TY - JOUR
T1 - National and Sectoral Effects of a Decline in the Desirability of Investing in Australia
AU - Gretton, Paul
PY - 2021
Y1 - 2021
N2 - 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.
AB - 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.
U2 - 10.1111/1467-8462.12441
DO - 10.1111/1467-8462.12441
M3 - Article
VL - 55
SP - 91
EP - 121
JO - The Australian Economic Review
JF - The Australian Economic Review
ER -