Browsing by Author "Chatterjee, Srikanta"

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    The CER in action: look at Australia-NZ trade flows since the 1983
    (The University of western Australia, 2023) Siddique, M.A.B.; Chatterjee, Srikanta
    This paper employs statistical and analytical methods to examine the manner in which trade between Australia and New Zealand has developed since the closer Economic relations (CER) agreement of 1983. The strength and weakness of their economic structure are Highlighted through the examination of the evolution of mutual trade and trade with the world, as well as the changes thereto over time. Empirical analysis finds that the nature of economic reforms in both countries have affected their mutual and global trade relationship and policy directives have been drawn from the findings.
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    Natural resource and the structure of Australia's foreign trade
    (2023) Chatterjee, Srikanta
    The factor proportions model of international trade hypothesises that a country would export a product which is intensive in the country's relatively abundant factor of production. However, once the model is extended beyond its original two-factor framework, the establishment of a country's factor endowment becomes somewhat blurred. Following Leontief's celebrated paradox relating to the structure of US foreign trade, attempts have been made to re-examine the factor content of a country's net exports, i.e. its exports minus its imports. A country's net exports must equal its production less its consumption. Its production embodies its own factor endowments, while its consumption embodies a fraction of world factor endowments equal to its share in world income (the homotheticity assumption). Thus, if a country is abundantly endows with a particular factor, in the sense that its share of the factor exceeds its share of world income, its exports must embody more of that factor than its imports.