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The Merging Australian Manufacturing Export Response to Microeconomic Reform
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Peter L. Swan and John Zeitsch
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Abstract
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Is removal of tariff protection the key to the growth of manufacturing exports? Existing analyses of microeconomic reform have shown large improvements to mining. We use a less constrained version of the economic model ORANI to show that manufacturing exporters are the major beneficiaries of free trade and adoption of international best practice. A multi-attributable model is used to identify industries with export potential. Benefiting areas include transport, electronic and electrical equipment, construction machinery, chemicals, and iron and steel.
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Keywords
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EXPORTS; MANUFACTURING; MICROECONOMIC REFORM; PROTECTION; GENERAL EQUILIBRIUM; MULTI-ATTRIBUTE ANALYSIS.
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Contact Details
Peter L. Swan
Australian Graduate School of Management
University of New South Wales
PO Box 1
Kensington NSW 2033
John Zeitsch
Director
Swan Consultants (Canberra) Pty. Ltd.
Lyneham Square
PO Box 137
Lyneham ACT 2602
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This study is based on research undertaken for the Australian Manufacturing Council, in particular Chapter 4 of Yetton, Davis and Swan (1992). A major input was a report by John Zeitsch of Swan Consultants (Canberra) Pty. Ltd.(1991a). We wish to thank the AMC, Jeremy Davis, Philip Yetton and Jane Craig for assistance, and also the AGSM MBA students, particularly Andrew Spice who did much of the multi-attribute modelling.
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