Transcript Uses of FDI statistics

Uses of FDI statistics
Ayse Bertrand
Investment Division, OECD
[email protected]
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Uses of FDI statistics
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An overview
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Users’ expectation
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Do we meet user needs?
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Uses of FDI statistics
Overview
 Why measure FDI?
 Understanding main features
 Interpreting FDI statistics
 Most frequently asked question
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Why measure FDI
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Liberalisation of capital movements
Motivation of FDI
– Lasting relationship
– Influence/control the management/decision making
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FDI is a part of macro-economic statistics
Key element for globalisation
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Main Features
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Links with other macro-economic analysis
10 per cent ownership of voting power
More & more complex investment patterns of
MNEs
More & more complex group structures
Types of data: financial flows and stocks, income
Structure: equity, reinvested earnings, intercompany debt
Market value
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Interpreting FDI statistics
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Aggregate BOP data
Detailed data for FDI statistics
– By partner country
– By industry classification
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Importance of ultimate destination
– By partner country
– By industry classification
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Pass-through funds and capital in transit
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Most frequently asked questions
1) What are the relations between FDI transactions, positions
(stocks) and income?
2) How to Interpret negative values?
3) What explain large data revisions?
4) Which criteria for classifying FDI by economic activity?
5) What is the role of capital in transit and/or passing through
SPEs?
6) What degree of complementarity of FDI & AMNE
statistics?
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What explains discrepancies in the FDI data provided by
international organisations
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User Expectations
To analyse:
1) FDI trends and developments
2) Attractiveness of the domestic economy as an
investment location
3) Opportunities and challenges when domestic
enterprises move offshore
4) “Unwelcome” mergers and acquisitions,
strategic sectors and national champions
5) Investment for development: FDI from the OECD
area to poorer countries
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Do we meet user needs?
FDI statistics are expected to provide within the
revised framework :
1) In-depth information about partner countries
2) Detailed equity investment data
3) “Real” investment as opposed to “paper
transactions”
4) Special purpose entities.
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Do we meet user needs?
Data needs which require future work:
1. New forms of corporate linkups, eg
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Strategic alliances
Joint ventures
Transfer of know-how
Activities of MNEs
Etc
2. How to ensure consistency with FDI statistics?
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Thank you.
Ayse Bertrand
Manager, International Investment Statistics
Investment Division
Directorate for Financial and Enterprise Affairs
Tel: 33 1 45 24 91 24
Fax: 33 1 45 24 13 34
E-mail: [email protected]
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