American and Australian Tariff Policies: ...
Document type :
Compte-rendu et recension critique d'ouvrage
DOI :
Title :
American and Australian Tariff Policies: Do They Rock or Tango or Roll?
Author(s) :
Farvaque, Etienne [Auteur]
Lille économie management - UMR 9221 [LEM]
Cassette, Aurélie [Auteur]
Lille économie management - UMR 9221 [LEM]
Lille économie management - UMR 9221 [LEM]
Cassette, Aurélie [Auteur]
Lille économie management - UMR 9221 [LEM]
Journal title :
Sustainability
Pages :
12973
Publisher :
MDPI
Publication date :
2022-10
ISSN :
2071-1050
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
How can two countries’ trade policies be related to each other? A first possibility is that they are not related at all and that each country’s tariffs are defined under national considerations (the “rock” hypothesis). A ...
Show more >How can two countries’ trade policies be related to each other? A first possibility is that they are not related at all and that each country’s tariffs are defined under national considerations (the “rock” hypothesis). A second is that each country adapts its tariffs in reaction to what the other does (the “tango” hypothesis). A third is that both countries react to events happening in the rest of the world (the “roll” possibility). This paper examines the determinants of Australia’s and the US’ average tariff levels. Relying on historical data that cover a century (1904 to 2005), the three hypotheses are examined. The results indicate a strong long-run relation between the US and the Australian tariffs. Interrelations are also exhibited, with the US decisions influencing more strongly the Australian tariffs than the opposite. The results are important to assess the sustainability and stability of the regional trade agreements in the Pacific area.Show less >
Show more >How can two countries’ trade policies be related to each other? A first possibility is that they are not related at all and that each country’s tariffs are defined under national considerations (the “rock” hypothesis). A second is that each country adapts its tariffs in reaction to what the other does (the “tango” hypothesis). A third is that both countries react to events happening in the rest of the world (the “roll” possibility). This paper examines the determinants of Australia’s and the US’ average tariff levels. Relying on historical data that cover a century (1904 to 2005), the three hypotheses are examined. The results indicate a strong long-run relation between the US and the Australian tariffs. Interrelations are also exhibited, with the US decisions influencing more strongly the Australian tariffs than the opposite. The results are important to assess the sustainability and stability of the regional trade agreements in the Pacific area.Show less >
Language :
Anglais
Popular science :
Non
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