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- handle: 10670/1.toaikf
- hal: hal-03968034
- doi: 10.3390/su142012973
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info:eu-repo/semantics/altIdentifier/doi/10.3390/su142012973
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Trade Commercial trade Foreign trade Duties Customs duties Border taxes Customs (Tariff) Tariff on raw materials Fees, Import Import fees Import controls Ad valorem tariff Supposition Assumption Trade TradeCiter ce document
Etienne Farvaque et al., « American and Australian Tariff Policies: Do They Rock or Tango or Roll? », HAL-SHS : économie et finance, ID : 10.3390/su142012973
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Résumé
How can two countries’ trade policies be related to each other? A first possibility is that they are not related at all and that each country’s tariffs are defined under national considerations (the “rock” hypothesis). A second is that each country adapts its tariffs in reaction to what the other does (the “tango” hypothesis). A third is that both countries react to events happening in the rest of the world (the “roll” possibility). This paper examines the determinants of Australia’s and the US’ average tariff levels. Relying on historical data that cover a century (1904 to 2005), the three hypotheses are examined. The results indicate a strong long-run relation between the US and the Australian tariffs. Interrelations are also exhibited, with the US decisions influencing more strongly the Australian tariffs than the opposite. The results are important to assess the sustainability and stability of the regional trade agreements in the Pacific area.