Valadkhani, Abbas; Layton, A. P.; Karunaratne, N. D. - 2005
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 1969q4-2002q …3. The empirical results based on dynamic least squares method show that Australia’s export prices are cointegrated with …