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Measuring Multinational Production with Foreign Direct Investment Statistics: Recent Trends, Challenges, and Developments
Author:
Bruno Casella
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,
Maria Borga
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, and
Mr. Konstantin Wacker
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Series:
IMF Working Papers
Volume/Issue:
Volume 2023: Issue 113
Language:
English
Publication Date:
02 Jun 2023
DOI:
https://doi.org/10.5089/9798400243530.001
ISBN:
9798400243530
ISSN:
1018-5941
Pages:
32
Keywords:
FDI; multinational production; multinational enterprises; foreign affiliates; FDI statistics; FDI data; conduit FDI; FDI stock; Foreign direct investment; Special purpose vehicle; Stocks; Offshore financial centers; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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In a complex global production landscape, the quest for measures of economic activity by multinational enterprises (MNEs) has become more pressing. Foreign Direct Investment (FDI) statistics, which capture financing aspects of MNEs, have often been used as a proxy for multinational production given their wide availability and cross-country comparability, but concerns that multinational production occurs in different countries than where financial positions are recorded call this practice into question. This paper revisits the main objections to the use of FDI as a proxy for multinational production, explores counterarguments, and provides guidance on the use of FDI statistics to measure multinational production.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund