The macroeconomics of foreign investment in Australia
This thesis examines the causes and consequences of Australia's external "imbalance" in the 1980's by highlighting the macroeconomic gains from international trade in saving. After developing an extended international accounting and measurement framework which includes new infl ation-adjusted measures, several stylized facts are presented as the basis for subsequent theoretical and empirical analysis. Traditional theoretical approaches to external account determination, such as...[Show more]
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