Australia has one of the more volatile set of export prices among OECD countries. This paper examines the extent to which Australia’s export prices relate to the world prices, using quarterly time-series data spanning, the period 1969–2002. The empirical results based on dynamic least squares method show that Australia’s export prices are cointegrated with the global export prices. A short-term dynamic ARCH-in Mean model, which captures the time varying nature of price volatility, has been used to explain the growth rate of Australia’s export prices. It is found that (a) changes in Australia’s export prices are highly associated with systematic changes in world export prices; (b) the diversification of Australia’s export base has contributed to a significant reduction in the volatility of export prices during the study period; and (c) the time varying volatility has not undermined, in a significant manner, the growth rate of Australia’s export prices.ud
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机译:在经合组织国家中,澳大利亚是出口价格波动最大的国家之一。本文使用跨度为1969-2002年的季度时间序列数据,研究了澳大利亚出口价格与世界价格的相关程度。基于动态最小二乘法的经验结果表明,澳大利亚的出口价格与全球出口价格是协整的。短期动态ARCH-in均值模型捕获了价格波动的时变性质,已被用来解释澳大利亚出口价格的增长率。研究发现:(a)澳大利亚出口价格的变化与世界出口价格的系统变化高度相关; (b)在研究期内,澳大利亚出口基础的多样化大大降低了出口价格的波动性; (c)时变波动并没有在很大程度上削弱澳大利亚出口价格的增长率。 ud
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机译:iExport Australia-为出口商提供以下服务的在线平台/应用程序:出口电子商务出口拍卖在线与服务提供商进行出口相关的服务请求和投标与服务提供商的集成与货运和货运的报价集成到政府机构和海关/边境的在线文件和电子提交澳大利亚– EDI / Web Services与GS1集成在一起,用于对出口工作台进行编号和条形码编码,以管理每个出口的所有与出口,交货和银行有关的任务出口相关的潜在客户和联系人管理出口市场AI和工具