Growth and dynamics of Australia's education exports |
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| Authors: | Mamta B Chowdhury |
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| Institution: | 1. School of Economics and Finance, University of Western Sydney , Building ED.G. 123 Parramatta Campus, Locked Bag 1797, Penrith South DC, NSW 1797, Australia mamta.chowdhury@uws.edu.au |
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| Abstract: | Australia is the third largest global exporter of education services and generated $18.6 billion in 2009–2010. The education sector ranks as the top services exports and number three of all export earners in recent years after coal and iron ore. This study analyses the major determinants of Australia's education exports. Using the Johansen cointegration technique, a stable long run relationship is found between education export earnings, real exchange rate, world income and terms of trade. It is also found that policy reforms relating to opening up the education sector from the mid 1980s had a positive growth effect on the sector. |
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