The Gregory Thesis visits the tropics
A concern about large, export-oriented projects relates to the flows of foreign exchange into the domestic economy that they produce. These flows occur both during the investment phase of the project and subsequently during its operational phase, through export earnings. Foreign exchange inflows produce direct benefits for some groups, but may also indirectly harm others, through an appreciation of the real exchange rate. These indirect outcomes, known as the ‘Gregory effect’ in Australia and...[Show more]
|Collections||ANU Research Publications|
|Source:||The Economic Record|
|wp-econ-2006-03.pdf||Author/s accepted manuscript (AAM)||377.99 kB||Adobe PDF|
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