The relationship between real exchange rate pass-through (ERPT) for market price and an individual country’s price was theoretically formulated and empirically explored, using steel products data in the US market, with special reference to two major steel exporting countries, Japan and Korea....

This is Chapters 6 & 7 of my PhD thesis Understanding the World Wool Market: Trade, Productivity and Grower Incomes, UWA, 2006. The full thesis is available as Discussion Papers 06.19 to 06.24. The WOOLGEM model is applied to estimate the distortionary effects on prices, output, trade and...

In this paper, we investigate the presence of economies of scale in the global iron-making industry for integrated steel plants, iron-making being the first stage in the steel-making process. Iron-making depends on basic commodities, such as iron ore, coke and various forms of energy, required...

This is Chapter 2 of my PhD thesis Understanding the World Wool Market: Trade, Productivity and Grower Incomes, UWA, 2006. In this chapter we present the tools used to construct the theoretical structure of the model presented in Chapter 3. The theory of the model is highly nonlinear but is...

Emphasis on the interplay of real and monetary factors in determining exchange rates both in the short and long run.

The aim of this paper is to estimate the length of the long run in the foreign exchange market. We do this by examining the link between exchange rates and relative prices, based on the implications of purchasing power parity (PPP) theory. Using a new approach, we test if the ratios of variances...

International food consumption has attracted a lot of attention in the literature. In particular, a series of studies have been conducted using the popular International Comparison Project (ICP) databases (released in the 1970s and 1980s). This paper adds to the growing literature by presenting...

The existence of economies of scale requires different interpretations of the welfare effect of protection on the industry from conventional analyses. This paper finds that the Australian automotive industry has economies of scale, and carries out relevant welfare analysis of tariff. Using the...