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dc.contributor.authorMakin, Tonyen_US
dc.contributor.authorZhang, Weien_US
dc.contributor.authorM. Scobie, Granten_US
dc.date.accessioned2017-04-24T09:17:26Z
dc.date.available2017-04-24T09:17:26Z
dc.date.issued2009en_US
dc.date.modified2010-07-14T07:43:59Z
dc.identifier.issn0077-9954en_US
dc.identifier.doi10.1080/00779950903308786en_AU
dc.identifier.urihttp://hdl.handle.net/10072/29329
dc.description.abstractNew Zealand's persistent current account deficits and high external debt level remain central to ongoing economic policy debate. However, what is often overlooked is the potentially positive macroeconomic contribution made by foreign finance. This paper suggests that foreign capital inflows, the counterpart of current account deficits, have in fact made a significant contribution to New Zealand national income from a growth accounting perspective. A stylised national balance sheet that includes New Zealand's assets and foreign liabilities also places the stock of foreign debt in proper context and reveals that national wealth gains have been significant as well.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherRoutledgeen_US
dc.publisher.placeAustraliaen_US
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom263en_US
dc.relation.ispartofpageto278en_US
dc.relation.ispartofissue3en_US
dc.relation.ispartofjournalNew Zealand Economic Papersen_US
dc.relation.ispartofvolume43en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchInternational Economics and International Financeen_US
dc.subject.fieldofresearchcode140210en_US
dc.titleThe Contribution of Foreign Borrowing to the New Zealand Economyen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.date.issued2009
gro.hasfulltextNo Full Text


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