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The economic impact of the Australia - US free trade agreement

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dc.contributor.authorArmstrong, Shiro
dc.date.accessioned2016-02-24T22:41:06Z
dc.date.issued2015
dc.date.updated2016-02-24T10:09:26Z
dc.description.abstractThe Australia–United States Free Trade Agreement (AUSFTA) came into effect in 2005. It was the second preferential trade agreement that Australia signed, after its agreement with Singapore, and marked a departure from the primacy of Australia's previous trade policy of unilateral and multilateral trade liberalisation toward preferential liberalisation. This paper assesses the economic effects of AUSFTA by applying the Productivity Commission's gravity model of trade from its Bilateral and Regional Trade Agreements review. The evidence reveals AUSFTA resulted in a fall in Australian and US trade with the rest of the world—that the agreement led to trade diversion. Estimates also show that AUSFTA is associated with a reduction in trade between Australia and the United States.
dc.identifier.issn1035-7718
dc.identifier.urihttp://hdl.handle.net/1885/98563
dc.publisherCarfax Publishing, Taylor & Francis Group
dc.sourceAustralian Journal of International Affairs
dc.titleThe economic impact of the Australia - US free trade agreementen_AU
dc.typeJournal article
local.bibliographicCitation.issue5
local.bibliographicCitation.lastpage537
local.bibliographicCitation.startpage513
local.contributor.affiliationArmstrong, Shiro, College of Asia and the Pacific, ANU
local.contributor.authoruidArmstrong, Shiro, u3228929
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.identifier.absfor160505 - Economic Development Policy
local.identifier.ariespublicationU3488905xPUB6046
local.identifier.citationvolume69
local.identifier.doi10.1080/10357718.2015.1048777
local.identifier.scopusID2-s2.0-84941745853
local.type.statusPublished Version

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