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The Patterns of Japanese FDI in Australia after the Lehman Shock: Perspectives of the Eclectic Paradigm and Institutional Economics

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  • Bayari, Celal

Abstract

This paper discusses the post-‘Lehman Brothers shock’ period of the Japanese foreign direct investment in Australia, and provides an analysis of the types of investment. The analysis begins with the theoretical frameworks that define multinational enterprise (MNE) activity, and foreign direct investment. The way in which ‘institutional economics’ theory is utilised within the ‘eclectic paradigm’ is also analysed herein. The post-crisis business environment has been beset by uncertainties, and the global mergers and acquisitions had recovered to merely one third of the 2007 levels by the end of 2010 (UNCTAD, 2011). This has been the global trend, the context of the discussion herein. As this paper discusses, the global trend, which UNCTAD describes, does not readily apply to the Japanese foreign direct investment in Australia.

Suggested Citation

  • Bayari, Celal, 2012. "The Patterns of Japanese FDI in Australia after the Lehman Shock: Perspectives of the Eclectic Paradigm and Institutional Economics," MPRA Paper 100875, University Library of Munich, Germany, revised 14 Aug 2012.
    • Handle: RePEc:pra:mprapa:100875
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    References listed on IDEAS

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    Cited by:

    1. Celal Bayari, 2016. "Economic Geography of the Australian Mining Industry," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 107(5), pages 552-566, December.
    2. Bayari, Celal, 2012. "Australian Trade and FDI Relations with Japan: Reflecting on the Past Seven Decades," MPRA Paper 102292, University Library of Munich, Germany, revised 19 Aug 2012.
    3. Bayari, Celal, 2014. "Labour-centred Politics and Judicial Institutionalisation: The Lineaments of an Early Proto-Regulatory State Model in Australia," MPRA Paper 102293, University Library of Munich, Germany, revised 01 Jun 2014.

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    More about this item

    Keywords

    Australia; Lehman Brothers Shock; institutional economics; Japanese foreign direct investment;
    All these keywords.

    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • F1 - International Economics - - Trade
    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F18 - International Economics - - Trade - - - Trade and Environment
    • F2 - International Economics - - International Factor Movements and International Business
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • N4 - Economic History - - Government, War, Law, International Relations, and Regulation
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems

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