Title: Economic growth in Australia: globalisation, trade and foreign direct investment

Authors: Michael Thorpe; Nuno Carlos Leitão

Addresses: Curtin Business School, Curtin University, P.O. Box U1987, Perth, Western Australia, 6845, Australia ' Escola Superior de Gestão e Tecnologia de Santarém, Complexo Andaluz, Apt 295-2001-904- Santarém, Portugal; CEGAFE-UE, Universidade de Évora, Palácio do Vimioso (Gab. 224), Largo Marquês de Marialva, 8 7000-809 Évora, Portugal

Abstract: Economic growth in Australia has outperformed that in most other OECD countries over the past couple of decades. This paper investigates the factors contributing to economic growth in Australia over the period 1986-2007. Particular focus is placed on the impact of external linkages. A major objective is to incorporate explanatory variables based on Dreher (2006) which capture different dimensions of globalisation; an overall index of globalisation is used along with sub-indices reflecting economic, social and political influences. A dynamic panel data approach (GMM-System) is employed.

Keywords: economic growth; international trade; foreign direct investment; FDI; globalisation; Australia; external linkages.

DOI: 10.1504/GBER.2014.058079

Global Business and Economics Review, 2014 Vol.16 No.1, pp.75 - 86

Published online: 16 Jun 2014 *

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