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    The Economics of Constitutional Monarchy: The Antipodean Anachronism?

    147788_25197_CRAE WP 201013 Simpson Economics of Constitutional Monarchy.pdf (88.40Kb)
    Access Status
    Open access
    Authors
    Simpson, John
    Date
    2010
    Type
    Working Paper
    
    Metadata
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    Citation
    Simpson, John. 2010. The Economics of Constitutional Monarchy: The Antipodean Anachronism?, Centre for Research in Applied Economics Working Paper Series no: 201013, Curtin University of Technology, School of Economics and Finance.
    Faculty
    Curtin Business School
    School of Economics and Finance
    URI
    http://hdl.handle.net/20.500.11937/32033
    Collection
    • Curtin Research Publications
    Abstract

    The United Kingdom, since the end of the Second World War, has not been vitally trade or defence dependent on Australia. Australia since the advent of European Economic Community has not been vitally trade dependent on the United Kingdom. There are continuing trade and investment relationships but, any strong economic, financial and political connections have long since evaporated. Yet, the Union Jack remains at the corner of the Australian flag. A British constitutional monarchy persists. Australia is a wealthy, independent and rapidly growing developed country, with its own identity, destiny and pride of place in the world. The United Kingdom and Australia of course remain friendly allies. This paper does not deal with past British cultural connections. It merely demonstrates econometrically that linkages of an economic, financial and political nature are not sufficiently strong enough to perpetuate a constitutional monarchy for Australia. A three country model is presented, to include the only other developed Southern Hemisphere British constitutional monarchy (that of New Zealand), for purposes of comparison.

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