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AGRICULTURE IN THE BALANCE OF PAYMENTS: DISCUSSION

AGRICULTURE IN THE BALANCE OF PAYMENTS: DISCUSSION I I 1955-5'.3 Commodity 1352-53 ----- -- - -..- _- I I Per fin. j I'er im. cent. cent. IVool and Sheepskins 420.9 48.5 8-6 Wheat and Flour 60.6 13utter ... ... 16.1 3'2 AIeats ... 8.3 57.6 Other 1;dstuis. 123.1 14.7 Metals, Metal 3Ianu- factures and Machin-( ' 66.1 ery ... ... ...I ~1.4 1 7-2 7'8 Other Exports ... ... I 66.5 I 7-8 61.4 8-9 -II - - Tota I ... .../ ~6.0 I 100 812'0 __ --_.- -- DISCUSSION I. B~TL~.:K-C~~II~II~~~~ZC~C~~!~Z Huirk of .4irstrdia Mr. Crawford has placed a very intractable problem before us. Ii'hile it would be unwise to write down its seriousness it is felt that some of the arguments indicating: its magnitude are not quite as con- clusive as they seem to be. The manufacture in Australia of at least some classes of goods, e.g., tinplate, does seem to nie to represent a net reduction in demand for imports and upsets any attempt to think in terms of a constant propensity to import. Moreover, consumer demand is for particular sorts of goods and is generally indifferent to whether they are manufactured locally or are imported. Despite all this, how- ever, it is http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

AGRICULTURE IN THE BALANCE OF PAYMENTS: DISCUSSION

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Publisher
Wiley
Copyright
Copyright © 1957 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1957.tb00002.x
Publisher site
See Article on Publisher Site

Abstract

I I 1955-5'.3 Commodity 1352-53 ----- -- - -..- _- I I Per fin. j I'er im. cent. cent. IVool and Sheepskins 420.9 48.5 8-6 Wheat and Flour 60.6 13utter ... ... 16.1 3'2 AIeats ... 8.3 57.6 Other 1;dstuis. 123.1 14.7 Metals, Metal 3Ianu- factures and Machin-( ' 66.1 ery ... ... ...I ~1.4 1 7-2 7'8 Other Exports ... ... I 66.5 I 7-8 61.4 8-9 -II - - Tota I ... .../ ~6.0 I 100 812'0 __ --_.- -- DISCUSSION I. B~TL~.:K-C~~II~II~~~~ZC~C~~!~Z Huirk of .4irstrdia Mr. Crawford has placed a very intractable problem before us. Ii'hile it would be unwise to write down its seriousness it is felt that some of the arguments indicating: its magnitude are not quite as con- clusive as they seem to be. The manufacture in Australia of at least some classes of goods, e.g., tinplate, does seem to nie to represent a net reduction in demand for imports and upsets any attempt to think in terms of a constant propensity to import. Moreover, consumer demand is for particular sorts of goods and is generally indifferent to whether they are manufactured locally or are imported. Despite all this, how- ever, it is

Journal

The Australian Journal of Agricultural Resource EconomicsWiley

Published: Feb 1, 1957

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