and Productivity Growth: Time-Series Evidence From Australian Manufacturing

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journal contribution
posted on 2017-06-08, 01:37 authored by Chand, Satish
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.

History

Year of first publication

1997

Series

Department of Economics.

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