The CER in action: look at Australia-NZ trade flows since the 1983
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Date
2023
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Publisher
The University of western Australia
Abstract
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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Keywords
Trade intensity, Intra-industry trade, revealed comparative advantage, Free trade areas