Research Discussion Paper – RDP 15 An Equation for Imports of Goods


An equation for imports of goods and services into Australia has been developed by Norton, Jackson and Sweeny [6]. The present study is an attempt to develop a new equation for imports of goods that will be suitable for integrating into a model of the balance of payments. In particular, it is designed to take advantage of revised series of data and to fit more easily into the partly completed model of the current account.