What Is Real And What Is Not In The Global Fdi Network
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What Is Real And What Is Not In The Global Fdi Network
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Author : Jannick Damgaard
language : en
Publisher: International Monetary Fund
Release Date : 2019-12-11
What Is Real And What Is Not In The Global Fdi Network written by Jannick Damgaard and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-11 with Business & Economics categories.
Macro statistics on foreign direct investment (FDI) are blurred by offshore centers with enormous inward and outward investment positions. This paper uses several new data sources, both macro and micro, to estimate the global FDI network while disentangling real investment and phantom investment and allocating real investment to ultimate investor economies. We find that phantom investment into corporate shells with no substance and no real links to the local economy may account for almost 40 percent of global FDI. Ignoring phantom investment and allocating real investment to ultimate investors increases the explanatory power of standard gravity variables by around 25 percent.
What Is Real And What Is Not In The Global Fdi Network
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Author : Jannick Damgaard
language : en
Publisher: International Monetary Fund
Release Date : 2019-12-11
What Is Real And What Is Not In The Global Fdi Network written by Jannick Damgaard and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-11 with Business & Economics categories.
Macro statistics on foreign direct investment (FDI) are blurred by offshore centers with enormous inward and outward investment positions. This paper uses several new data sources, both macro and micro, to estimate the global FDI network while disentangling real investment and phantom investment and allocating real investment to ultimate investor economies. We find that phantom investment into corporate shells with no substance and no real links to the local economy may account for almost 40 percent of global FDI. Ignoring phantom investment and allocating real investment to ultimate investors increases the explanatory power of standard gravity variables by around 25 percent.
The Global Fdi Network Searching For Ultimate Investors
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Author : Jannick Damgaard
language : en
Publisher: International Monetary Fund
Release Date : 2017-11-17
The Global Fdi Network Searching For Ultimate Investors written by Jannick Damgaard and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-17 with Business & Economics categories.
This paper addresses three types of geographical decoupling in foreign direct investment (FDI), i.e., challenges when using traditional FDI data as a proxy for real economic integration between economies: (i) large bilateral asymmetries between inward and outward FDI, (ii) the role of special purpose entities (SPEs), and (iii) the effect of moving from immediate counterpart to ultimate investing economy (UIE). A unique global FDI network is estimated, where SPEs are removed and FDI positions are broken down by the UIE. Total inward FDI in the new network is reduced by one-third, and financial centers are less dominant.
How Widespread Is Fdi Fragmentation
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Author : Joanne Tan
language : en
Publisher: International Monetary Fund
Release Date : 2024-08-16
How Widespread Is Fdi Fragmentation written by Joanne Tan and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-08-16 with categories.
This paper examines the extent to which FDI has fragmented across countries, the ways it has done so, using a modified gravity approach. The paper finds that FDI fragmentation is, for now, not a widespread phenomenon. Instead, fragmentation is circumscribed in two ways. First, the paper finds that geo-economic fragmentation has occurred only for certain industries that likely have strategic value, including computer manufacturing, information and communications, transport, as well as professional, scientific and technical services. Secondly, fragmentation appears to be more pronounced for outward FDI from the US, notably in a shift of US FDI from China to advanced Europe and the rest of Asia. This shift appears to be driven by both the intensive and extensive margin. Fragmentation is also more pronounced for immediate rather than ultimate FDI, with evidence of ultimate parent companies aligning the geopolitical mix of their intermediaries more closely to that of their final FDI host destinations. Overall, the results suggest that fragmentation, where found, may be a response to targeted policies that have placed curbs on certain types of FDI on national security grounds, rather than an indiscriminate breakup of investment links between non-ally countries.
Measuring Multinational Production With Foreign Direct Investment Statistics Recent Trends Challenges And Developments
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Author : Bruno Casella
language : en
Publisher: International Monetary Fund
Release Date : 2023-06-02
Measuring Multinational Production With Foreign Direct Investment Statistics Recent Trends Challenges And Developments written by Bruno Casella and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-02 with Business & Economics categories.
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.
External Sector Report 2024
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2024-07-12
External Sector Report 2024 written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-07-12 with Business & Economics categories.
This year’s report provides the external sector assessment of 30 of the world’s largest economies on the basis of their 2023 data. With tight monetary policy conditions in key advanced economies continuing in 2023, the US dollar remained strong in 2023 and early 2024 by historical standards, while other reserve currency movements have been mixed. Net capital inflows to emerging market and developing economies recovered slightly from the lows experienced in 2022 but remained negative in 2023. Gross inflows and outflows in emerging markets declined, however. Against this background, the global current account balance (defined as the cross-country sum of absolute values of current account) narrowed significantly in 2023, while the excess global current account balance (in excess of the current account norms) has remained broadly unchanged relative to 2022. The report also analyzes the historical pattern in the external sector implications of energy price swings. Energy-importing countries are exposed to adverse effects of negative oil supply shocks but can adopt several policy measures to soften the impact. Possible implications of the clean energy transition and the evolving correlation between the oil price and US dollar are discussed. Lastly, the report contains external sector assessments of individual economies, which are based on a wide range of methods including a multilaterally consistent model of current accounts.
Deglobalization Financial Inequality And The Green Economy
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Author : Fikret Čaušević
language : en
Publisher: Taylor & Francis
Release Date : 2023-10-20
Deglobalization Financial Inequality And The Green Economy written by Fikret Čaušević and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-10-20 with Business & Economics categories.
One of the most challenging issues for the current state of global economy is a highly uneven distribution of global financial assets and liabilities. Drawing on extensive data, this book analyses the new global divisions in economic and financial inequality across the globe in the first two decades of this century. After outlining the context of the global financial system in the aftermath of the Global Financial Crisis of 2008/2009, this book provides a detailed examination of the data on economic and financial inequality, analysing growth rates relative to financial liabilities and assets for all countries where data is available. The central issues in understanding the financial and environmental efficiency of economic growth are also addressed as well as the development of financial and regulatory technologies (FinTech and RegTech). The final part of this book explores the changes in economic growth and financial assets/liabilities as a result of major events in the past three years: Covid Crisis, the rise of inflation and the Russian invasion of Ukraine. The focal point of this analysis is the relationship between the speed of economic growth, the use of financial resources for funding that growth and levels of inequality. The green transition, as one of the most important challenges in the global economy, is an integral part of this analysis, along with the inequality in available financial resources for this transition and potential threats to global financial stability. This book will be vital reading for those interested in inequality, financial economics, the global financial system and economic growth.
War And The World Economy
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Author : William Jefferies
language : en
Publisher: Springer Nature
Release Date : 2025-03-28
War And The World Economy written by William Jefferies and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-28 with Political Science categories.
This book offers a deep-dive analysis of the period of globalization from the late 1980s to the present through the lens of long wave theory. It traces how the end of the Cold War transformed the base of the global economy, doubling the working-class producing profits, and its superstructure, reestablishing US monopolar dominance. It explores how the ‘hyper-globalization’ of the period up to 2008 has transitioned into a new long wave of de-globalization, stagnation and multi-polar conflict. The book focuses particularly on the looming and actual wars – in trade, tech, and military terms –intertwined with world economics as the twenty-first century progresses. The book addresses three overarching themes: globalization versus de-globalization, great power conflict versus cooperation, and trade/tech integration versus competition. It examines the shift from stagnating conditions in the late 1970s to the resurgent hyper-global capitalism of the 2000s after the integration of the former Centrally Planned Economies (CPEs) into the world market, leading to, but not ending with, the 2008 Great Financial Recession. Globalization is analysed in depth at both a national and global level, with insights on the diverging paths of US and China forming a central focus of the chapters. The book provides a comparative analysis of US and Chinese economic development and discusses how globalization inevitably produced de-globalization: reversing trends towards the integration of production, trade and finance that have defined the world economy over the last three decades. This book will be of interest to scholars and students in areas including political economy, macroeconomics, war studies, international relations and more.
Foreign Direct Investment
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Author : I. Moosa
language : en
Publisher: Springer
Release Date : 2002-01-29
Foreign Direct Investment written by I. Moosa and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-29 with Business & Economics categories.
Foreign direct investment is an important issue that has attracted the attention of academic and professional economists as well as politicians and policy makers. In Foreign Direct Investment , Imad A. Moosa presents a survey of the vast body of literature and ideas relating to foreign direct investment that will be invaluable as a reference work for all these groups. He provides concise definition and analysis of the theories behind foreign direct investment, and considers factors affecting its implementation. The impact of foreign direct investment on economic development, host countries and the growth of multinationals, together with methods for evaluating foreign direct investment projects are discussed. The book is based on the experiences of and the empirical evidence pertaining to foreign direct investment in a large number of countries, and includes case studies on specific projects.
Foreign Direct Investment
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Author : HWY-CHANG MOON
language : en
Publisher: World Scientific
Release Date : 2015-12-16
Foreign Direct Investment written by HWY-CHANG MOON and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-16 with Business & Economics categories.
"Foreign Direct Investment (FDI) studies have evolved as one of the mainstreams in business strategy. This book presents a comprehensive perspective on the motivations behind the studies, the effects of FDI, and how it can be utilized and extended to other areas of studies. Written with a global perspective, this book not only touches upon business strategies but also covers government policies toward promoting and attracting FDI for industrial and economic development. The author, with his vast experience in consulting and research projects for multinational companies, international organizations and governments, examines real world business practices of Eastern firms and how they relate to their Western counterparts, thus making this book a valuable and practical reference not only for students, but for practitioners, too."--