Investigation the relationship between the Australian steam coal price and the Australian steam coal export: an empirical analysis

This paper investigates the effects of Australian steam coal price on Australian steam coal export. The quarterly data of Australian steam coal price and the Australian steam coal export from 1992-2009 are employed to examine the effects. This study finds that the Australian steam coal price has a strong positive relationship with the Australian steam coal export and their relationships are becoming stronger rapidly. The findings suggest that the Australian steam coal price can determine the Australian steam coal export by 73 per cent in the period of 1998-2009 and 45 per cent in the period of 1992-2009. The empirical results of this analysis confirm that for each one US dollar increases in Australian steam coal price, the Australian steam coal export increases by 216,796 tonnes.