@article {Iyer:May :0003-6846:1525,
	author = "Iyer, Krishna and Rambaldi, Alicia and Tang, Kam Ki",
	title = "How trade and foreign investment affect the growth of a small but not so open economy: Australia?",
	journal = "Applied Economics",
	volume = "41",
	number = "12",
	year = "May ",
	abstract = "This article analyses the impact of trade and foreign investment on a small but not so open economy, Australia, whose growth rate outpaced the majority of the OECD countries in the last decade. We model five channels of outward orientation: exports, imports, foreign direct investment, foreign portfolio investment and other foreign investment. A cointegrated vector autoregressive model, complemented by a robust Granger noncausality test, is specified to identify permanent channels of outward orientation. Imports and direct investment are found to have a growth effect in the long run. The effect of imports is almost three times that of direct investment.",
	pages = "1525-1532",
	url = "http://www.ingentaconnect.com/content/routledg/raef/2009/00000041/00000012/art00007",
	doi = "doi:10.1080/00036840601032177"
}