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- Title
Trade liberalisation, inward FDI and productivity within Australia’s manufacturing sector.
- Authors
Turnbull, Christopher; Sun, Sizhong; Anwar, Sajid
- Abstract
Using a simultaneous equations model, this paper aims to analyse the endogenous relationship among trade liberalisation, inward foreign direct investment and productivity within Australia’s manufacturing sector. Using two-digit quarterly time-series data, from 1988 to 2012, we find empirical support for trade liberalisation as a mechanism for improving productivity within the domestic manufacturing sector. However, we find that inward foreign direct investment has not had a statistically significant impact on productivity within the sector. By drawing on these findings, among others, we make some recommendations for Australia’s international trade, foreign investment and manufacturing industry policies.
- Subjects
AUSTRALIA; FREE trade; FOREIGN investments; MANUFACTURING industries; PRODUCTION (Economic theory)
- Publication
Economic Analysis & Policy, 2016, Vol 50, p41
- ISSN
0313-5926
- Publication type
Article
- DOI
10.1016/j.eap.2016.02.004