National and Sectoral Effects of a Decline in the Desirability of Investing in Australia

Date

2021

Authors

Gretton, Paul

Journal Title

Journal ISSN

Volume Title

Publisher

Blackwell Publishing Ltd

Abstract

Australia has a long-standing dependence on foreign investment to make up the difference between domestic saving and investment opportunities. There is, nevertheless, an ongoing debate about the merits or otherwise of inward foreign investment. There has also been a recent tightening of criteria governing foreign investment. The OECD assesses Australia's foreign direct investment regime to be one of the most restrictive in the OECD area, while broader discussions have considered the potential for a decline in Australia's credit rating. This paper uses a dynamic global general equilibrium model-GDyn-FS-to report on the national and sectoral effects of a decline in the desirability of investing in Australia, relative to other countries.

Description

Keywords

Citation

Source

The Australian Economic Review

Type

Journal article

Book Title

Entity type

Access Statement

Open Access

License Rights

Creative Commons Attribution licence

DOI

10.1111/1467-8462.12441

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