Products – The Centre for Independent Studies

Australia's Export Exposure to China's Coronavirus Epidemic

Salvatore Babones
18 February 2020 | AP7
Australia's Export Exposure to China's Coronavirus Epidemic

This paper estimates the direct and immediate effects of the coronavirus epidemic on the revenues of Australia’s major export industries. It breaks down Australia’s exports to China across 18 major industry groups, including both goods and services exports. China’s coronavirus epidemic is likely to cost Australia’s export industries between $8 billion and $12 billion in lost revenues, partly due to a slowdown in the Chinese economy but mostly because of Australian educational institutions’ extraordinary dependence on Chinese students. In 2019, Australia exported $157 billion in goods and an estimated $18 billion in services to China (including Hong Kong and Macau), for a total of $175 billion. Commodities exporters are well-prepared for the crisis, but Australia’s services export industries will be hit hard, with two industries at high risk of disruption from coronavirus: tourism (minimum revenue loss: $1.5 billion) and education services (minimum revenue loss: $2.8 billion). The coronavirus epidemic has also highlighted the need for services exporters to keep greater reserves and/or purchase business disruption insurance to insure against low-probability, high-impact events like this year’s coronavirus epidemic.

Latest Publications

Victims of failure – how the COVID-19 policy response let down Australians
Monica Wilkie
09 December 2020 | AP18

The government response to COVID-19 has imposed restrictions on Australians unseen in peacetime. As Australians approach nearly a year of living under varying coronavirus restrictions it is timely to analyse governments response to COVID-19. Victims of failure – how the COVID-19 policy response let down Australians examines the policy response adopted by the National Cabinet, and individual states and territories,…

A House Divided: The AFRB and China's Subnational Diplomacy in Australia
Salvatore Babones
12 November 2020 | AP17

This paper examines China’s subnational diplomacy in Australia and the suitability of Australia’s Foreign Relations Bill (AFRB) as a tool for countering it. The AFRB is designed to help the Commonwealth keep tabs on international diplomacy involving Australian states, territories, local governments, and public universities. The obvious target of the bill is China, which has systematically circumvented traditional international diplomacy…

The End of Monetary Policy?
Warren Hogan
29 October 2020 | AP16

Monetary policy is not the answer to our economic problems; and central bank actions could be making matters worse. This paper outlines that monetary policy in most advanced economies is suffering from overreach and has been for much of the past decade. Many of the problems economies face cannot be solved by easy money. They are structural, so can only…

Parents’ perspectives on home-based learning in the covid-19 pandemic
Glenn Fahey, Blaise Joseph
30 September 2020 | AP15

School closures during the covid-19 pandemic temporarily shifted schooling from the classroom to the home. This paper provides an insight into parents’ perspectives of this experience of home-based learning. The research shows parents have a wide range of views on how, how often, and how well schooling was carried out. Parents also differ on how they say their child progressed…

RATIONALISING REGULATION: Helping the economy recover from the corona crisis
Gene Tunny, Ben Scott
23 September 2020 | AP14

Australia’s anachronistic, inconsistent, and excessive regulatory landscape is an area of immense potential for growth-enhancing economic reforms. The regulatory constraints outlined in this paper are impeding business growth and their removal or adjustment would yield large economic benefits. The relaxation of a range of restrictions to respond to the pandemic—e.g. around supermarket delivery times and the availability of liquor for…