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• W2067275562 startingPage "35" @default.
• W2067275562 abstract "Foreign investment supplements domestic saving, allowing an economy to accumulate real capital more quickly. Therefore, the question of the desirability of a current account deficit, which necessarily matches a net capital inflow, essentially depends on whether the extra real output made possible by the foreign funds exceeds their real servicing cost. This paper provides econometric estimates which suggest that in the case of Australia, a country which experienced comparatively large external imbalances over the 1980's, the use of foreign capital has raised national income by more than would have occurred in absence of the foreign inflow. [F 47]" @default.
• W2067275562 created "2016-06-24" @default.
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• W2067275562 date "1993-12-01" @default.
• W2067275562 modified "2023-09-25" @default.
• W2067275562 title "Estimates of the Macroeconomic Impact of Foreign Investment in Asutralia" @default.
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• W2067275562 doi "https://doi.org/10.1080/10168739300000011" @default.
• W2067275562 hasPublicationYear "1993" @default.
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