Australian Services Trade in the Global Economy

image of Australian Services Trade in the Global Economy

This book presents an in depth analysis of the contribution of services to the Australian economy, the regulatory environment of the services sector and its performance in an international context. The analysis highlights the importance of co-ordinated domestic policy action, priorities for promoting behind-the-border regulatory reforms in strategic international markets, and the benefits of an ambitious bilateral, plurilateral and multilateral trade policy agenda that contributes to rules-based certainty and predictability in services trade globally.




The input-output analysis describes the sale and purchase relationships between producers and consumers within an economy. One key component of input-output data is the intermediate transaction table that records the sales and purchases of intermediate inputs between different sectors of the economy. The intermediate transaction table allows tracing the various inputs that flow into the supply chains (or value chains) of an economy. For instance, how much financial services are purchased by the mining industry, which in turn supplies ores to manufacturing companies.


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