The Determinants of Foreign Direct Investment: A Review and Re‐Analysis of Evidence from Australia

Autor:	Zac Rafidi, George Verikios
Rok vydání:	2021
Předmět:	Distributed lag Economics and Econometrics Applied economics Monetary policy Economics Labour market flexibility Foreign direct investment International economics Literature study Investment (macroeconomics) Productivity
Zdroj:	Australian Economic Review. 55:71-90
ISSN:	1467-8462 0004-9018
DOI:	10.1111/1467-8462.12443
Popis:	Foreign direct investment (FDI) is foundational to economic growth. Despite this, the Australian empirical literature is limited. Therefore we examine the empirical determinants of Australia's inflow of FDI to understand the factors that motivate FDI. Using autoregressive distributed lag models, the study also highlights how these determinants change across time. While inward FDI can be explained by various theories it is most effectively understood by Dunning's Ownership, Locational and Internalisation framework. Therefore, the factors most important in Australia to attracting FDI are monetary policy, productivity, a competitive tax structure, labour market flexibility and costs of trade and investment.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::78259d6d40fa0ee0a83425b8e74bd677 https://doi.org/10.1111/1467-8462.12443 Zobrazit plný text záznamu