Research Discussion Paper – RDP 2004-11 Trade Openness: An Australian Perspective

Contents

• Introduction
• The Gravity Model
• The Openness Equation
• Interpreting Australia's Low Openness Ratio
• Conclusions
• References

The views in this paper are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia. We thank Leon Berkelmans, Guy Debelle, Luci Ellis, Jonathan Kearns, Christopher Kent, Marion Kohler, Phil Manners and Andrew Rose for helpful comments and Steven Pennings for assistance in preparing the statistical database. Responsibility for any remaining errors rests with the authors.