Tarlok Singh
Email: Tarlok.Singh@griffith.edu.au
Tarlok Singh, PhD
(UNSW), is a Senior
Lecturer in the
Department of
Accounting, Finance and
Economics, Griffith
Business School, Griffith University,
Queensland, Australia. The teaching
expertise of Dr. Singh includes
Applied Econometrics,
Macroeconomics and Financial
Economics. Dr. Singh is a prolific
writer, and has published extensively
on macroeconomic modelling. His
papers have appeared in several international
journals, such as Applied
Economics, Applied Economics Letters,
Economic Modelling, Empirical
Economics, International Review of
Applied Economics, Journal of Economic
Surveys, The World Economy, Journal of
Policy Modeling and the Journal of Post
Keynesian Economics.
Papers Published in World Economics:
Income Inequality and Foreign Direct Investment in Australia
Income, wealth and consumption are three main factors that determine people’s standard of living. Many organisations in Australia report that in recent years the Australian standard of living has been changing, with some people falling behind. This paper examines the magnitude of and the factors contributing towards the growing income inequality in Australia. The data shows that income inequality, which in Australia in the mid-1990s was around the same level as in other developed countries, has recently outpaced their levels. The data on FDI shows that, at the same time as income inequality was on the rise, the amount of FDI inflows to Australia increased and despite a higher FDI restrictiveness index than the average for OECD countries Australia holds its position in the top ten countries in terms of the preferred destination of FDI.
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China’s Economic Growth and Foreign Direct Investment Flows
Economic reforms implemented since 1978 have contributed to economic growth and prosperity in China. China has emerged as the largest host country for foreign direct investment, in that it receives enormous inflows and has concurrently become one of the largest suppliers of outward foreign direct investment projects. The institutional background of China’s investment and economic policies provides an understanding of the influence of foreign direct investment on economic development. Well-designed policies can attract more FDI inflows and contribute to greater outbound investment.
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Flow of Funds Accounts
This study uses historic flow of funds data in India and examines the movements of funds across financial and non-financial sectors of the economy. The study develops a new theoretical framework to map the multidimensional nexus across macro-economic aggregates and to integrate the NIP and FOF accounts. The financial system has witnessed discernible deepening - increased preferences of households for financial assets - and widening -availability of a wide spectrum of financial services and instruments with varying degrees of returns, risks and liquidity. The household sector is the only surplus sector in the domestic economy and it uses its financial saving surplus to finance the resource deficits of the private corporate business and government sectors. The banking sector played a dominant role in the allocation of resources in India as compared to other financial institutions.
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On Economic Growth and Domestic Saving in India
This study examines the economic growth and domestic saving in India. The onset of gradual economic reforms since the 1980s provided some fillip to growth, and the momentum was carried forward through the adoption of a wide-ranging structural adjustment program since the beginning 1990s. The sustainability of an accelerated growth trajectory hinges heavily on the acceleration of saving and investment and the improvements in productivity. While foreign direct investment, liberalization of trade and the globalisation of goods and financial markets have well-documented gains, the accrual of these gains is contingent on the acceleration of productivity to a threshold level where the firms can effectively compete for market share in both domestic and international markets. Gobalization is unlikely to take developing economies out of low level equilibrium traps of underdevelopment, if it is not accompanied by the institutional reforms, development of adequate infrastructure, unleashing of productivities, development of efficient financial sector, and the improvements in the competitiveness of import-competing industries in the domestic and export-oriented industries in the international markets.
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