Abstract

The Expert Group on Production Accounts and Input-Output Tables suggested that the revised version of the United Nations' A System of National Accounts (SNA) include a recommendation that the accounts for the corporate enterprise sector be prepared separately for private and government-owned as well as for resident- and foreign-owned enterprises. (In this connection it is presumed that the terms resident-owned and foreign-owned refer to enterprises that are, more accurately, resident-controlled or foreign-controlled in that an enterprise can have both resident and foreign ownership of its voting equity; thus, although such an enterprise cannot be said to be wholly resident-owned or foreign-owned, its control can be assigned.) The Group further suggested that a paper describing the criteria used for distinguishing between resident-owned and foreign-owned enterprises, particularly in relation to the definition of direct investment, be prepared.

Author: Vicente Galbis