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ABSTRACT: Generating a more outward looking sector has been one of the principal aims of agrifood policy in Australia for the past two decades. Australia's proximity to fast-growing economies of East Asia has been seen as a major source for export growth. Over the same time span, there has been an increase in foreign ownership in the food sector. Using a firm-level data set for 2005, we characterize the probability that a firm participates in exporting by a set of firm characteristics, including foreign ownership and spillovers from foreign-owned firms, and find that foreign ownership neither increases nor decreases the probability that a firm will be involved in exporting. [EconLit citations: Q170, Q130]. © 2010 Wiley Periodicals, Inc.
Agribusiness 01/2010; 26(3):329-347. · 0.67 Impact Factor
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ABSTRACT: Over the past decades, growth in foreign direct investment (FDI) has stimulated significant attempts at developing theories that explain this trend. One line of this research explores the relationship between exchange rates and FDI. There is no consensus about the nature of this relationship in either the theoretical or empirical work. In this article, we critically appraise this body of work, and find the theoretical studies to be making ground in exploring the complexities of FDI, but the empirical evidence to be constrained by data problems. Copyright 2008 The Authors. Journal compilation 2008 Australian Agricultural and Resource Economics Society Inc. and Blackwell Publishing Asia Pty Ltd.
Australian Journal of Agricultural and Resource Economics 01/2008; 52(4):505-525. · 1.06 Impact Factor
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ABSTRACT: The implication of price stabilisation under a volatile exchange rate is an increasingly volatile price denominated in a foreign currency. Time series analysis is used to model the relationship between exports, prices and AWC stocks. This model is used to assess the distribution of the impact of exchange rate shocks on prices denominated in local and foreign currencies. It is found that the AWC has significantly reduced the impact of exchange rate shocks on domestic prices.
Australian Journal of Agricultural Economics. 02/1991; 35(01).
