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Improving the investment climate in APEC economies

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  • Roy Nixon

    (Treasury, Government of Australia)

Abstract

The World Bank has identified investment as the key driver of growth and poverty reduction. An investment climate with few barriers is most likely to ensure investment is plentiful and used efficiently. In APEC economies, domestic investment makes up nearly three-quarters of all investment and therefore has the greatest potential to lift growth. Many studies have measured barriers to foreign direct investment at the border but surprisingly few have measured barriers 'behind-the-border' to domestic investment. We need to understand much more about behind-the-border barriers to investment in APEC and their impact to be able to assist APEC developing member economies make better informed policy choices when removing barriers to investment. Recent APEC experience with investment climate reform is briefly examined for any thematic lessons and whether there could be a better way to undertake such reform in the future.

Suggested Citation

  • Roy Nixon, 2007. "Improving the investment climate in APEC economies," Economic Roundup, The Treasury, Australian Government, issue 1, pages 51-66, February.
    • Handle: RePEc:tsy:journl:journl_tsy_er_2007_1_3
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    File URL: http://archive.treasury.gov.au/documents/1221/PDF/03_climate.pdf
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    References listed on IDEAS

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    3. Stephen S. Golub, 2003. "Measures of Restrictions on Inward Foreign Direct Investment for OECD Countries," OECD Economic Studies, OECD Publishing, vol. 2003(1), pages 85-116.
    4. Williamson, John, 2000. "What Should the World Bank Think about the Washington Consensus?," The World Bank Research Observer, World Bank, vol. 15(2), pages 251-264, August.
    5. Adams, Richard H. Jr., 2003. "Economic growth, inequality, and poverty : findings from a new data set," Policy Research Working Paper Series 2972, The World Bank.
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    Cited by:

    1. Anthony J Makin & Andreas Chai, 2018. "Prioritizing Foreign Investment In APEC," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 18(3), pages 1-9, September.

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    More about this item

    Keywords

    APEC; Asia Pacific Economic Cooperation; foreign direct investment; domestic investment; barriers; investment;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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